{"title":"A Note on the Role of Cultural, Institutional, and Urbanization Features in the COVID-19 Pandemic","authors":"Pengfei Li, Ming Lu, Yilin Zheng","doi":"10.1162/asep_a_00798","DOIUrl":null,"url":null,"abstract":"Countries have taken different approaches to controlling COVID-19. Analyzing the costs and benefits of different policies, Sachs (2020) has concluded that the total cost of using either low-cost epidemic control measures (e.g., hygiene, testing/tracing/isolating, travel restrictions) or high-cost control measures (e.g., economic shutdown) is lower than the cost of not controlling the epidemic at all. Sachs also found that low-cost policies in the AsiaPacific region are more effective than high-cost ones in the North Atlantic region. Sachs has therefore proposed that the North Atlantic region should learn from the best low-cost practices of the Asia-Pacific region in suppressing the COVID-19 epidemic.","PeriodicalId":52020,"journal":{"name":"Asian Economic Papers","volume":"20 1","pages":"60-70"},"PeriodicalIF":5.3000,"publicationDate":"2020-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Economic Papers","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1162/asep_a_00798","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 2
Abstract
Countries have taken different approaches to controlling COVID-19. Analyzing the costs and benefits of different policies, Sachs (2020) has concluded that the total cost of using either low-cost epidemic control measures (e.g., hygiene, testing/tracing/isolating, travel restrictions) or high-cost control measures (e.g., economic shutdown) is lower than the cost of not controlling the epidemic at all. Sachs also found that low-cost policies in the AsiaPacific region are more effective than high-cost ones in the North Atlantic region. Sachs has therefore proposed that the North Atlantic region should learn from the best low-cost practices of the Asia-Pacific region in suppressing the COVID-19 epidemic.
期刊介绍:
The journal Asian Economic Papers (AEP) is supported by several prominent institutions, including the Center for Sustainable Development at Columbia University in the United States. This shows that there is a strong emphasis on sustainable development within the journal's scope. Additionally, the Korea Institute for International Economic Policy in South Korea, the UN Sustainable Development Solutions Network (SDSN) in Malaysia, and the Economic Research Institute for ASEAN and East Asia in Indonesia also sponsor AEP. The articles published in AEP focus on conducting thorough and rigorous analyses of significant economic issues pertaining to specific Asian economies or the broader Asian region. The aim is to gain a deeper understanding of these issues and provide innovative solutions. By offering creative solutions to economic challenges, AEP contributes to the discourse and policymaking that impact the Asian economies and region as a whole.