• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
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HOME > Archive > 2022 > Volume 10 Number 4 (Aug. 2022) >
JOEBM 2022 Vol.10(4): 220-229 ISSN: 2301-3567
DOI: 10.18178/joebm.2022.10.4.702

Assessment of Human and Economic Costs from the Interaction of Pandemic Transmission and Government Policy

Yanyun Wu

Abstract—This paper proposes a simple model of pandemic transmission. It examines several scenarios regarding two objectives: life loss and economic output loss. It explores the economic impact of medical resource constraints, vaccine distribution and lockdown policies in the event of the COVID-19 pandemic in 2020. Considering the objectives mentioned above, we can get the corresponding advantages and disadvantages of different policies. At the end of the paper, we also briefly discuss the possible reasons for the second wave of the pandemic in order to make further recommendations on policies.

Index Terms—COVID-19, pandemic scenario, policy making.

Y. W. Yanyun Wu is with the University of New South Wales, Australia (e-mail: Anastasia.Yanyun@gmail.com).

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Cite:Yanyun Wu, "Assessment of Human and Economic Costs from the Interaction of Pandemic Transmission and Government Policy," Journal of Economics, Business and Management vol. 10, no. 4, pp. 220-229, 2022.

Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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