Pandemic trade: COVID-19, remote work and global value chains.
COVID‐19
global value chains
trade
Journal
The World economy
ISSN: 1467-9701
Titre abrégé: World Econ
Pays: England
ID NLM: 101742003
Informations de publication
Date de publication:
Feb 2022
Feb 2022
Historique:
received:
08
01
2021
revised:
11
02
2021
accepted:
15
02
2021
pubmed:
7
4
2021
medline:
7
4
2021
entrez:
6
4
2021
Statut:
ppublish
Résumé
This paper studies the trade effects of COVID-19 using monthly disaggregated trade data for 28 countries and multiple trading partners from the beginning of the pandemic to June 2020. Regression results based on a sector-level gravity model show that the negative trade effects induced by COVID-19 shocks varied widely across sectors. Sectors more amenable to remote work contracted less throughout the pandemic. Importantly, participation in global value chains increased traders' vulnerability to shocks suffered by trading partners, but it also reduced their vulnerability to domestic shocks.
Identifiants
pubmed: 33821085
doi: 10.1111/twec.13117
pii: TWEC13117
pmc: PMC8014312
doi:
Types de publication
Journal Article
Review
Langues
eng
Pagination
561-589Informations de copyright
© 2021 John Wiley & Sons Ltd.
Références
Nat Hum Behav. 2020 Jun;4(6):577-587
pubmed: 32493967
J Int Econ. 2021 Nov;133:103534
pubmed: 34866652