How Resilient Was Trade to COVID-19 ?
This paper examines which product supply-side characteristics affect the resilience of traded products to the COVID-19 pandemic. Relying on monthly product-level exports by all countries to the United States, Japan, and 27 European Union countries...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/776161647539747182/How-Resilient-Was-Trade-to-COVID-19 http://hdl.handle.net/10986/37288 |
| Summary: | This paper examines which product
supply-side characteristics affect the resilience of traded
products to the COVID-19 pandemic. Relying on monthly
product-level exports by all countries to the United States,
Japan, and 27 European Union countries from January 2018 to
December 2020, the paper estimates a
difference-in-differences specification for the impact of
COVID-19 incidence (deaths per capita) mediated by product
characteristics, accounting for when exports reach their
destination by relying on product transportation lags.
Higher reliance on foreign inputs, China as an input
supplier, and unskilled labor and a lower degree of
complexity negatively affected exports as a result of COVID-19. |
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