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An agent-based model of the interrelation between the COVID-19 outbreak and economic activities

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Kano, Takeshi, Yasui, Kotaro, Mikami, Taishi, Asally, Munehiro and Ishiguro, Akio (2021) An agent-based model of the interrelation between the COVID-19 outbreak and economic activities. Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences, 477 (2245). 20200604. doi:10.1098/rspa.2020.0604

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Official URL: http://dx.doi.org/10.1098/rspa.2020.0604

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Abstract

As of July 2020, COVID-19 caused by SARS-COV-2 is spreading worldwide, causing severe economic damage. While minimizing human contact is effective in managing outbreaks, it causes severe economic losses. Strategies to solve this dilemma by considering the interrelation between the spread of the virus and economic activities are urgently needed to mitigate the health and economic damage. Here, we propose an abstract agent-based model of the COVID-19 outbreak that accounts for economic activities. The computational simulation of the model recapitulates the trade-off between the health and economic damage associated with voluntary restraint measures. Based on the simulation results, we discuss how the macroscopic dynamics of infection and economics emerge from individuals’ behaviours. We believe our model can serve as a platform for discussing solutions to the above-mentioned dilemma.

Item Type: Journal Article
Subjects: H Social Sciences > HC Economic History and Conditions
R Medicine > RA Public aspects of medicine
Divisions: Faculty of Science > Life Sciences (2010- )
Library of Congress Subject Headings (LCSH): COVID-19 Pandemic, 2020- , COVID-19 Pandemic, 2020- -- Economic aspects, COVID-19 Pandemic, 2020- -- Econometric models
Journal or Publication Title: Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences
Publisher: The Royal Society Publishing
ISSN: 1364-5021
Official Date: 6 January 2021
Dates:
DateEvent
6 January 2021Published
3 December 2020Accepted
Volume: 477
Number: 2245
Article Number: 20200604
DOI: 10.1098/rspa.2020.0604
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Open Access
RIOXX Funder/Project Grant:
Project/Grant IDRIOXX Funder NameFunder ID
19KK0103[JSPS] Japan Society for the Promotion of Sciencehttp://dx.doi.org/10.13039/501100001691

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