Advanced Search
MyIDEAS: Login to save this article or follow this journal

Economic Impact of SARS: The Case of Hong Kong

Contents:

Author Info

  • Alan Siu

    (Associate Professor School of Economics and Finance The University of Hong Kong K. K. Leung Building Room 1021 Pokfulam Road Hong Kong, SAR, China)

  • Y. C. Richard Wong

    (Professor of Economics and Dean Faculty of Business and Economics The University of Hong Kong Meng Wah Complex, 7/F Pokfulam Road Hong Kong, SAR, China)

Registered author(s):

    Abstract

    SARS is the first deadly infectious disease of the 21st century. It started in the Chinese province of Guangdong in November 2002, and by August 2003, it had spread to 29 countries and 3 regions, with a cumulative total of 8,422 cases and 916 deaths. This paper describes the spread of the disease in Hong Kong and discusses its impact on the economy. SARS was an unexpected negative shock. The most significant negative effects were on the demand side, with local consumption and the export of services related to tourism and air travel severely affected in the short run. The economy did not experience a supply shock, as the manufacturing base in the Pearl River Delta was unaffected, and goods continued to be exported through Hong Kong normally. Initial alarmist reports and estimates about the negative economic impacts were not borne out. Fear and panic subsided quickly once the outbreak was under control, and the economy rebounded rapidly. Copyright (c) 2004 Center for International Development and the Massachusetts Institute of Technology.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.mitpressjournals.org/doi/pdfplus/10.1162/1535351041747996
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by MIT Press in its journal Asian Economic Papers.

    Volume (Year): 3 (2004)
    Issue (Month): 1 ()
    Pages: 62-83

    as in new window
    Handle: RePEc:tpr:asiaec:v:3:y:2004:i:1:p:62-83

    Contact details of provider:
    Web page: http://mitpress.mit.edu/journals/

    Order Information:
    Web: http://www.mitpressjournals.org/loi/asep

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:tpr:asiaec:v:3:y:2004:i:1:p:62-83. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.