Proceedings of the 2022 2nd International Conference on Public Management and Intelligent Society (PMIS 2022)

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Analyzing the Economic Impact on COVID-19 with Vaccination Based on the Epidemiological and Economic Models

Authors
Eric Rui Huang1, *
1Portledge School Locust Valley, New York, USA
*Corresponding author. Email: rui021227@gmail.com
Corresponding Author
Eric Rui Huang
Available Online 7 December 2022.
DOI
10.2991/978-94-6463-016-9_81How to use a DOI?
Keywords
COVID-19; SEVIR; GDP; computable general equilibrium; economic
Abstract

In December 2019, COVID-19, a novel coronavirus disease, started in China and spread worldwide. The development of COVID-19 vaccines helped many countries in this world to diminish the disturbance caused by COVID-19. In order to explore the economic influence of COVID-19 with vaccination, this paper sets up 12 different scenarios with various daily vaccination rates and vaccination efficiencies to predict the cumulative fraction of the infective population based on a modified version of the SEVIR model, which is a basic quantitative model of infectious diseases. Inspired by previous research, we utilized the G-cube (G20) Model from the Computable General Equilibrium (CGE) model to estimate the GDP growth rate in the field of microeconomics based on prediction from previous data results of the SEVIR model. According to the results from this paper, we conclude that as the increase of daily vaccination rates and vaccine efficacy, the infection growth rate will decrease inversely.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Public Management and Intelligent Society (PMIS 2022)
Series
Atlantis Highlights in Computer Sciences
Publication Date
7 December 2022
ISBN
978-94-6463-016-9
ISSN
2589-4900
DOI
10.2991/978-94-6463-016-9_81How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Eric Rui Huang
PY  - 2022
DA  - 2022/12/07
TI  - Analyzing the Economic Impact on COVID-19 with Vaccination Based on the Epidemiological and Economic Models
BT  - Proceedings of the 2022 2nd International Conference on Public Management and Intelligent Society (PMIS 2022)
PB  - Atlantis Press
SP  - 815
EP  - 828
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-016-9_81
DO  - 10.2991/978-94-6463-016-9_81
ID  - Huang2022
ER  -