Studies from Indian Statistical Institute Add New Findings in the Area of Infectious Diseases and Conditions (A Novel Attempt To Describe the Impact of Infectious Disease On the Nation's Economy: an Illustration Through the Econo-epidemics Model).

A recent study conducted by researchers at the Indian Statistical Institute explores the impact of infectious diseases on a nation's economy. The researchers developed an econo-epidemics model that combines epidemiological factors with economic growth functions to analyze the effects of infectious diseases on the economy. The study includes numerical experiments and analysis of capital data to provide insights into the potential economic consequences of infectious diseases. The findings of this research can inform the development of policies and schemes to mitigate economic disasters and promote a resilient economy in the face of pandemics. [Extracted from the article]