Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/229490
Authors: 
Jinjarak, Yothin
Noy, Ilan
Ta, Quy
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8672
Abstract: 
We evaluate the 1968 H3N2 Flu pandemic’s economic cost in a cross-section of 52 countries. Using excess mortality rates as a proxy for the country-specific severity of the pandemic, we find that the average mortality rate (0.0062% per pandemic wave) was associated with declines in consumption (-1.9%), investment (-1.2%), output (-2.4%), and productivity (-1.9%). Our main findings highlight the role of both negative demand-side and supply-side shocks in the flu pandemic’s aftermath.
Subjects: 
output loss
productivity
pandemics
Hong Kong Flu
H3N2
JEL: 
E65
I15
Q54
Document Type: 
Working Paper

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