Estimating the Economic Costs of Antimicrobial Resistance
Dec 11, 2014
Model and Results
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The independent Review on AMR led by the economist Jim O'Neill commissioned RAND Europe to conduct a study estimating the global costs of antimicrobial resistance until 2050 in the absence of any progress in tackling the challenge. We developed a general equilibrium model, which calculated the extent of losses to the world economy caused by decreases in the supply of labour resulting from resistant hospital acquired infections and selected major infectious diseases (HIV, TB, malaria). Our approach incorporated a set of seven scenarios with varying rates of future resistance, time of onset of increases in resistance, and availability of effective second-line therapy.
Conceptual approach and scope of the study
Method: A dynamic general equilibrium model
Applying the theoretical model to AMR
Sensitivity analyses and additional calculations
Detailed discussion of health data components
Detailed description of the economic data: social accounting matrix
Summary of assumptions and limitations
The research described in this report was prepared for the Independent Review on Antimicrobial Resistance and conducted by RAND Europe.
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