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The Macroeconomic Impact of Ebola Virus Disease (Evd): A Contribution to the Empirics of Growth

Author

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  • Obukohwo Oba Efayena

    (University of Nigeria)

Abstract

The paper addressed the formulation of a macro model to capture the macroeconomic impact of the Ebola Virus Disease (EVD). Previous studies has adopted various models such as the dynamic computable general equilibrium (CGE) model, endogenous model and the LINKAGE model, but there is dire need to generate a step-by-step model which will comprehensively capture how the Ebola Virus Disease (EVD) impacts on macroeconomic variables. Adopting the traditional neoclassical growth model, the model aggregated the various macroeconomic variables as well as captured the epidemic’s strain on each of these variables. The paper also empirically shows that the Ebola Virus Disease (EVD) has direct, indirect and deferred indirect cost implications for the economy. Using case studies of countries in Africa, the study evaluated how the Ebola Virus Disease (EVD) has affected the macroeconomic status of selected economies. The findings imply that there is dire need to control the spread of the deadly plague. The paper contribute immensely to empirical studies in the field of macroeconomics.

Suggested Citation

  • Obukohwo Oba Efayena, 2016. "The Macroeconomic Impact of Ebola Virus Disease (Evd): A Contribution to the Empirics of Growth," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 12(2), pages 127-135, April.
    • Handle: RePEc:dug:actaec:y:2016:i:2:p:127-135
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/3068/3226
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    References listed on IDEAS

    as
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    4. UNDP Regional Bureau for Africa, "undated". "Socio-economic impact of the Ebola Virus Disease in Guinea, Liberia and Sierra Leone," UNDP Africa Policy Notes 2014-11, United Nations Development Programme, Regional Bureau for Africa.
    5. UNDP Africa, 2014. "TAistlseessing the socio-economic impacts of Ebola Virus Disease in Guinea, Liberia and Sierra Leone The Road to Recovery," UNDP Africa Reports 267621, United Nations Development Programme (UNDP).
    6. Ungd, 2015. "Socio-Economic Impact of Ebola Virus Disease in West African Countries A call for national and regional containment, recovery and prevention," UNDP Africa Reports 267635, United Nations Development Programme (UNDP).
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