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首页> 外文期刊>Journal of Asian Economics >Fiscal and social costs of recovery programs for an earthquake disaster in northern Taiwan
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Fiscal and social costs of recovery programs for an earthquake disaster in northern Taiwan

机译：台湾北部地震灾害的财政和社会成本

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AbstractWe investigate the long-run disaster impact of an earthquake hitting northern Taiwan with a nuclear power plant shutdown and the costs and effectiveness of recovery programs using a dynamic computable general equilibrium model. We simulate the losses of capital and labor from the disaster with a nuclear power plant shutdown and then conduct policy experiments of the recovery of Taiwan’s three major industries by subsidizing their output or capital use. We find that the semiconductor and electronic equipment sectors could recover with the aid of subsidies. In contrast, the recovery of the chemical sector would be crucially dependent on the availability of nuclear power. This is because the chemical sector is heavily dependent on petroleum products as inputs and thus susceptible to fuel price rises, induced by a fuel demand increase following the shutdown of a nuclear power plant. The fiscal and welfare costs differ by type of subsidy and program duration. Capital-use subsidies would cost less than output subsidies. A longer recovery program duration would cost less by reducing the distortionary effects of the policy interventions.]]>
机译：<！[cdata [ 抽象 我们调查地震击中台湾北部的长期灾难影响，利用核电站关闭以及使用A恢复计划的成本和有效性动态可计算一般均衡模型。我们通过核电站关闭，模拟资本和劳动力的损失，然后通过补贴其产出或资本使用来对台湾三大行业复苏的政策试验进行。我们发现，半导体和电子设备部门可以借助补贴来恢复。相比之下，化学界的恢复将是至关重要的，这是至关重要的核电的可用性。这是因为化学行业严重依赖于石油产品作为输入，因此易受燃料价格上升的影响，通过燃料需求在核电站关闭后增加燃料需求。财政和福利成本因补贴和计划持续时间的类型而异。资本使用补贴的费用低于产出补贴。通过减少政策干预的失落效果，更长的恢复计划持续时间将减少。 ]]>

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