The human life vs economic loss dilemma: Relation between death rate and the output rate in Europe during the Covid 19 pandemic

I analyze the human life-economic loss dilemma (HELD) trade-off between saving lives ad saving economic activities during the emergency period of Covid 19 pandemic. A new concept labeled HELD Curve, not addressed in the literature so far, is proposed to model the inverse non-linear relation between...

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Autor principal: Bollino, Carlo Andrea
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Society for Policy Modeling. Published by Elsevier Inc. 2023
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10121148/
https://www.ncbi.nlm.nih.gov/pubmed/37216039
http://dx.doi.org/10.1016/j.jpolmod.2023.04.003
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author Bollino, Carlo Andrea
author_facet Bollino, Carlo Andrea
author_sort Bollino, Carlo Andrea
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description I analyze the human life-economic loss dilemma (HELD) trade-off between saving lives ad saving economic activities during the emergency period of Covid 19 pandemic. A new concept labeled HELD Curve, not addressed in the literature so far, is proposed to model the inverse non-linear relation between loss of economic activity and death rates during the Covid 19 Pandemic in Europe, due to the lockdown policy. Econometric estimation supports this view offering to policymakers a tool to assess the impact of continuing the lockdown. The HELD curve elasticity implies a trade-off of 218 thousand EURO per saved human life.
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spelling pubmed-101211482023-04-24 The human life vs economic loss dilemma: Relation between death rate and the output rate in Europe during the Covid 19 pandemic Bollino, Carlo Andrea J Policy Model Article I analyze the human life-economic loss dilemma (HELD) trade-off between saving lives ad saving economic activities during the emergency period of Covid 19 pandemic. A new concept labeled HELD Curve, not addressed in the literature so far, is proposed to model the inverse non-linear relation between loss of economic activity and death rates during the Covid 19 Pandemic in Europe, due to the lockdown policy. Econometric estimation supports this view offering to policymakers a tool to assess the impact of continuing the lockdown. The HELD curve elasticity implies a trade-off of 218 thousand EURO per saved human life. The Society for Policy Modeling. Published by Elsevier Inc. 2023 2023-04-21 /pmc/articles/PMC10121148/ /pubmed/37216039 http://dx.doi.org/10.1016/j.jpolmod.2023.04.003 Text en © 2023 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Bollino, Carlo Andrea
The human life vs economic loss dilemma: Relation between death rate and the output rate in Europe during the Covid 19 pandemic
title The human life vs economic loss dilemma: Relation between death rate and the output rate in Europe during the Covid 19 pandemic
title_full The human life vs economic loss dilemma: Relation between death rate and the output rate in Europe during the Covid 19 pandemic
title_fullStr The human life vs economic loss dilemma: Relation between death rate and the output rate in Europe during the Covid 19 pandemic
title_full_unstemmed The human life vs economic loss dilemma: Relation between death rate and the output rate in Europe during the Covid 19 pandemic
title_short The human life vs economic loss dilemma: Relation between death rate and the output rate in Europe during the Covid 19 pandemic
title_sort human life vs economic loss dilemma: relation between death rate and the output rate in europe during the covid 19 pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10121148/
https://www.ncbi.nlm.nih.gov/pubmed/37216039
http://dx.doi.org/10.1016/j.jpolmod.2023.04.003
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