Infectious Diseases and Economic Growth

@inproceedings{Goenka2011InfectiousDA,
  title={Infectious Diseases and Economic Growth},
  author={Aditya Goenka and Lin Liu and Manh-Hung Nguyen},
  year={2011}
}
This paper develops a framework to study the economic impact of infectious diseases by integrating epidemiological dynamics into a neo-classical growth model. There is a two way interaction between the economy and the disease: the incidence of the disease affects labor supply, and investment in health capital can affect the incidence and recuperation from the disease. Thus, both the disease incidence and the income levels are endogenous. The disease dynamics make the control problem non-convex… CONTINUE READING

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