Table 1.

Model parameter calibration.

Parameter	Connotation	Value
b	Birth rate	1.2%
d	Population mortality rate	0.7%
p	Discount rate	2.4%
a	Firm productivity	1.0
η	Capital share in production function	0.33
δk	Depreciation rate of productive capital	5%
δh	Health capital depreciation rate	5%
ξ	The government's efforts to prevent and control the spread of the virus	1.0
ζ	The government's initiative to investment in medical treatment	1.0