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The economic benefits and costs of COVID-19 mitigation measures in Mexico/Beneficios y costos económicos de las medidas de mitigación por el COVID-19 en México

Author

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  • Rubén Irvin Rojas Valdés

    (Centro de Investigación y Docencia Económicas)

Abstract

In this paper I calculate the daily flows of COVID-19 cases under the scenario of social distance and restricted economic activity implemented during the first months after the beginning of the epidemic, and under a counterfactual uncontrolled scenario with no mitigation measures. I estimate that social distance policies reduce the number of COVID-19 cases by 33%, saving over 292,000 lives. The benefits of these measures are monetized as 526 billion USD. Under a plausible economic recovery trajectory, I estimate that the net cost of mitigation in terms of output gap is equal to 35% of Mexico’s 2019 GDP.

Suggested Citation

  • Rubén Irvin Rojas Valdés, 2021. "The economic benefits and costs of COVID-19 mitigation measures in Mexico/Beneficios y costos económicos de las medidas de mitigación por el COVID-19 en México," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 36(1), pages 27-56.
    • Handle: RePEc:emx:esteco:v:36:y:2021:i:1:p:27-56
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/415/530
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    More about this item

    Keywords

    COVID-19; Mexico; cost-benefit; epidemic;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • D16 - Microeconomics - - Household Behavior - - - Collaborative Consumption
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods

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