Impact of Covid-19 on International Trade

Authors

Paresh Kumar Narayan, Monash Business School, Monash UniversityFollow
Chun Ping Chang, Shih Chien University, Kaohsiung, TaiwanFollow
Xin-Xin Zhao, Asia-Pacific Applied Economics Association, AustraliaFollow

Document Type

Article

Abstract

Using a global monthly unbalanced panel dataset of 70 countries from January 2020 to May 2023, we first examine the impact of COVID-19 on global trade. The empirical results show a detrimental impact of COVID-19 on countries’ foreign trade, which persists over six months. We evaluate the robustness of our findings by employing an alternative dependent variable and different estimators. Our main findings hold and two features of our results standout: first, that COVID-19 hurt international trade more for non-Asian countries; and second, that sectoral sensitivity to COVID-19 was heterogenous. These results have important policy implications.

Recommended Citation

Narayan, Paresh Kumar; Chang, Chun Ping; and Zhao, Xin-Xin (2024) "Impact of Covid-19 on International Trade," Bulletin of Monetary Economics and Banking: Vol. 27: No. 4, Article 5.
DOI: https://doi.org/10.59091/2460-9196.2417
Available at: https://bulletin.bmeb-bi.org/bmeb/vol27/iss4/5

First Page

681

Last Page

696

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Taiwan

Affiliation

Shih Chien University