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Abstract
This paper develops a mathematical model to measure the economic losses from COVID-19 in the Philippines, considering the trade-off between health and economic policies. The model extends a subnational SEIR model to include economic losses due to infection and lockdown measures. Simulations across five regions show a policy trade-off in the National Capital Region (NCR), where minimum economic losses (10.66% of GRDP) are found under specific lockdown scenarios. Regions outside NCR do not show this trade-off, highlighting the importance of improving health system capacity to broaden policy options.
Publisher
Humanities & Social Sciences Communications
Published On
Apr 04, 2022
Authors
Elvira P. de Lara-Tuprio, Maria Regina Justina E. Estuar, Joselito T. Sescon, Cymon Kayle Lubangco, Rolly Czar Joseph T. Castillo, Timothy Robin Y. Teng, Lenard Paulo V. Tamayo, Jay Michael R. Macalalag, Gerome M. Vedeja
Tags
COVID-19
economic losses
health policies
SEIR model
Philippines

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