The Application of the COVID-19 Global Economic Impact Simulator in China
DOI:
https://doi.org/10.22452/IJIE.vol14no3.5Keywords:
Economic simulation, Contagious diseases, China, COVID-19, Policy modelingAbstract
This paper establishes conceptual foundations for analyzing the economic dimensions of regional or global emerging and endemic infectious disease events, such as the case of Covid-19. The Covid-19 Global Economic Impact Simulator attempts to identify the Covid-19 transmission parameters and forecast its trajectories. The model introduces seven basic indicators - (i) the Covid-19 contagious spread intensity rate (S.I.), (ii) the treatment level for Covid-19 infected cases rate (T); (iii) the number of Covid-19 causalities rate (-C); (iv) the economic wear from the Covid-19 epidemic rate (-Π); (v) the Covid-19 contagious cases multiplier rate (M); (vi) the total economic leaking from
the Covid-19 epidemic rate (-Ltotal); and (vii) the economic desgrowth from the Covid-19 epidemic rate (-δ2019-nCoV). Findings show that Covid-19 exhibits parallel spatial and temporal conditions with the related R.N.A. virus family but carries distinct infection signatures and magnitude of virus replication. Covid-19 ferocity can trigger a severe public health emergency in China with significant impacts on the domestic and world economies.
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