Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises

This study examines the impact of the 2003 SARS epidemic on the total factor productivity (TFP) of Chinese industrial enterprises using a difference-in-differences (DID) approach. The results exhibit that SARS significantly reduces TFP by 3.12–5.81%, lasting for three to five years. Further, this im...

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Detalles Bibliográficos
Autores principales: Zhao, Hongjun, Chen, Na
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Published by Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9251906/
https://www.ncbi.nlm.nih.gov/pubmed/35813348
http://dx.doi.org/10.1016/j.asieco.2022.101507
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author Zhao, Hongjun
Chen, Na
author_facet Zhao, Hongjun
Chen, Na
author_sort Zhao, Hongjun
collection PubMed
description This study examines the impact of the 2003 SARS epidemic on the total factor productivity (TFP) of Chinese industrial enterprises using a difference-in-differences (DID) approach. The results exhibit that SARS significantly reduces TFP by 3.12–5.81%, lasting for three to five years. Further, this impact is heterogeneous across industries. A significantly negative impact is found in labor intensive industries, while capital and technology intensive industries is less affected. Contrarily, a significantly positive impact is observed in those industries necessary for life and production. Mechanism tests show that the impact on TFP is caused by a reduction in labour productivity and a decrease in innovation investment after SARS outbreak. This study highlights the importance of more targeted policy on Covid-19 and similar epidemics both in industrial, national and international level.
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spelling pubmed-92519062022-07-05 Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises Zhao, Hongjun Chen, Na J Asian Econ Article This study examines the impact of the 2003 SARS epidemic on the total factor productivity (TFP) of Chinese industrial enterprises using a difference-in-differences (DID) approach. The results exhibit that SARS significantly reduces TFP by 3.12–5.81%, lasting for three to five years. Further, this impact is heterogeneous across industries. A significantly negative impact is found in labor intensive industries, while capital and technology intensive industries is less affected. Contrarily, a significantly positive impact is observed in those industries necessary for life and production. Mechanism tests show that the impact on TFP is caused by a reduction in labour productivity and a decrease in innovation investment after SARS outbreak. This study highlights the importance of more targeted policy on Covid-19 and similar epidemics both in industrial, national and international level. Published by Elsevier Inc. 2022-10 2022-07-04 /pmc/articles/PMC9251906/ /pubmed/35813348 http://dx.doi.org/10.1016/j.asieco.2022.101507 Text en © 2022 Published by Elsevier Inc. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Zhao, Hongjun
Chen, Na
Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises
title Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises
title_full Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises
title_fullStr Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises
title_full_unstemmed Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises
title_short Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises
title_sort medium and long-term impact of sars on total factor productivity（tfp): empirical evidence from chinese industrial enterprises
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9251906/
https://www.ncbi.nlm.nih.gov/pubmed/35813348
http://dx.doi.org/10.1016/j.asieco.2022.101507
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AT chenna mediumandlongtermimpactofsarsontotalfactorproductivitytfpempiricalevidencefromchineseindustrialenterprises

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