The Impact of Infectious and Contagious Diseases and Its Impact on the Economic Performance: The Case of Wuhan, China

21 Pages Posted: 29 Jan 2020 Last revised: 6 Feb 2020

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Social Security Research Centre (SSRC); University of Malaya (UM)

Donghyun Park

Asian Development Bank - Economic Research

Evangelos Koutronas

West Virginia University - Department of Mathematics

Alam Khan

KUST

Muhammad Tahir

Comsats Institute of Information Technology

Date Written: January 29, 2020

Abstract

This paper attempts to evaluate the impact of infectious and contagious diseases and Its final impact on the economic performance anywhere and anytime. We are considering to evaluate the case of Wuhan, China. We are taking in consideration the case of Wuhan coronavirus to be evaluated under a domestic, national, and international level impact. In this paper, we also propose a new simulator to evaluate the impact of infections and contagious diseases on the economic performance subsequently. This simulator is entitled "The Integral Infections and Contagious Diseases Economic Simulator (IICD-Economic Simulator)." Hence, this simulator tries to show a macro and micro analysis with different possible scenarios simultaneously. Finally, the IICD-Economic Simulator was applied to the case of Wuhan-China respectively.

Keywords: Economic Simulation, Contagious diseases, China, Wuhan, Policy Modeling

JEL Classification: I15, I18

Suggested Citation

Ruiz Estrada, Mario Arturo and Park, Donghyun and Koutronas, Evangelos and Khan, Alam and Tahir, Muhammad, The Impact of Infectious and Contagious Diseases and Its Impact on the Economic Performance: The Case of Wuhan, China (January 29, 2020). Available at SSRN: https://ssrn.com/abstract=3527330 or http://dx.doi.org/10.2139/ssrn.3527330

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Social Security Research Centre (SSRC) ( email )

Malaysia

University of Malaya (UM) ( email )

Kuala Lumpur, Wilayah Persekutuan 50603
University of Malaya (UM)
Kuala Lumpur, Wilayah Persekutuan 50603
Malaysia

Donghyun Park

Asian Development Bank - Economic Research ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Evangelos Koutronas

West Virginia University - Department of Mathematics ( email )

PO Box 6201
Morgantown, WV 26506
United States

Alam Khan

KUST ( email )

Department of Economics Kohat University of Scienc
Kohat, Khyber Pakhtunkhwa 26000
Pakistan

Muhammad Tahir

Comsats Institute of Information Technology ( email )

University Road, Tobe Camp Abbottabad
Abbottabad, KPK 22060
Pakistan
+923450257036 (Phone)
3450257036 (Fax)

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