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The Value of Vaccination

Author

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  • David E. Bloom
  • David Canning
  • Mark Weston

Abstract

Despite advances during the twentieth century, immunization coverage is far from universal and faces significant obstacles in both developing and developed countries. Weak policy emphasis on vaccination may be the result of the narrow view of its benefits in scientific and policy-making communities, which focus mainly on the averted costs of medical treatment. An investigation of the broader impacts of immunization shows that the benefits of vaccine programs-in particular, their economic effects via improved health-have been underestimated, thereby causing the rate of return to be underestimated.

Suggested Citation

  • David E. Bloom & David Canning & Mark Weston, 2005. "The Value of Vaccination," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 6(3), pages 15-39, July.
    • Handle: RePEc:wej:wldecn:213
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=213
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