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Growth economics of epidemics: A review of the theory

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  • BOUCEKKINE, Raouf
  • DIENE, Bity
  • AZOMAHOU, Théophile

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.
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Suggested Citation

  • BOUCEKKINE, Raouf & DIENE, Bity & AZOMAHOU, Théophile, 2009. "Growth economics of epidemics: A review of the theory," LIDAM Reprints CORE 2004, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:2004
    DOI: 10.1080/08898480701792410
    Note: In : Mathematical Population Studies, 15, 1-26, 2008
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    Cited by:

    1. d’Albis, Hippolyte & Augeraud-Véron, Emmanuelle, 2021. "Optimal prevention and elimination of infectious diseases," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    2. Yu, Zhen & Li, Yuankun & Xie, Xubin, 2021. "Long-term trade impact of epidemic outbreaks: Is it V-shaped?," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 16-40.
    3. Karlsson, Martin & Nilsson, Therese & Pichler, Stefan, 2012. "What Doesn't Kill You Makes You Stronger? The Impact of the 1918 Spanish Flu Epidemic on Economic Performance in Sweden," Working Paper Series 911, Research Institute of Industrial Economics.
    4. Guimarães, Luís, 2021. "Antibody tests: They are more important than we thought," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    5. de la Croix, David & Ponthiere, Gregory, 2010. "On the Golden Rule of capital accumulation under endogenous longevity," Mathematical Social Sciences, Elsevier, vol. 59(2), pages 227-238, March.
    6. Pierre Pestieau & Gregory Ponthiere, 2014. "Policy Implications of Changing Longevity," CESifo Economic Studies, CESifo Group, vol. 60(1), pages 178-212.
    7. Karlsson Martin & Matvieiev Mykhailo & Obrizan Maksym, 2023. "The Macroeconomic Impact of the 1918–19 Influenza Pandemic in Sweden," The B.E. Journal of Macroeconomics, De Gruyter, vol. 23(2), pages 637-675, June.
    8. Peter A.G. van Bergeijk, 2021. "Pandemic Economics," Books, Edward Elgar Publishing, number 20401.
    9. Gregory Ponthiere, 2013. "Fair Accumulation under Risky Lifetime," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(2), pages 210-230, May.
    10. 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.
    11. 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.
    12. Daniel de Kadt & Johan Fourie & Jan Greyling & Elie Murard & Johannes Norling, 2021. "Correlates and Consequences of the 1918 Influenza in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 89(2), pages 173-195, June.
    13. Catarina Goulão & Agustín Pérez-Barahona, 2014. "Intergenerational Transmission of Noncommunicable Chronic Diseases," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(3), pages 467-490, June.
    14. 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.
    15. Beniamino Callegari & Christophe Feder, 2022. "The long-term economic effects of pandemics: toward an evolutionary approach [Epidemics and trust: the case of the Spanish flu]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(3), pages 715-735.
    16. 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.
    17. 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).
    18. Enrico Berbenni & Stefano Colombo, 2023. "The impact of pandemics on labour organization: insights from an Italian company archive during the Spanish Flu," Letters in Spatial and Resource Sciences, Springer, vol. 16(1), pages 1-16, December.
    19. 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.
    20. Théophile T Azomahou & Njuguna Ndung'U & Mahamady Ouedraogo, 2021. "Coping with a dual shock : the economic effects of COVID-19 and oil price crises on African economies," Post-Print hal-03344118, HAL.
    21. Goulão, Catarina & Pérez-Barahona, Agustín, 2011. "Intergenerational transmission of non-communicable chronic diseases," TSE Working Papers 11-219, Toulouse School of Economics (TSE).
    22. Théophile T. Azomahou & Raouf Boucekkine & Bity Diene, 2016. "HIV/AIDS and Development: A Reappraisal of the Productivity and Factor Accumulation Effects," American Economic Review, American Economic Association, vol. 106(5), pages 472-477, May.
    23. 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).
    24. repec:hal:pseose:halshs-00746913 is not listed on IDEAS
    25. 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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