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Calculating the middle course between the risk of infection and recession

Published on 28. Juli 2020
Bielefeld economists develop computer model for coronavirus measures

Economist Professor Dr Herbert Dawid and his research group have developed a model that examines the economic consequences of different containment measures implemented during the COVID-19 crisis and the impact of these measures on the number of cases. Photo: Bielefeld University/Philipp Ottendörfer
How do the restrictions imposed by the coronavirus crisis impact the economy? What measures are suitable to minimise the number of people infected and killed by SARS-CoV-2? And how are these two dynamics related? Academics at Bielefeld University have investigated this and now published their findings in a study. Using a computer model with high predictive power, they simulated how the virus spreads and the effects of different containment measures—both on gross domestic product and unemployment figures as well as on the number of people infected and those who die of Covid-19.

 

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Posted by FFollmer in General