The application of the COVID-19 global economic impact simulator in China

Estrada, Mario Arturo Ruiz and Koutronas, Evangelos (2022) The application of the COVID-19 global economic impact simulator in China. Institutions and Economies, 14 (3). 111 – 134. ISSN 22321640, DOI https://doi.org/10.22452/IJIE.vol14no3.5.

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Abstract

This paper establishes conceptual foundations for analyzing the economic dimensions of regional or global emerging and endemic infectious disease events, such as the case of Covid-19. The Covid-19 Global Economic Impact Simulator attempts to identify the Covid-19 transmission parameters and forecast its trajectories. The model introduces seven basic indicators-(i) the Covid-19 contagious spread intensity rate (S.I.), (ii) the treatment level for Covid-19 infected cases rate (T); (iii) the number of Covid-19 causalities rate (-C); (iv) the economic wear from the Covid-19 epidemic rate (-Π); (v) the Covid-19 contagious cases multiplier rate (M); (vi) the total economic leaking from the Covid-19 epidemic rate (-Ltotal); and (vii) the economic desgrowth from the Covid-19 epidemic rate (-δ2019-nCoV). Findings show that Covid-19 exhibits parallel spatial and temporal conditions with the related R.N.A. virus family but carries distinct infection signatures and magnitude of virus replication. Covid-19 ferocity can trigger a severe public health emergency in China with significant impacts on the domestic and world economies. © 2022, Faculty of Economics and Administration. All rights reserved.

Item Type: Article
Funders: None
Uncontrolled Keywords: China; Contagious diseases; COVID-19; Economic simulation; Policy modeling
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Arts and Social Sciences
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 27 Oct 2023 02:31
Last Modified: 27 Oct 2023 02:31
URI: http://eprints.um.edu.my/id/eprint/43612

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