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Investing in Vaccines to Mitigate Harm from COVID-19 and Future Pandemics

Author

Listed:
  • Rachel Glennerster
  • Catherine Che
  • Sarrin M. Chethik
  • Claire T. McMahon
  • Christopher M. Snyder

Abstract

This paper evaluates the social value of investing in vaccine research, development, and manufacturing capacity for pandemic preparedness and response. Rapid vaccination during pandemics can significantly reduce mortality, economic losses, and societal disruptions. However, vaccine manufacturers often lack sufficient incentives for speed and capacity expansion. Strategic policies by governments and international organizations could enhance these incentives and improve equitable vaccine distribution.

Suggested Citation

  • Rachel Glennerster & Catherine Che & Sarrin M. Chethik & Claire T. McMahon & Christopher M. Snyder, 2024. "Investing in Vaccines to Mitigate Harm from COVID-19 and Future Pandemics," NBER Working Papers 32984, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:32984
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    More about this item

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics

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