The impact of pandemic and infectious diseases in economic growth: A neoclassical point of view
DOI:
https://doi.org/10.25097/rep.n35.2022.02Palabras clave:
Pandemic, Economic Growth, Richard Function, Poverty TrapsResumen
Desarrollamos un modelo de crecimiento neoclásico en el que introducimos la función de producción de Richard para describir el impacto de las enfermedades infecciosas y pandemias que afectan en la oferta. El modelo muestra que, en proporción al impacto exógeno, los países con un bajo nivel de desarrollo tecnológico en sus sectores productivos, reducen su productividad laboral y bajo ciertas condiciones pueden caer en una trampa de pobreza. Mientras que países con alto nivel de desarrollo tecnológico, también reducen su productividad laboral, pero tienen una rápida recuperación. Mostramos que la incorporación de tecnología moderna y las mejoras en capital humano son condiciones necesarias para salir de la trampa de pobreza.
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