IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v29y2022i7p644-650.html
   My bibliography  Save this article

Economic loss from COVID-19 fatalities across countries: a VSL approach

Author

Listed:
  • Young Eun Kim
  • Norman V. Loayza

Abstract

COVID-19 has quickly propagated throughout the globe and triggered the worst economic crisis the world has experienced in recent history. We estimate mortality rates and associated economic loss of fatalities for different contagion suppression scenarios in a worldwide group of countries. We adjust previous estimates of mortality rates by adjusting for lower healthcare capacity to treat critically ill patients in lower-income countries. Furthermore, we adjust previous estimates of the economic loss from fatalities by controlling for the age profile of victims. The results show significant economic gains in adopting mitigation strategies, but the marginal gains decrease when moving from mitigation to suppression strategies. Moreover, lower-income countries gain less in moving from no intervention to mitigation and still less in moving from mitigation to suppression than higher-income countries do.

Suggested Citation

  • Young Eun Kim & Norman V. Loayza, 2022. "Economic loss from COVID-19 fatalities across countries: a VSL approach," Applied Economics Letters, Taylor & Francis Journals, vol. 29(7), pages 644-650, April.
    • Handle: RePEc:taf:apeclt:v:29:y:2022:i:7:p:644-650
    DOI: 10.1080/13504851.2021.1883521
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2021.1883521
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2021.1883521?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Feindouno, Sosso & Arcand, Jean-Louis & Guillaumont, Patrick, 2024. "COVID-19's death transfer to Sub-Saharan Africa," Social Science & Medicine, Elsevier, vol. 340(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:29:y:2022:i:7:p:644-650. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.