Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2134904
Infectious disease control and its economic gains in a pandemic: the case of South Korea
Youngjae Lee
Junho Jang
SungJu Song
Sažetak
We investigate the role of the infectious disease control (IDC) system
in curbing the spread of infectious disease and preventing economic
damage during the COVID-19 pandemic. To this end, we propose
incorporating a clustering analysis into the synthetic control method.
This contributes to constructing a homogeneous donor pool, which
is necessary for an unbiased treatment effect estimator. South
Korea’s effective IDC system, the so-called K-Quarantine, is estimated
to have reduced the number of disease infections and to have prevented
a 3.6% loss of GDP and a 0.3%p rise in the unemployment
rate in South Korea in 2020. These results are robust in an alternative
reduced-form regression analysis under various specifications.
Ključne riječi
Covid-19; infectious disease control; K-quarantine; synthetic control; clustering analysis
Hrčak ID:
306688
URI
Datum izdavanja:
30.4.2023.
Posjeta: 121 *