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Managing the risk of COVID‐19 via vaccine passports: Modeling economic and policy implications

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  • Rajeev K. Goel
  • James R. Jones

Abstract

The increasing use of vaccine passports (VPs) to certify immunity from the prevailing coronavirus has created positive and negative aspects that have shaken the workings of markets. The VPs are, however, not universally used and not required by all businesses and governments at this point. Given the newness associated with VPs and the ongoing uncertainty of the pandemic, full implications of VPs have not been considered. This paper provides some formal insights into the implications of the use of VPs, borrowing from the established economic theory. Recommendations for public policy are provided.

Suggested Citation

  • Rajeev K. Goel & James R. Jones, 2022. "Managing the risk of COVID‐19 via vaccine passports: Modeling economic and policy implications," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 2578-2586, September.
    • Handle: RePEc:wly:mgtdec:v:43:y:2022:i:6:p:2578-2586
    DOI: 10.1002/mde.3546
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    References listed on IDEAS

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    2. Rajeev K. Goel & Shoji Haruna, 2021. "Unmasking the demand for masks: Analytics of mandating coronavirus masks," Metroeconomica, Wiley Blackwell, vol. 72(3), pages 580-591, July.
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    4. Rajeev K. Goel & Michael A. Nelson, 2021. "Direct and indirect influences of political regimes on corruption," Social Science Quarterly, Southwestern Social Science Association, vol. 102(4), pages 1569-1589, July.
    5. Muhammad Jawad & Zaib Maroof & Munazza Naz, 2021. "Impact of pandemic COVID‐19 on global economies (a seven‐scenario analysis)," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(7), pages 1897-1908, October.
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    9. Rajeev K. Goel, 2021. "Masquerading the Government: Drivers of Government Impersonation Fraud," Public Finance Review, , vol. 49(4), pages 548-572, July.
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    13. Joshua S. Gans, 2023. "Vaccine Hesitancy, Passports, And The Demand For Vaccination," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 641-652, May.
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    20. Salvatore, Dominick & Constantiello, Alberto & Campano, Fred, 2021. "Implications of U.S. trade policies after the 2020 pandemic," Journal of Policy Modeling, Elsevier, vol. 43(4), pages 892-896.
    21. Goel, Rajeev K & Nelson, Michael A, 1998. "Corruption and Government Size: A Disaggregated Analysis," Public Choice, Springer, vol. 97(1-2), pages 107-120, October.
    22. Rajeev K. Goel, 2019. "Identity theft in the internet age: Evidence from the U.S. states," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 40(2), pages 169-175, March.
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    Cited by:

    1. German Blanco & Rajeev K. Goel & Rati Ram, 2023. "What drives the production and diffusion of mobile apps? An international investigation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 828-838, March.
    2. Jinwei Li & Qian Wei & Tianshu Jiang, 2025. "Impacts of supply and demand shocks on abnormal fluctuation of stock price: An analysis of US–China trade friction," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(4), pages 2206-2223, June.
    3. Alfano, Vincenzo & Capasso, Salvatore & Ercolano, Salvatore & Goel, Rajeev K., 2022. "Death takes no bribes: Impact of perceived corruption on the effectiveness of non-pharmaceutical interventions at combating COVID-19," Social Science & Medicine, Elsevier, vol. 301(C).
    4. Rajeev K. Goel & Michael A. Nelson, 2023. "Aggressive COVID‐19 lockdown policies: What factors significantly drove them across nations?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(4), pages 2211-2222, June.
    5. Rajeev K. Goel & James R. Jones & James W. Saunoris, 2023. "Explaining vaccine hesitancy: A COVID‐19 study of the United States," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 1073-1087, March.
    6. Paravee Maneejuk & Panuwat Sukinta & Jiraphat Chinkarn & Woraphon Yamaka, 2024. "Does the resumption of international tourism heighten COVID-19 transmission?," PLOS ONE, Public Library of Science, vol. 19(2), pages 1-25, February.

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