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A Simple Endemic Growth Model for Undergraduates

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  • Carmona, Julio

    (University of Alicante, D. Quantitative Methods and Economic Theory)

Abstract

The coronavirus SARS-CoV-2 has changed dramatically our lives. Most economic analysis have focused on its short run effects. However, its persistence could raise concerns about its long-run consequences. This is, unfortunately, the case for many emergent countries suffering endemic diseases. To illustrate to our undergraduate students the important consequences of persistent infectious diseases, I couple the standard Solow model, taught in any introductory course to economic growth, with a simple model of persistent diseases, the so called SIS model. Additionally, this will also illustrate the usefulness of the well known Lyapunov theorem, an essential tool for the convergence analysis in many dynamical systems.

Suggested Citation

  • Carmona, Julio, 2022. "A Simple Endemic Growth Model for Undergraduates," QM&ET Working Papers 22-1, University of Alicante, D. Quantitative Methods and Economic Theory, revised 03 Mar 2022.
    • Handle: RePEc:ris:qmetal:2022_001
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    References listed on IDEAS

    as
    1. Goenka, Aditya & Liu, Lin & Nguyen, Manh-Hung, 2021. "SIR economic epidemiological models with disease induced mortality," Journal of Mathematical Economics, Elsevier, vol. 93(C).
    2. Aditya Goenka & Lin Liu, 2020. "Infectious diseases, human capital and economic growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(1), pages 1-47, July.
    3. Christopher Avery & William Bossert & Adam Clark & Glenn Ellison & Sara Fisher Ellison, 2020. "An Economist's Guide to Epidemiology Models of Infectious Disease," Journal of Economic Perspectives, American Economic Association, vol. 34(4), pages 79-104, Fall.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    SIS Model; Solow Model; Lyapunov Theorem;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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