Quantitative Effects of COVID-19 Pandemic Containment PoliciesQuantitative Effects of COVID-19 Pandemic Containment Policies
- Other Titles
- Quantitative Effects of COVID-19 Pandemic Containment Policies
- Authors
- 김범수; 김선빈; 박상수
- Issue Date
- 2022
- Publisher
- 한국경제연구학회
- Keywords
- extended SEIR model; COVID-19; asymptomatic cases
- Citation
- Korea and the World Economy, v.23, no.2, pp 77 - 89
- Pages
- 13
- Journal Title
- Korea and the World Economy
- Volume
- 23
- Number
- 2
- Start Page
- 77
- End Page
- 89
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/144136
- Abstract
- Countries are implementing containment policies to fight the coronavirus 2019 pandemic. We extend the susceptible-exposed-infectious-recovered (SEIR) model to include asymptomatic cases, which account for around 20%. We consider the cumulative confirmed and death cases in Italy and South Korea for our model estimation. The data for Italy, collated up to March 14, 2020, are not affected by any containment policy, whereas the data for South Korea collated up to the end of April 2020 reflect four containment policies: social distancing, preemptive quarantine, testing and quarantine of symptomatic or asymptomatic patients. Our policy experiments show that the testing and quarantine of symptomatic patients are very effective to contain, but not enough to extinguish, the epidemic. Thus, testing and quarantine should include the asymptomatic cases as well.
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Collections - College of Political Science & Economics > Department of Economics > 1. Journal Articles
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