Estimating Economic Losses Caused by COVID-19 under Multiple Control Measure Scenarios with a Coupled Infectious Disease-Economic Model: A Case Study in Wuhan, China.

Int J Environ Res Public Health

State Key Laboratory of Earth Surface Processes and Resource Ecology, Faculty of Geographical Science, Beijing Normal University, Beijing 100875, China.

Published: November 2021

Background: The outbreak of the COVID-19 epidemic has caused an unprecedented public health crisis and drastically impacted the economy. The relationship between different control measures and economic losses becomes a research hotspot.

Methods: In this study, the SEIR infectious disease model was revised and coupled with an economic model to quantify this nonlinear relationship in Wuhan. The control measures were parameterized into two factors: the effective number of daily contacts (people) (); the average waiting time for quarantined patients (day) ().

Results: The parameter has a threshold value that if r is less than 5 (people), the number of COVID-19 infected patients is very close to 0. A "central valley" around = 5~6 can be observed, indicating an optimal control measure to reduce economic losses. A lower value of parameter g is beneficial to stop COVID-19 spread with a lower economic cost.

Conclusion: The simulation results demonstrate that implementing strict control measures as early as possible can stop the spread of COVID-19 with a minimal economic impact. The quantitative assessment method in this study can be applied in other COVID-19 pandemic areas or countries.

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Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8621982PMC
http://dx.doi.org/10.3390/ijerph182211753DOI Listing

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