 The Impact of SARS Epidemic and Financial Crisis on China’s Economy Structure Referenced to the Potential Impact of COVID-19Hai Long and Jianzhi Zhao Bulletin of Applied Economics, 2021, vol. 8, issue 1, 97-108 Abstract: This empirical study employs regression models to investigate some deep economic determinants, such as human capital, business environment, to investigate what extent China’s economy structure is likely hit by SARS epidemic in 2003 and global financial crisis in 2008. It finds that China’s economy structure is unchanged after the hits, the deep economy determinants and GDP remain upward. Human capital accumulation is the significant deep factor, and both SARS epidemic and financial crisis have no impact on the long-run factor, accordingly, China’s economy growth is sustainable. It suggests further human capital including labor quantity and education is currently the most significant determinants for China’s economy sustainability, followed by the upgrading business environment. The evidence based on SARS and financial crisis may have certain reference value to estimate the potential impact of COVID-19 on China’s economy structure in the future. Keywords: COVID-19; SARS epidemic; Financial crisis; Economy structure; Deep determinants (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:rmk:rmkbae:v:8:y:2021:i:1:p:97-108 Access Statistics for this article Bulletin of Applied Economics is currently edited by Eleftherios Spyromitros More articles in Bulletin of Applied Economics from Risk Market Journals |
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