How Does Pandemics Impact Economic Growth

Menghan Huang ； Siyu Hao ； Zhehao Cai

《Frontiers in Economics and Management》 1卷10期 (2020/10) Pp. 25-34

https://doi.org/10.6981/FEM.202010_1(10).0005

摘要

Pandemics like H1N1 and Coronavirus is not only affecting people's life, but also the economy. Human capital is the part that is affected the most. When people are sick, most of the job's quality including efficiency, and the quality of work will be impacted negatively. Also, the worker's health condition is getting affected too. A great health condition is very important for everyone. When the workers are sick, elaborative faculty, efficiency of operations, and communicative competence will be changed. The education for the younger generation is critical too. When the education gets affected, not only the learning cost will increase, but also the opportunity costs, and efficiency cost will increase too. Owing to the high percentage of unemployment and decrease in the quality of labor, the productivity gets reduced rapidly, which will finally cause the economy to go down. Provided pandemic examples like the Coronavirus to support the objective and data on how the pandemics will impact the economy. Together, these finding suggests that the pandemics will cause a negative impact to the economy by affecting the productivity, health conditions, and education.

關鍵字

H1N1 ； Coronavirus ； Solow Model

參考文獻

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