英文摘要 |
The outbreak of Severe Acute Respiratory Syndrome (SARS) in 2003 resulted in significant losses to the tourism and tourism-related industries in China, Hong Kong, Singapore, and Taiwan. Through inter-industry feedback effects, the economic impacts of SARS not only affect the tourism-related services industries, but also other industries and the whole economy. There have been a number of ex ante studies that have quantified the potential impacts of SARS on Taiwan’s economy (e.g., Chou et al. 2003, Wu et al. 2003). This article provides an ex post economy-wide assessment of the SARS impacts on Taiwan. Themodel used is a dynamic, computable general equilibrium(CGE)model of the Taiwan’s economy (TAIGEM-D),which is derived fromthe AustralianORANImodel and the MONASHmodel. To provide an ex post evaluation, we use historical closure and decomposition closure originally from MONASH innovations. Comparisons with other ex ante SARS impact assessments are also provided. Results indicate that only a fewindustries likemedicines, medical health services and precision instruments benefited fromSARS, while almost all other industries in Taiwan suffered with output losses as well as employment and welfare reductions. Loss to gross domestic product (GDP) of Taiwan is estimated to be between 0.84 and 1.61 percent which is much bigger than that predicted by the previous ex ante studies. |