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1、SARS对中国物流阻碍研究报告(SARSandChinaLogistics)PartIEconomicImpactsIntroductionTherecentoutbreakofSevereAcuteRespiratorySyndrome(SARS)hasthreatenedshort-termgrowthprospectsinAsia.Asof5May2003,SARShasinfectedmorethan6,500peopleworldwide,andcausedmountingc
2、oncern.AnumberofEastandSoutheastAsianeconomies,includingPeople’sRepublicofChina(PRC);HongKong,China;Singapore;Taipei,China;andVietNamhavebeenputunderconsiderablestrain.Theepidemichasalsoaffectedothereconomies,althoughtoalesserextent.Somepositivedevelopm
3、entsandimprovedpublichealthmeasuresinrecentweekshaveaddedweighttoargumentsthatSARS,althoughserious,willcauseonlyatemporaryshocktoeconomicgrowth.However,theimplicationsstemmingfromSARSextendbeyondtheshort-termhorizon.TheimpactofSARS,andreactionstoit,ra
4、isemanyquestions.Twoareparticularlyimportant:(i)WhyhasattentiontoSARSbeensoprominentgivenitsrelativelylowmorbidityandmortality?(ii)Howshouldgovernmentsdealwithunexpectedshocksrelatedtotheoutbreakofcontagiousdiseases?Thisbriefassessestheeconomici
5、mpactofSARSinanumberofEastandSoutheastAsianeconomiesandexplorestheseissues.Short-termEconomicImpactofSARSChannelsthroughwhichtheImpactofSARSisFeltIntheshortterm,SARSmainlyaffectseconomicgrowthbyreducingdemand:(i)Consumerconfidencehasdramatically
6、declinedinanumberofeconomies,leadingtoasignificantreductioninprivateconsumptionspending.MuchoftheimpactstemsfromthegreatuncertaintyandfeargeneratedbySARS.Peoplehaveoptedtostayathometoreducetheprobabilityofinfection.(ii)Serviceexports,inparticulartouri
7、sm-relatedexports,havebeenhardhit.(iii)Investmentisaffectedbyreducedoveralldemand,heighteneduncertainties,andincreasedrisks.Excesscapacitywillemergeorincrease.Furthermore,foreigninvestmentinflowmaybedelayedorreducedinreactiontoSARS.(iv)Whileincrease
8、dgovernmentspendingwillmitigatetheimpact,theabilityofgovernmentstoreviveeconomiesfacingwidespreadreductionsinprivatespendingislimited.AlthoughSARShasaffectedeverycomponentofaggregatedemand,privateconsumptionhasparticularlyborneth