The Global Economic Effects of Pandemic Influenza

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Verikios, George, Sullivan, M, Stojanovski, P, Giesecke, James A ORCID: 0000-0002-7283-0551 and Woo, G (2011) The Global Economic Effects of Pandemic Influenza. Working Paper. Centre of Policy Studies (CoPS).


We analyse the global economic effects of 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. We do this by applying results from a susceptible-infected-recovered epidemiological model to a detailed, quarterly computable general equilibrium model. Our findings indicate that global economic activity will be more strongly affected by a pandemic with high infection rates rather than high virulence rates, all else being equal. At the regional level, regions with a higher degree of economic integration with the world economy will be affected more strongly than less integrated regions.

Additional Information

CoPS/IMPACT Working Paper Number G-224

Item type Monograph (Working Paper)
Official URL
ISBN 9781921654305
Subjects Historical > FOR Classification > 1402 Applied Economics
Historical > Faculty/School/Research Centre/Department > College of Business
Current > Division/Research > Centre of Policy Studies (CoPS)
Keywords C68; E37; I18; computable general equilibrium; pandemic influenza; quarterly periodicity
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