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Pandemic Trade : Covid-19, Remote Work and Global Value Chains / Alvaro Espitia.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Espitia, Alvaro.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access To Markets.
- Business Cycles and Stabilization Policies.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Economic Shock.
- Export Competitiveness.
- Global Value Chain.
- Health, Nutrition and Population.
- International Economics and Trade.
- International Trade and Trade Rules.
- Macroeconomics and Economic Growth.
- Pandemic Impact.
- Remote Work.
- Trade.
- Local Subjects:
- Access To Markets.
- Business Cycles and Stabilization Policies.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Economic Shock.
- Export Competitiveness.
- Global Value Chain.
- Health, Nutrition and Population.
- International Economics and Trade.
- International Trade and Trade Rules.
- Macroeconomics and Economic Growth.
- Pandemic Impact.
- Remote Work.
- Trade.
- Physical Description:
- 1 online resource (37 pages)
- Other Title:
- Pandemic Trade
- Place of Publication:
- Washington, D.C. : The World Bank, 2021.
- System Details:
- data file
- Summary:
- This paper studies the trade effects of Covid-19 using monthly disaggregated trade data for 28 countries and multiple trading partners from the beginning of the pandemic to June 2020. Regression results based on a sector-level gravity model show that the negative trade effects induced by Covid-19 shocks varied widely across sectors. Sectors more amenable to remote work contracted less throughout the pandemic. Importantly, participation in global value chains increased traders' vulnerability to shocks suffered by trading partners, but it also reduced their vulnerability to domestic shocks.
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