Effects of COVID-19 on trade flows: Measuring their impact through government policy responses
Identifiers
Permanent link (URI): http://hdl.handle.net/10017/59447DOI: 10.1371/journal.pone.0258356
ISSN: 1932-6203
Date
2021Affiliation
Universidad de Alcalá. Departamento de EconomíaBibliographic citation
PLoS ONE, 2021, v. 16, n. 10, p. 1-20
Document type
info:eu-repo/semantics/article
Version
info:eu-repo/semantics/publishedVersion
Rights
© los autores
Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
Access rights
info:eu-repo/semantics/openAccess
Abstract
This paper examines the impact of COVID-19 on bilateral trade flows using a state-of-theart
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.
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effects_barbero_PO_2021.pdf | 1.235Mb |
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Files | Size | Format |
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effects_barbero_PO_2021.pdf | 1.235Mb |
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