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Approaching Economic Issues through Epidemiology–An Introduction to Business Epidemiology


  • Bolos, Bradut

    () (Petru Maior University of Târgu-Mures, Faculty of Economic and Administrative Sciences, Accounting and Finances Department)

  • Bacarea, Vladimir

    (Medicine and Pharmacy University of Târgu-Mures, Faculty of Medicine, Research Methodology Department)

  • Marusteri, Marius

    (Medicine and Pharmacy University of Târgu-Mures, Faculty of Pharmacy, Medical Informatics and Biostatistics Department.)


In the tradition of transferring models and concepts from one science to another, our research explores the possibility of importing some concepts, definitions and approaches from human epidemiology to economic research, based on the extensive usage of medical terms and concepts in economy. The article explores some basic epidemiology concepts and their possible relevance to economic research, with the final goal to provide a new viewpoint over the economic phenomena, usable in economic crisis. The article introduces the concept of “business epidemiology” as a possible scientific approach to the economic crisis.

Suggested Citation

  • Bolos, Bradut & Bacarea, Vladimir & Marusteri, Marius, 2011. "Approaching Economic Issues through Epidemiology–An Introduction to Business Epidemiology," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 257-276, March.
  • Handle: RePEc:rjr:romjef:v::y:2011:i:1:p:257-276

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    References listed on IDEAS

    1. Rajkamal Iyer & José-Luis Peydró, 2011. "Interbank Contagion at Work: Evidence from a Natural Experiment," Review of Financial Studies, Society for Financial Studies, vol. 24(4), pages 1337-1377.
    2. David E. Bloom & David Canning, 2006. "Epidemics and Economics," PGDA Working Papers 0906, Program on the Global Demography of Aging.
    3. Billio, Monica & Caporin, Massimiliano, 2010. "Market linkages, variance spillovers, and correlation stability: Empirical evidence of financial contagion," Computational Statistics & Data Analysis, Elsevier, vol. 54(11), pages 2443-2458, November.
    4. Raja Kali & Javier Reyes, 2010. "Financial Contagion On The International Trade Network," Economic Inquiry, Western Economic Association International, vol. 48(4), pages 1072-1101, October.
    5. Delli Gatti, Domenico & Gallegati, Mauro & Greenwald, Bruce & Russo, Alberto & Stiglitz, Joseph E., 2006. "Business fluctuations in a credit-network economy," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 370(1), pages 68-74.
    6. Iman van Lelyveld & Franka Liedorp, 2006. "Interbank Contagion in the Dutch Banking Sector: A Sensitivity Analysis," International Journal of Central Banking, International Journal of Central Banking, vol. 2(2), May.
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    More about this item


    epidemiology; business disease; company health; research methodology; financial contagion;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics


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