{"title":"Global COVID-19 under-reporting: A Tobit model","authors":"Subal C. Kumbhakar , Yulu Wang","doi":"10.1016/j.econmod.2024.106917","DOIUrl":null,"url":null,"abstract":"<div><div>During the COVID-19 pandemic, the precision in reporting infectious cases and fatalities presents significant challenges, exacerbated by rapid transmission rates and overburdened healthcare infrastructures. Officially reported cases occasionally exhibit zero increments, which is likely to be under-reported. Some models exclude zero values from the sample, creating a sample selectivity problem. In contrast, alternative models substitute zero values with a constant to enable logarithmic transformations. Since both modeling approaches are wrong, in this study, we address this issue by extending the Tobit model to account for both under-reporting and random noise. Analyzing data from 61 countries between January 1, 2020, and November 3, 2020, we explore external factors that explain country-specific under-reporting. Our findings confirm the existence of under-reporting across countries and reveal that cases reported with zero increments actually involve non-zero infectious instances. This novel methodology enriches future under-reporting analyses.</div></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":"141 ","pages":"Article 106917"},"PeriodicalIF":4.2000,"publicationDate":"2024-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Modelling","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0264999324002748","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
During the COVID-19 pandemic, the precision in reporting infectious cases and fatalities presents significant challenges, exacerbated by rapid transmission rates and overburdened healthcare infrastructures. Officially reported cases occasionally exhibit zero increments, which is likely to be under-reported. Some models exclude zero values from the sample, creating a sample selectivity problem. In contrast, alternative models substitute zero values with a constant to enable logarithmic transformations. Since both modeling approaches are wrong, in this study, we address this issue by extending the Tobit model to account for both under-reporting and random noise. Analyzing data from 61 countries between January 1, 2020, and November 3, 2020, we explore external factors that explain country-specific under-reporting. Our findings confirm the existence of under-reporting across countries and reveal that cases reported with zero increments actually involve non-zero infectious instances. This novel methodology enriches future under-reporting analyses.
期刊介绍:
Economic Modelling fills a major gap in the economics literature, providing a single source of both theoretical and applied papers on economic modelling. The journal prime objective is to provide an international review of the state-of-the-art in economic modelling. Economic Modelling publishes the complete versions of many large-scale models of industrially advanced economies which have been developed for policy analysis. Examples are the Bank of England Model and the US Federal Reserve Board Model which had hitherto been unpublished. As individual models are revised and updated, the journal publishes subsequent papers dealing with these revisions, so keeping its readers as up to date as possible.