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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 ISSN 1364-5021.
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Official URL: http://dx.doi.org/10.1098/rspa.2020.0604
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 | ||||||
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| Subjects: | H Social Sciences > HC Economic History and Conditions R Medicine > RA Public aspects of medicine |
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| Divisions: | Faculty of Science, Engineering and Medicine > 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: |
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| 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 (Creative Commons) | ||||||
| Date of first compliant deposit: | 9 March 2021 | ||||||
| Date of first compliant Open Access: | 10 March 2021 | ||||||
| RIOXX Funder/Project Grant: |
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