The Potential Economic Impact 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:9803 2023-05-15T15:34:18+02:00 The Potential Economic Impact of Avian Flu Pandemic on Taiwan Chang, Ching-Cheng Lee, Duu-Hwa Lin, Hsin-Chun Hsu, Shih-Shun 2007 21 application/pdf http://purl.umn.edu/9803 English en eng AgEcon Search American Agricultural Economics Association>2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon Selected paper 174441 26218 http://purl.umn.edu/9803 Avian Flu Pandemic Input-output Model Computable General Equilibrium Model Livestock Production/Industries Conference Paper or Presentation 2007 ftagecon 2012-09-12T16:29:35Z 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 -0.1%~-0.4%. Once it becomes a human-to-human pandemic, the IO analysis suggests that the potential impacts on real GDP would be as much as -4.2%~-5.9% while labor demand would decrease 4.9%~6.4%. In the CGE analysis, which allows for resource mobility and substitutions through price adjustments, the real GDP and labor demand would contract 2.0%~2.4% and 2.2%~2.4%, respectively, and bringing down consumer prices by 3%. 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, restaurants, as well as healthcare services. These results can be used to support public investment in animal disease control measures. Conference Object Avian flu AgEcon Search - Research in Agricultural & Applied Economics |
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AgEcon Search - Research in Agricultural & Applied Economics |
op_collection_id |
ftagecon |
language |
English |
topic |
Avian Flu Pandemic Input-output Model Computable General Equilibrium Model Livestock Production/Industries |
spellingShingle |
Avian Flu Pandemic Input-output Model Computable General Equilibrium Model Livestock Production/Industries Chang, Ching-Cheng Lee, Duu-Hwa Lin, Hsin-Chun Hsu, Shih-Shun The Potential Economic Impact of Avian Flu Pandemic on Taiwan |
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Avian Flu Pandemic Input-output Model Computable General Equilibrium Model Livestock Production/Industries |
description |
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 -0.1%~-0.4%. Once it becomes a human-to-human pandemic, the IO analysis suggests that the potential impacts on real GDP would be as much as -4.2%~-5.9% while labor demand would decrease 4.9%~6.4%. In the CGE analysis, which allows for resource mobility and substitutions through price adjustments, the real GDP and labor demand would contract 2.0%~2.4% and 2.2%~2.4%, respectively, and bringing down consumer prices by 3%. 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, restaurants, as well as healthcare services. These results can be used to support public investment in animal disease control measures. |
format |
Conference Object |
author |
Chang, Ching-Cheng Lee, Duu-Hwa Lin, Hsin-Chun Hsu, Shih-Shun |
author_facet |
Chang, Ching-Cheng Lee, Duu-Hwa Lin, Hsin-Chun Hsu, Shih-Shun |
author_sort |
Chang, Ching-Cheng |
title |
The Potential Economic Impact of Avian Flu Pandemic on Taiwan |
title_short |
The Potential Economic Impact of Avian Flu Pandemic on Taiwan |
title_full |
The Potential Economic Impact of Avian Flu Pandemic on Taiwan |
title_fullStr |
The Potential Economic Impact of Avian Flu Pandemic on Taiwan |
title_full_unstemmed |
The Potential Economic Impact of Avian Flu Pandemic on Taiwan |
title_sort |
potential economic impact of avian flu pandemic on taiwan |
publisher |
AgEcon Search |
publishDate |
2007 |
url |
http://purl.umn.edu/9803 |
genre |
Avian flu |
genre_facet |
Avian flu |
op_relation |
American Agricultural Economics Association>2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon Selected paper 174441 26218 http://purl.umn.edu/9803 |
_version_ |
1766364748166725632 |