Document de travail

SIR Economic Epidemiological Models with Disease Induced Mortality

Aditya Goenka, Lin Liu et Manh-Hung Nguyen

Résumé

This paper studies an optimal growth model where health expenditures (alternatively lockdowns) can be made to reduce infectivity of the disease when there is an infectious disease with SIR dynamics and infections can cause disease related mortality. We study implications of two different SIR models - with early mortality and with late mortality from the disease - on health outcomes, optimal response and on economic outcomes in equilibrium. We characterize the steady states and show how these vary when varying mortality. The outcomes are sensitive to the specification of the epidemiology model. We also study sufficiency conditions and provide the first results in economic models with SIR dynamics with and without disease related mortality - a class of models which are non-convex and have endogenous discounting so that no existing results are applicable.

Mots-clés

Infectious diseases, Covid-19, SIR model, mortality, sufficiency conditions, economic growth, lockdown, prevention, health expenditure.;

Codes JEL

  • E13: Neoclassical
  • E22: Capital • Investment • Capacity
  • D15:
  • D50: General
  • D63: Equity, Justice, Inequality, and Other Normative Criteria and Measurement
  • I10: General
  • I18: Government Policy • Regulation • Public Health
  • O41: One, Two, and Multisector Growth Models
  • C61: Optimization Techniques • Programming Models • Dynamic Analysis

Remplacé par

Aditya Goenka, Lin Liu et Manh-Hung Nguyen, « SIR Economic Epidemiological Models with Disease Induced Mortality », Journal of Mathematical Economics, vol. 93, n° 102476, mars 2021.

Référence

Aditya Goenka, Lin Liu et Manh-Hung Nguyen, « SIR Economic Epidemiological Models with Disease Induced Mortality », TSE Working Paper, n° 20-1150, octobre 2020, révision janvier 2021.

Voir aussi

Publié dans

TSE Working Paper, n° 20-1150, octobre 2020, révision janvier 2021