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Globalization and Pandemics
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DOI：10.1257/aer.20201479.png)
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摘要
En 中文
We provide theory and evidence on the relationship between global-ization and pandemics. Business travel facilitates trade and travel leads to human interactions that transmit disease. Trade-motivated travel generates an epidemiological externality across countries. If infections lead to deaths, or reduce individual labor supply, we establish a general equilibrium social distancing effect, whereby increases in relative prices in unhealthy countries reduce travel to those countries. If agents internalize the threat of infection, we show that their behavioral responses lead to a reduction in travel that is larger for higher-trade-cost locations, which initially reduces the ratio of trade to output. (JEL D91, F14, F60, I12, N30, N70, Z31)
Keyword:
INFECTIOUS-DISEASES
MATHEMATICAL-THEORY
TRADE
MODELS
EQUILIBRIUM
MIGRATION
GEOGRAPHY
EPIDEMIC
NETWORKS
INCOME
期刊
IF:
11.6
论文数:
5.0K
被引数:
7.5W
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分享收藏The impact of trade on intra-industry reallocations and aggregate industry productivity贸易对产业内再分配和产业总生产率的影响.png)
ECONOMETRICA
ECONOMETRICAIF7.1
PREAI
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