英文摘要 |
Since the end of 2019, COVID-19 has developed into a global pandemic. This unprecedented catastrophe not only created mass casualties but also devastated the world’s economy. The scope of the impact of the virus is immense: it limits the ways of life, distorts the private consumption and business production, and it has severely affected the economy. To response to the COVID-19 crisis, countries across the globe attempt to minimize the economic loss with high budget fiscal measures, including Taiwan. The national pandemic response of Taiwan has effectively controlled the spread of COVID-19. Besides gaining international recognition on its pandemic response, the Taiwanese government also budgeted 1.05 trillion New Taiwanese Dollar (approx. 3 trillion and 750 billion yen) for the virus prevention and the COVID-19 economic stimulus package. The purpose of this research is to evaluate the effect of these economic policies with the Dynamic Input-Output Model. The model is used to predict the output of the employed population through the analysis of the overall economy, the business operations, and the returns of labor force income. With the outcome of the research, we can further examine the impact of COVID-19 on the global system of the division of labor. |