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The economic implications of a network SIR-Macro model of epidemics

Author

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  • André, Keven R.A.
  • Arbex, Marcelo
  • Corrêa, Márcio V.
Abstract
We embed social networks in a conventional SIR-Macro framework. The network effect amplifies the negative effects of an epidemic. Greater connectedness at work has stronger recessionary effects. The network average degree can be interpreted as policies such as social distancing.

Suggested Citation

  • André, Keven R.A. & Arbex, Marcelo & Corrêa, Márcio V., 2023. "The economic implications of a network SIR-Macro model of epidemics," Economics Letters, Elsevier, vol. 225(C).
    • Handle: RePEc:eee:ecolet:v:225:y:2023:i:c:s0165176523000721
    DOI: 10.1016/j.econlet.2023.111047
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    References listed on IDEAS

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    1. Arbex, Marcelo & Caetano, Sidney & O’Dea, Dennis, 2016. "The implications of labor market network for business cycles," Economics Letters, Elsevier, vol. 144(C), pages 37-40.
    2. Vega-Redondo,Fernando, 2007. "Complex Social Networks," Cambridge Books, Cambridge University Press, number 9780521857406, September.
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    Cited by:

    1. Chia-Hui Lu, 2024. "The impact of lockdowns on macroeconomic performance: An application of epidemiology dynamics," Economics Bulletin, AccessEcon, vol. 44(2), pages 707-719.

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    More about this item

    Keywords

    Pandemic; Epidemiological model; Networks;
    All these keywords.

    JEL classification:

    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • I10 - Health, Education, and Welfare - - Health - - - General

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