How Resilient Was Trade to COVID-19 ?

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...

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Bibliographic Details
Main Authors: Bas, Maria, Fernandes, Ana, Paunov, Caroline
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2022
Subjects:
EXPORTS
VULNERABILITY
RESILIENCE
COVID-19
PANDEMIC
CORONAVIRUS
SHOCK
HIGH-FREQUENCY DATA
EXCHANGE RATE SHOCK
PRODUCTION AND EXPORT
TRANSMISSION OF SHOCKS
GLOBAL SUPPLY CHAIN;
COVID IMPACT ON EXPORTS
Online Access:http://documents.worldbank.org/curated/en/776161647539747182/How-Resilient-Was-Trade-to-COVID-19
http://hdl.handle.net/10986/37288
id okr-10986-37288
recordtype oai_dc
spelling okr-10986-372882022-04-13T05:10:38Z How Resilient Was Trade to COVID-19 ? Bas, Maria Fernandes, Ana Paunov, Caroline EXPORTS VULNERABILITY RESILIENCE COVID-19 PANDEMIC CORONAVIRUS SHOCK HIGH-FREQUENCY DATA EXCHANGE RATE SHOCK PRODUCTION AND EXPORT TRANSMISSION OF SHOCKS GLOBAL SUPPLY CHAIN; COVID IMPACT ON EXPORTS 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. 2022-04-12T14:09:58Z 2022-04-12T14:09:58Z 2022-03 Working Paper http://documents.worldbank.org/curated/en/776161647539747182/How-Resilient-Was-Trade-to-COVID-19 http://hdl.handle.net/10986/37288 English Policy Research Working Paper;9975 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic EXPORTS
VULNERABILITY
RESILIENCE
COVID-19
PANDEMIC
CORONAVIRUS
SHOCK
HIGH-FREQUENCY DATA
EXCHANGE RATE SHOCK
PRODUCTION AND EXPORT
TRANSMISSION OF SHOCKS
GLOBAL SUPPLY CHAIN;
COVID IMPACT ON EXPORTS
spellingShingle EXPORTS
VULNERABILITY
RESILIENCE
COVID-19
PANDEMIC
CORONAVIRUS
SHOCK
HIGH-FREQUENCY DATA
EXCHANGE RATE SHOCK
PRODUCTION AND EXPORT
TRANSMISSION OF SHOCKS
GLOBAL SUPPLY CHAIN;
COVID IMPACT ON EXPORTS
Bas, Maria
Fernandes, Ana
Paunov, Caroline
How Resilient Was Trade to COVID-19 ?
relation Policy Research Working Paper;9975
description 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.
format Working Paper
author Bas, Maria
Fernandes, Ana
Paunov, Caroline
author_facet Bas, Maria
Fernandes, Ana
Paunov, Caroline
author_sort Bas, Maria
title How Resilient Was Trade to COVID-19 ?
title_short How Resilient Was Trade to COVID-19 ?
title_full How Resilient Was Trade to COVID-19 ?
title_fullStr How Resilient Was Trade to COVID-19 ?
title_full_unstemmed How Resilient Was Trade to COVID-19 ?
title_sort how resilient was trade to covid-19 ?
publisher World Bank, Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/en/776161647539747182/How-Resilient-Was-Trade-to-COVID-19
http://hdl.handle.net/10986/37288
_version_ 1764486901270577152

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