Globalization and Disease: The Case of SARS

This paper is a revised version of a paper that was originally presented to the Asian Economic Panel meeting
held in Tokyo, May 11-12, 2003 and the Pacific Economic Cooperation Council (PECC) Finance forum, Hua
Hin, Thailand, July 8-9, 2003. We have updated that original paper to include the last known case of SARS as well
as adjusting the scale of some shocks given new information on the duration of the SARS outbreak. The authors
particularly thank Andrew Stoeckel for interesting discussions and many participants at the conferences
particularly Ifzal Ali, Richard Dorbnick, , George Von Furstenberg , Yung Chul Park, Jeffrey Sachs , Wing Thye
Woo and Zhang Wei for helpful comments. Alison Stegman provided excellent research assistance and Kang
Tan provided helpful data. See also the preliminary results and links to the model documentation at
http://www.economicscenarios.com. The views expressed in the paper are those of the authors and should not be
interpreted as reflecting the views of the Institutions with which the authors are affiliated including the trustees,
officers or other staff of the Brookings Institution.