Impact of Covid-19 containment measures on trade
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Fecha
2022-03-16
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Elsevier Inc.
Resumen
Combining Spanish firm-level monthly trade data with country-level Covid-19 containment measures over February–July 2020, we show that the value of exports decreased more in destinations that introduced strict containment measures, whereas the value of imports remained unaffected. Strict containment measures in a partner country increased the probability of a firm ceasing to trade with it. Negative effects were concentrated between March and May 2020. The detrimental effect of containment on exports was larger in destinations where the share of jobs that could be done remotely was low, for goods consumed outside the household, for wholesalers and retailers, and for manufacturers not participating in global value chains.
Palabras clave
Consumption goods
Containment measures
Covid-19
Firm-level trade
Global value chains
Spain
Containment measures
Covid-19
Firm-level trade
Global value chains
Spain
Descripción
Materias
Cita
de Lucio, J., Mínguez, R., Minondo, A., & Requena, F. (2022). Impact of Covid-19 containment measures on trade. International Review of Economics and Finance, 80, 766-778. https://doi.org/10.1016/J.IREF.2022.02.051