Assessing Regional Risks From Pandemic Influenza: A Scenario Analysis. (1st August 2015)

• Record Type: Journal Article
• Authors: Verikios, George; Sullivan, Maura; Stojanovski, Pane; Giesecke, James; Woo, Gordon
• Is Part Of: World economy. Volume 39:Number 8(2016)
• Page Start: 1225
• Page End: 1255
• Publication Date: 2015-08-01
• Subjects: International economic relations -- Periodicals; 330
• DOI: 10.1111/twec.12296
• Languages: English
• ISSNs: 0378-5920

Abstract

Abstract: We analyse the economic risks from two influenza pandemics that represent extremes along the virulence‐infectiousness continuum of possible pandemics: a high virulence–low infectiousness event and a low virulence–high infectiousness event. Our analysis involves linking an epidemiological model and a quarterly computable general equilibrium model. We find that global economic activity is more strongly affected by a pandemic with high infection rates rather than high virulence rates, all else being equal. Regions with a higher degree of economic integration with the world economy face greater risks of negative effects than less integrated regions.