Cross-Regional Heterogeneity in Health and Economic Outcomes during the COVID-19 Pandemic: An Analysis of Japan

Taisuke Nakata, Daisuke Fujii, Shotaro Beppu, Kohei Machi, Yuta Maeda, Hiroyuki Kubota and Haruki Shibuya

No e190, Working Papers from Tokyo Center for Economic Research

Abstract: Health and macroeconomic outcomes varied substantially across prefectures in Japan during the COVID-19 crisis. Using an estimated macro-epidemiological model as well as the idea of revealed preference, we compute the marginal rate of substitution (MRS) and the conditional trade-off curve between health and economic outcomes in each prefecture. We find that there is a large heterogeneity in the MRS as well as the location and shape of the conditional trade-off curve.

Pages: 21 pages
Date: 2023-12
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Related works:
Journal Article: Cross-regional heterogeneity in health and economic outcomes during the COVID-19 pandemic: An analysis of Japan (2023)
Working Paper: Cross-Regional Heterogeneity in Health and Economic Outcomes during the COVID-19 Pandemic: An Analysis of Japan (2022)
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