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Growth Economics of Epidemics: A Review of the Theory

Author

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  • Raouf Boucekkine
  • Bity Diene
  • Theophile Azomahou

Abstract

This survey of economic growth theory applied to epidemiology highlights that Blanchard-Yaari structures involving a Lucas human capital accumulation are appropriate to study an AIDS-like crisis. Physical capital accumulation, schooling, health expenditures and supply effects are put together within a Blanchard two-sector economy to capture life-cycle effects of AIDS-like epidemics.

Suggested Citation

  • Raouf Boucekkine & Bity Diene & Theophile Azomahou, 2008. "Growth Economics of Epidemics: A Review of the Theory," Mathematical Population Studies, Taylor & Francis Journals, vol. 15(1), pages 1-26.
  • Handle: RePEc:taf:mpopst:v:15:y:2008:i:1:p:1-26
    DOI: 10.1080/08898480701792410
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    6. Karlsson, Martin & Nilsson, Therese & Pichler, Stefan, 2014. "The impact of the 1918 Spanish flu epidemic on economic performance in Sweden," Journal of Health Economics, Elsevier, vol. 36(C), pages 1-19.
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    8. Obrizan, Maksym & Karlsson, Martin & Matvieiev, Mykhailo, 2020. "The Macroeconomic Impact of the 1918–19 Influenza Pandemic in Sweden," MPRA Paper 98910, University Library of Munich, Germany.
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    10. Pierre Pestieau & Gregory Ponthiere, 2014. "Policy Implications of Changing Longevity," CESifo Economic Studies, CESifo, vol. 60(1), pages 178-212.
    11. Beniamino Callegari & Christophe Feder, 2022. "A Literature Review of Pandemics and Development: the Long-Term Perspective," Economics of Disasters and Climate Change, Springer, vol. 6(1), pages 183-212, March.
    12. d’Albis, Hippolyte & Augeraud-Véron, Emmanuelle, 2021. "Optimal prevention and elimination of infectious diseases," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    13. Daniel de Kadt & Johan Fourie & Jan Greyling & Elie Murard & Johannes Norling, 2020. "The causes and consequences of the 1918 influenza in South Africa," Working Papers 12/2020, Stellenbosch University, Department of Economics.
    14. Azomahou, Théophile T. & Ndung’u, Njuguna & Ouédraogo, Mahamady, 2021. "Coping with a dual shock: The economic effects of COVID-19 and oil price crises on African economies," Resources Policy, Elsevier, vol. 72(C).
    15. Gómez, Manuel A., 2015. "Capital–labor substitution and long-run growth in a model with physical and human capital," Mathematical Social Sciences, Elsevier, vol. 78(C), pages 106-113.
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    17. Goulão, Catarina & Pérez-Barahona, Agustín, 2011. "Intergenerational transmission of non-communicable chronic diseases," TSE Working Papers 11-219, Toulouse School of Economics (TSE).
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    19. Enrico Berbenni & Stefano Colombo, 2021. "The impact of pandemics: revising the Spanish Flu in Italy in light of models’ predictions, and some lessons for the Covid-19 pandemic," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(2), pages 219-243, June.
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    21. Azomahou, Theophile & Soete, Luc & Diene, Bity & Diene, Mbaye, 2012. "Optimal health investment with separable and non-separable preferences," MERIT Working Papers 2012-047, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    22. M. Alper Çenesiz & Luís Guimarães, 2022. "COVID‐19: What if immunity wanes?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(S1), pages 626-664, February.

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