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Effects of COVID-19 on trade flows: Measuring their impact through government policy responses
- Source :
- PLoS ONE, Vol 16, Iss 10, p e0258356 (2021), Biblos-e Archivo. Repositorio Institucional de la UAM, instname, PLoS ONE
- Publication Year :
- 2021
- Publisher :
- Public Library of Science (PLoS), 2021.
-
Abstract
- This paper examines the impact of COVID-19 on bilateral trade flows using a state-of-the-art gravity model of trade. Using the monthly trade data of 68 countries exporting across 222 destinations between January 2019 and October 2020, our results are threefold. First, we find a greater negative impact of COVID-19 on bilateral trade for those countries that were members of regional trade agreements before the pandemic. Second, we find that the impact of COVID-19 is negative and significant when we consider indicators related to governmental actions. Finally, this negative effect is more intense when exporter and importer country share identical income levels. In the latter case, the highest negative impact is found for exports between high-income countries<br />Universidad de Alcalá de Henares (UAH) and Banco Santander through research project COVID-19 UAH 2019/00003/016/001/007. De Lucio also thanks financial support from Comunidad de Madrid and UAH (ref: EPUINV/2020/006 and H2019/HUM5761)
- Subjects :
- Viral Diseases
Coronavirus disease 2019 (COVID-19)
Epidemiology
Economics
Science
Gravity
Social Sciences
Public policy
Economic Geography
Destinations
Economía
Medical Conditions
Health Economics
Regional trade
International-Trade
Diagnostic Medicine
Medicine and Health Sciences
Humans
Public and Occupational Health
Agreements
Pandemics
Virus Testing
Health Care Policy
Multidisciplinary
Geography
SARS-CoV-2
Monetary policy
Commerce
COVID-19
Covid 19
International Trade
International economics
Socioeconomic Aspects of Health
Business-cycle synchronization
Health Care
Bilateral trade
Policy
Infectious Diseases
Gravity model of trade
Income
Earth Sciences
Income level
Medicine
Research Article
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 16
- Issue :
- 10
- Database :
- OpenAIRE
- Journal :
- PLoS ONE
- Accession number :
- edsair.doi.dedup.....552a6368853fc5a0a51013b0727774fb