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The Economy, Climate Change and Infectious Diseases: Links and Policy Implications

Author

Listed:
  • William Brock

    (University of Wisconsin
    University of Missouri)

  • Anastasios Xepapadeas

    (University of Economics and Business
    University of Bologna)

Abstract

This short paper provides a modeling framework for unifying the economy, climate change and the outbreak of infectious diseases such as the recent COVID-19 pandemic. We stress that continuous growth of consumption activities, capital accumulation and climate change could increase the potential of the epidemic, its contact number or the probability of its arrival. This framework of analysis allows us to think of infectious disease policies in two stages. In the short run, containment policies like social distancing could help to stop the epidemic. In the medium and the long run, economic policies could help to reduce the potential of the epidemic or the probability of its emergence.

Suggested Citation

  • William Brock & Anastasios Xepapadeas, 2020. "The Economy, Climate Change and Infectious Diseases: Links and Policy Implications," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 811-824, August.
    • Handle: RePEc:kap:enreec:v:76:y:2020:i:4:d:10.1007_s10640-020-00442-z
    DOI: 10.1007/s10640-020-00442-z
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    References listed on IDEAS

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    1. Frederick Ploeg & Aart Zeeuw, 2019. "Pricing Carbon and Adjusting Capital to Fend Off Climate Catastrophes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 29-50, January.
    2. Polasky, Stephen & de Zeeuw, Aart & Wagener, Florian, 2011. "Optimal management with potential regime shifts," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 229-240, September.
    3. Brock, W. & Xepapadeas, A., 2017. "Climate change policy under polar amplification," European Economic Review, Elsevier, vol. 99(C), pages 93-112.
    4. H. Damon Matthews & Nathan P. Gillett & Peter A. Stott & Kirsten Zickfeld, 2009. "The proportionality of global warming to cumulative carbon emissions," Nature, Nature, vol. 459(7248), pages 829-832, June.
    5. Michael Greenstone & Vishan Nigam, 2020. "Does Social Distancing Matter?," Working Papers 2020-26, Becker Friedman Institute for Research In Economics.
    6. Pollak, Robert A & Wachter, Michael L, 1975. "The Relevance of the Household Production Function and Its Implications for the Allocation of Time," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 255-277, April.
    7. Tornatore, Elisabetta & Maria Buccellato, Stefania & Vetro, Pasquale, 2005. "Stability of a stochastic SIR system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 354(C), pages 111-126.
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    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Environment

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    Cited by:

    1. Augeraud-Véron, Emmanuelle & Fabbri, Giorgio & Schubert, Katheline, 2021. "Prevention and mitigation of epidemics: Biodiversity conservation and confinement policies," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    2. Robert J. R. Elliott & Ingmar Schumacher & Cees Withagen, 2020. "Suggestions for a Covid-19 Post-Pandemic Research Agenda in Environmental Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 1187-1213, August.
    3. Marion Davin & Mouez Fodha & Thomas Seegmuller, 2023. "Environment, public debt, and epidemics," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 25(6), pages 1270-1303, December.
    4. Nana Liu & Zeshui Xu & Marinko Skare, 2021. "The research on COVID-19 and economy from 2019 to 2020: analysis from the perspective of bibliometrics," Oeconomia Copernicana, Institute of Economic Research, vol. 12(2), pages 217-268, June.
    5. William Brock & Anastasios Xepapadeas, 2023. "Natural world preservation and infectious diseases: Land-use, climate change and innovation," DEOS Working Papers 2319, Athens University of Economics and Business.

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