Papageorgiou, Chris; Sebastián, Fidel Pérez; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2010
We propose an economic theory of infectious disease transmission and rational behavior. Diseases are costly due to … prevalence rate and negative disease externality are relatively low. Secondly, infectious diseases can generate a low-growth trap … specific. Thirdly, a more favorable disease ecology propels the economy to a higher growth path where infectious diseases are …