Economic impact of SARS: the case of Hong Kong

A Siu, YCR Wong - Asian Economic Papers, 2004 - MIT Press
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 …