Macroeconomics of the Great Influenza Pandemic, 1918-1920

被引：7

作者：

Barro, Robert J. ^{[1
]}

Ursua, Jose F. ^{[2
]}

Weng, Joanna ^{[3
]}

机构：

[1] Harvard Univ, Cambridge, MA USA

[2] Dodge & Cox, San Francisco, CA USA

[3] Dartmouth Coll, Tuck Sch Business, Hanover, NH USA

来源：

RESEARCH IN ECONOMICS | 2022年 / 76卷 / 01期

基金：

美国国家卫生研究院;

关键词：

Great Influenza Pandemic; Economic growth; Mortality; MORTALITY; CRISES;

D O I：

10.1016/j.rie.2022.01.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Data for 48 countries during the Great Influenza Pandemic imply flu-related deaths in 1918-1920 of 40 million, 2.1 percent of world population, implying 160 million deaths when applied to current population. Regressions with annual information on flu deaths 1918-1920 and war deaths during WWI imply flu-generated economic declines for GDP and consumption in the typical country of 6 and 8 percent, respectively. Higher flu death rates also decreased realized real returns on stocks and, especially, on short-term government bills.

引用

页码：21 / 29

页数：9

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