IDEAS home Printed from https://ideas.repec.org/a/isp/journl/v16y2022i1p30-40.html
   My bibliography  Save this article

The Impact Of Covid-19 On The Productivity Of Large Companies In Taiwan

Author

Listed:
  • Chiang Kao
  • Yuan-Ying Wang
  • Tsai-Chi Ho
  • Yu-Shian Chen
  • Ping-Chieh Chen

Abstract

The outbreak of COVID-19 at the end of 2019 spread over the world extensively and quickly. The daily lives are affected by lockdowns, work-from-home, and travel bans. The economic growth is stagnated. To investigate the impact of this pandemic on the productivity of the industries in Taiwan, samples of the top 1000 manufacturing companies and the top 500 service companies before the pandemic, in the period of 2016-2019, and during the pandemic, in the year of 2020, are studied. The results show that the overall productivity of all companies in 2020 has not decreased. By classifying the sampled companies into different industries, there are four industries, including textile, automobile, tourism, and electronic products distribution, showing a decrease in productivity. There are also five industries, including electronic parts/components, optoelectronic, electrical and cable, rubber, and oil, gas and electricity, whose productivities are unexpectedly increased. The reasons that the productivities of these industries are affected by COVID-19 are discussed. They shed some light on how the government can help these industries to overcome the crisis and to recover the country’s economy.

Suggested Citation

  • Chiang Kao & Yuan-Ying Wang & Tsai-Chi Ho & Yu-Shian Chen & Ping-Chieh Chen, 2022. "The Impact Of Covid-19 On The Productivity Of Large Companies In Taiwan," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 16(1), pages 30-40.
    • Handle: RePEc:isp:journl:v:16:y:2022:i:1:p:30-40
    as

    Download full text from publisher

    File URL: https://www.scientific-publications.net/get/1000055/1665226773629836.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Coyle, Diane & Dreesbeimdiek, Kaya & Manley, Annabel, 2021. "Productivity In Uk Healthcare During And After The Covid-19 Pandemic," National Institute Economic Review, National Institute of Economic and Social Research, vol. 258, pages 90-116, November.
    2. Klaas Vries & Abdul Erumban & Bart Ark, 2021. "Productivity and the pandemic: short-term disruptions and long-term implications," International Economics and Economic Policy, Springer, vol. 18(3), pages 541-570, July.
    3. Han-Khanh Nguyen & Mai-Nam Vu, 2021. "Assess the Impact of the COVID-19 Pandemic and Propose Solutions for Sustainable Development for Textile Enterprises: An Integrated Data Envelopment Analysis-Binary Logistic Model Approach," JRFM, MDPI, vol. 14(10), pages 1-23, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Diane Coyle & Jen‐Chung Mei, 2023. "Diagnosing the UK productivity slowdown: which sectors matter and why?," Economica, London School of Economics and Political Science, vol. 90(359), pages 813-850, July.
    2. Tomoyuki Yagi & Kakuho Furukawa & Jouchi Nakajima, 2022. "Productivity Trends in Japan - Reviewing Recent Facts and the Prospects for the Post-COVID-19 Era -," Bank of Japan Working Paper Series 22-E-10, Bank of Japan.
    3. Bart van Ark & Dirk Pilat & Klaas de Vries, 2023. "Are Pro-Productivity Policies Fit for Purpose? Productivity Drivers and Policies in G-20 Economies," Working Papers 038, The Productivity Institute.
    4. Peter Goodridge & Jonathan Haskel, 2023. "Accounting for the slowdown in UK innovation and productivity," Economica, London School of Economics and Political Science, vol. 90(359), pages 780-812, July.
    5. Bart Ark & Dirk Pilat, 2024. "Productivity drivers and pro-productivity policies: G20 economies, India and South Korea," Indian Economic Review, Springer, vol. 59(1), pages 95-121, October.
    6. Vinish Kathuria & Rajesh Raj Natarajan, 2022. "What Role Has Structural Change Played in Growth Accelerations for the Indian States? An Analysis for Pre- and Post-liberalization Periods," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 23(1), pages 61-85, March.
    7. Eichengreen, Barry, 2022. "COVID and the outlook for emerging markets," Journal of Policy Modeling, Elsevier, vol. 44(4), pages 820-826.

    More about this item

    Keywords

    covid-19; manufacturing industries; service industries; productivity;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isp:journl:v:16:y:2022:i:1:p:30-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Svetoslav Ivanov (email available below). General contact details of provider: https://www.scientific-publications.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.