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A structural model of corona virus behaviour for testing on data behaviour

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Abstract

We fit the logistic function, the reduced form of epidemic behaviour, to the data for deaths from Covid-19, for a wide variety of countries, with a view to estimating a causal model of the covid virus' progression. We then set out a structural model of the Covid virus behaviour based on evolutionary biology and social household behaviour; we estimated and tested this by indirect inference, matching its simulated logistic behaviour to that found in the data. In our model the virus' progression depends on the interaction of strategies by household agents, the government and the virus itself as programmed by evolution. Within these interactions, it turns out that there is substitution between government topdown direction (such as lockdown) and social reaction to available information on the virus behaviour. We also looked at experience of second waves, where we found that countries successfully limited second waves when they had had longer first waves and followed policies of localised reaction in the second.

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  • Meenagh, David & Minford, Patrick, 2020. "A structural model of corona virus behaviour for testing on data behaviour," Cardiff Economics Working Papers E2020/4, Cardiff University, Cardiff Business School, Economics Section.
  • Handle: RePEc:cdf:wpaper:2020/4
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    Cited by:

    1. Mark Pingle, 2022. "Addressing threats like Covid: why we will tend to over-react and how we can do better," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 21(1), pages 9-23, June.
    2. Lopez-Medoza, Hector & González-Álvarez, Maria A. & Montañés, Antonio, 2023. "Assessing the effectiveness of international government responses to the COVID-19 pandemic," MPRA Paper 117826, University Library of Munich, Germany.
    3. David Meenagh & Patrick Minford, 2023. "A structural model of coronavirus behaviour: what do four waves of Covid tell us?," Applied Economics, Taylor & Francis Journals, vol. 55(37), pages 4348-4358, August.

    More about this item

    Keywords

    coronavirus; Covid-19; evolution; optimisation; indirect inference; lockdown;
    All these keywords.

    JEL classification:

    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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