An Economy-wide Analysis of Impacts of Avian Flu Pandemic on Taiwan
This study analyzes the potential consequences of an outbreak of avian influenza (H5N1) on Taiwan’s macro economy and individual industries. Both the Input-Output (IO) Analysis Model and Computable General Equilibrium (CGE) Model are used to simulate the possible damage brought by lowering domestic...
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ftagecon:oai:ageconsearch.umn.edu:331901 2024-09-15T17:56:48+00:00 An Economy-wide Analysis of Impacts of Avian Flu Pandemic on Taiwan Chang, Ching-Cheng Lee, Duu-Hwa Lin, Hsin-Chun Hsu, Shih-Shun 2023-03-03T21:29:12Z http://ageconsearch.umn.edu/record/331901 https://ageconsearch.umn.edu/record/331901/files/4258.pdf eng eng https://ageconsearch.umn.edu/record/331901/files/4258.pdf http://ageconsearch.umn.edu/record/331901 http://ageconsearch.umn.edu/record/331901 Text 2023 ftagecon 2024-07-05T14:24:30Z This study analyzes the potential consequences of an outbreak of avian influenza (H5N1) on Taiwan’s macro economy and individual industries. Both the Input-Output (IO) Analysis Model and Computable General Equilibrium (CGE) Model are used to simulate the possible damage brought by lowering domestic consumption, export, and labor supply. The simulation results indicates that if the disease is confined within the poultry sector, then the impact on real GDP is around -0.01%~-0.14%. Once it becomes a human-to-human pandemic, the IO analysis suggests that the potential impacts on real GDP would be as much as -3.69%~-5.97% while labor demand would decrease 4.05%~5.73%. In the CGE analysis, which allows for resource mobility and substitutions through price adjustments, the real GDP and labor demand would contract 2.39%~3.83% and 1.25%~1.49%, respectively, and bringing down consumer prices by 2.52%~4.55%. As for the individual sector, the outbreak will not only damage the poultry sector and its upstream and downstream industries, but also affect the service sectors including wholesale, retail, trade, air transportation, hotels, restaurants, as well as healthcare services. These results can be used to support public investment in animal disease control programs and strengthen the international cooperation and surveillance in reducing the spread of the disease. Text Avian flu AgEcon Search - Research in Agricultural & Applied Economics |
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This study analyzes the potential consequences of an outbreak of avian influenza (H5N1) on Taiwan’s macro economy and individual industries. Both the Input-Output (IO) Analysis Model and Computable General Equilibrium (CGE) Model are used to simulate the possible damage brought by lowering domestic consumption, export, and labor supply. The simulation results indicates that if the disease is confined within the poultry sector, then the impact on real GDP is around -0.01%~-0.14%. Once it becomes a human-to-human pandemic, the IO analysis suggests that the potential impacts on real GDP would be as much as -3.69%~-5.97% while labor demand would decrease 4.05%~5.73%. In the CGE analysis, which allows for resource mobility and substitutions through price adjustments, the real GDP and labor demand would contract 2.39%~3.83% and 1.25%~1.49%, respectively, and bringing down consumer prices by 2.52%~4.55%. As for the individual sector, the outbreak will not only damage the poultry sector and its upstream and downstream industries, but also affect the service sectors including wholesale, retail, trade, air transportation, hotels, restaurants, as well as healthcare services. These results can be used to support public investment in animal disease control programs and strengthen the international cooperation and surveillance in reducing the spread of the disease. |
format |
Text |
author |
Chang, Ching-Cheng Lee, Duu-Hwa Lin, Hsin-Chun Hsu, Shih-Shun |
spellingShingle |
Chang, Ching-Cheng Lee, Duu-Hwa Lin, Hsin-Chun Hsu, Shih-Shun An Economy-wide Analysis of Impacts of Avian Flu Pandemic on Taiwan |
author_facet |
Chang, Ching-Cheng Lee, Duu-Hwa Lin, Hsin-Chun Hsu, Shih-Shun |
author_sort |
Chang, Ching-Cheng |
title |
An Economy-wide Analysis of Impacts of Avian Flu Pandemic on Taiwan |
title_short |
An Economy-wide Analysis of Impacts of Avian Flu Pandemic on Taiwan |
title_full |
An Economy-wide Analysis of Impacts of Avian Flu Pandemic on Taiwan |
title_fullStr |
An Economy-wide Analysis of Impacts of Avian Flu Pandemic on Taiwan |
title_full_unstemmed |
An Economy-wide Analysis of Impacts of Avian Flu Pandemic on Taiwan |
title_sort |
economy-wide analysis of impacts of avian flu pandemic on taiwan |
publishDate |
2023 |
url |
http://ageconsearch.umn.edu/record/331901 https://ageconsearch.umn.edu/record/331901/files/4258.pdf |
genre |
Avian flu |
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Avian flu |
op_source |
http://ageconsearch.umn.edu/record/331901 |
op_relation |
https://ageconsearch.umn.edu/record/331901/files/4258.pdf http://ageconsearch.umn.edu/record/331901 |
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