An anatomy of the impact of COVID-19 on the global and intra-Commonwealth trade in goods.
COVID‐19
Commonwealth countries
gravity modelling
international trade
Journal
Review of international economics
ISSN: 0965-7576
Titre abrégé: Rev Int Econ
Pays: England
ID NLM: 101634146
Informations de publication
Date de publication:
04 Oct 2022
04 Oct 2022
Historique:
received:
12
05
2021
revised:
03
06
2022
accepted:
31
08
2022
entrez:
30
1
2023
pubmed:
31
1
2023
medline:
31
1
2023
Statut:
aheadofprint
Résumé
This article employs gravity modeling to examine the effect of COVID-19 on global and intra-Commonwealth trade. It uses bilateral monthly exports, number of COVID-19 cases and deaths and the stringency of measures. The main novelty is the use of price indices as proxies for multilateral resistance terms, which allow us to identify, supply, and demand effects of COVID-19 on bilateral trade. The incidence of COVID-19 impacts Commonwealth trade flows, the effect varies with the development level. High numbers of COVID-19 cases, including deaths, in low-income importers reduced Commonwealth exports unlike high-income importers that show higher exports. The incidence of COVID in an exporters' neighbouring countries impacted trade and restrictions in high-income countries increased Commonwealth trade. Short-term trends project a negative change in both exports and imports of Commonwealth countries.
Identifiants
pubmed: 36714057
doi: 10.1111/roie.12637
pii: ROIE12637
pmc: PMC9874807
doi:
Types de publication
Journal Article
Langues
eng
Informations de copyright
© 2022 The Authors. Review of International Economics published by John Wiley & Sons Ltd.
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