Effects of COVID-19 on trade flows: Measuring their impact through government policy responses.

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 impa...

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Autores principales:	Javier Barbero, Juan José de Lucio, Ernesto Rodríguez-Crespo
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/9f5f63b1624a4f38b3fe3194a5b6e148
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spelling	oai:doaj.org-article:9f5f63b1624a4f38b3fe3194a5b6e1482021-12-02T20:07:55ZEffects of COVID-19 on trade flows: Measuring their impact through government policy responses.1932-620310.1371/journal.pone.0258356https://doaj.org/article/9f5f63b1624a4f38b3fe3194a5b6e1482021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0258356https://doaj.org/toc/1932-6203This 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.Javier BarberoJuan José de LucioErnesto Rodríguez-CrespoPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 10, p e0258356 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Javier Barbero Juan José de Lucio Ernesto Rodríguez-Crespo Effects of COVID-19 on trade flows: Measuring their impact through government policy responses.
description	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.
format	article
author	Javier Barbero Juan José de Lucio Ernesto Rodríguez-Crespo
author_facet	Javier Barbero Juan José de Lucio Ernesto Rodríguez-Crespo
author_sort	Javier Barbero
title	Effects of COVID-19 on trade flows: Measuring their impact through government policy responses.
title_short	Effects of COVID-19 on trade flows: Measuring their impact through government policy responses.
title_full	Effects of COVID-19 on trade flows: Measuring their impact through government policy responses.
title_fullStr	Effects of COVID-19 on trade flows: Measuring their impact through government policy responses.
title_full_unstemmed	Effects of COVID-19 on trade flows: Measuring their impact through government policy responses.
title_sort	effects of covid-19 on trade flows: measuring their impact through government policy responses.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/9f5f63b1624a4f38b3fe3194a5b6e148
work_keys_str_mv	AT javierbarbero effectsofcovid19ontradeflowsmeasuringtheirimpactthroughgovernmentpolicyresponses AT juanjosedelucio effectsofcovid19ontradeflowsmeasuringtheirimpactthroughgovernmentpolicyresponses AT ernestorodriguezcrespo effectsofcovid19ontradeflowsmeasuringtheirimpactthroughgovernmentpolicyresponses
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Effects of COVID-19 on trade flows: Measuring their impact through government policy responses.

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