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Struggling the pandemic crises as a global public good: the economic implications of pandemics

Cilt: 13 Sayı: 4 1 Ekim 2020
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Struggling the pandemic crises as a global public good: the economic implications of pandemics

Öz

Public goods which have the features of nonrivalry in consumption and nonexcludability have positive externalaties spreading the large masses, and also cover negative externalaties (public bads) not to damage the environment, health and so on. Cross-border spillover effects of externalaties actually make the public goods convert to global public goods. In this sense, struggling the pandemics is a most crucial global public good which does not only impact human life but also prevents the collapse of national economies. Pandemics slow the pace of economic growth as well as increasing the loss of workforce. Governments employ a balance between the increase in spread of disease and mortality, and economic stability. This paper attempts to explain the whole story of the pandemics and their economic implications by giving examples from literature. Main finding resulted from the papers written on this issue is that pandemics exacerbate the national economies through different channels. Developed and developing countries should take the pandemics into account as a regressive power or obstacle in front of economic growth and stability of state budgets, strongly collaborate against pandemic as a naturel disaster, support their healthcare systems and be ready for these kinds of disasters.

Anahtar Kelimeler

Pandemics, Health, Global Public Goods

Kaynakça

  1. Alfaro, L, Chari, A., Greenland , A. N. & Schott, P. K. (2020). Aggregate and Fırm-Level Stock Returns During Pandemics, in Real Time, NBER Working Paper Series, No: 26950, https://www.nber.org/papers/w26950.pdf (05.04.2020).
  2. Arsan, H. Ü. (1992). ‘‘Kamu Maliyesi Alanında Yeni Bir İnceleme Konusu: Uluslararası Kamusal Mallar’’, Ankara Üniversitesi S. B. F. Dergisi, C. 47, S. 1
  3. Atkeson, A. (2020). What will be the Economic Impact of Covıd-19 in the US? Rough Estimates of Disease Scenarios, NBER Working Paper Series, No: 26867, https://www.nber.org/papers/w26867.pdf (05.04.2020).
  4. Baker, S. R., Farrokhnia, R.A., Meyer, S., Pagel, M. & Yannelis, C. (2020). How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic, NBER Working Paper Series, No: 26949, https://www.nber.org/papers/w26949.pdf (15.04.2020).
  5. Barro, R. J. & Ursúa, J. F. (2012). Rare Macroeconomic Disasters, Annual Review of Economics, Vol. 4, pp. 83-109, https://www.jstor.org/stable/42949932 (12.04.2020).
  6. Barro, R. J., Ursúa, J. F. & Weng, J. (2020). The Coronavirus and the Great Influenza Pandemic: Lessons from the “Spanish Flu” for the Coronavirus’s Potential Effects On Mortality and Economic Activity, NBER Working Paper Series, No: 26866, https://www.nber.org/papers/w26866.pdf (15.04.2020).
  7. Barrot, J. N., Grassi, B. & Sauvagnat, J. (2020). Sectoral Effects of Social Distancing, Centre for Economic Policy Research, Issue 3, pp. 89-107, https://cepr.org/sites/default/files/news/CovidEconomics3.pdf (15.04.2020).
  8. Beutels, P., Jia, N., Zhou, QY., Smith, R., Cao, WC., & de Vlas, S. J. (2009). The economic impact of SARS in Beijing, China, Tropical Medicine and International Health, Vol 14. Issue I, pp. 85-91. https://onlinelibrary.wiley.com/doi/epdf/10.1111/j.1365-3156.2008.02210.x (15.04.2020).
  9. Bloom, D. E. & Mahal, A. S. (1997). Does The AIDS Epidemic Threaten Economic Growth?, Journal of Econometrics, 77, pp. 105-124.
  10. Boucekkine, R., Diene, B. & Azomahou, T. (2008). Growth Economics of Epidemics: A Review of the Theory, Mathematical Population Studies, Vol. 15, Issue:1, pp.1-26,

Kaynak Göster

APA
Güler, H. (2020). Struggling the pandemic crises as a global public good: the economic implications of pandemics. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 13(4), 758-775. https://doi.org/10.25287/ohuiibf.730281
AMA
1.Güler H. Struggling the pandemic crises as a global public good: the economic implications of pandemics. ÖHÜİİBFD. 2020;13(4):758-775. doi:10.25287/ohuiibf.730281
Chicago
Güler, Hünkar. 2020. “Struggling the pandemic crises as a global public good: the economic implications of pandemics”. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 13 (4): 758-75. https://doi.org/10.25287/ohuiibf.730281.
EndNote
Güler H (01 Ekim 2020) Struggling the pandemic crises as a global public good: the economic implications of pandemics. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 13 4 758–775.
IEEE
[1]H. Güler, “Struggling the pandemic crises as a global public good: the economic implications of pandemics”, ÖHÜİİBFD, c. 13, sy 4, ss. 758–775, Eki. 2020, doi: 10.25287/ohuiibf.730281.
ISNAD
Güler, Hünkar. “Struggling the pandemic crises as a global public good: the economic implications of pandemics”. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 13/4 (01 Ekim 2020): 758-775. https://doi.org/10.25287/ohuiibf.730281.
JAMA
1.Güler H. Struggling the pandemic crises as a global public good: the economic implications of pandemics. ÖHÜİİBFD. 2020;13:758–775.
MLA
Güler, Hünkar. “Struggling the pandemic crises as a global public good: the economic implications of pandemics”. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 13, sy 4, Ekim 2020, ss. 758-75, doi:10.25287/ohuiibf.730281.
Vancouver
1.Hünkar Güler. Struggling the pandemic crises as a global public good: the economic implications of pandemics. ÖHÜİİBFD. 01 Ekim 2020;13(4):758-75. doi:10.25287/ohuiibf.730281