IMPACTS OF COVID-19 NON-PHARMACEUTICAL INTERVENTIONS ON TRADE FLOWS: A GLOBAL PANEL VECTOR AUTOREGRESSION ANALYSIS
Research output: Contribution to journal › Journal article › Research › peer-review
Standard
IMPACTS OF COVID-19 NON-PHARMACEUTICAL INTERVENTIONS ON TRADE FLOWS : A GLOBAL PANEL VECTOR AUTOREGRESSION ANALYSIS. / Srisawasdi, Worawat; Szabo, Sylvia; Tsusaka, Takuji W.; Burgess, Neil D.; Vause, James.
In: ABAC Journal, Vol. 43, No. 1, 2023, p. 137-163.Research output: Contribution to journal › Journal article › Research › peer-review
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - IMPACTS OF COVID-19 NON-PHARMACEUTICAL INTERVENTIONS ON TRADE FLOWS
T2 - A GLOBAL PANEL VECTOR AUTOREGRESSION ANALYSIS
AU - Srisawasdi, Worawat
AU - Szabo, Sylvia
AU - Tsusaka, Takuji W.
AU - Burgess, Neil D.
AU - Vause, James
N1 - Publisher Copyright: © 2023,ABAC Journal. All Rights Reserved.
PY - 2023
Y1 - 2023
N2 - The COVID-19 outbreak has contributed to a tremendous global decline in international trade flows. The rapid spread of the disease and the control measures implemented by governments to contain the virus have led to serious consequences for the global economy. The pandemic has affected the international movement of people, goods, and services. Currently, the systematic quantitative research investigating the effects of specific non-pharmaceutical intervention policy clusters on country-level international trade flows, remains limited. In this study, the Panel Vector Autoregression (PVAR) method was conducted using country-level panel data collected from various international sources including the United Nations, World Bank, and University of Oxford. The results show that stringent COVID-19 closure, social distancing, and containment measures and health-related measures, had significant negative impacts on trade flows. In contrast, economic support measures showed significant positive effects on trade. In summary, the findings suggest that policymakers should maintain less stringent containment measures related to public closure and movement restrictions and stimulate economic activities through economic support policies in order to minimize losses in trade flows during the pandemic.
AB - The COVID-19 outbreak has contributed to a tremendous global decline in international trade flows. The rapid spread of the disease and the control measures implemented by governments to contain the virus have led to serious consequences for the global economy. The pandemic has affected the international movement of people, goods, and services. Currently, the systematic quantitative research investigating the effects of specific non-pharmaceutical intervention policy clusters on country-level international trade flows, remains limited. In this study, the Panel Vector Autoregression (PVAR) method was conducted using country-level panel data collected from various international sources including the United Nations, World Bank, and University of Oxford. The results show that stringent COVID-19 closure, social distancing, and containment measures and health-related measures, had significant negative impacts on trade flows. In contrast, economic support measures showed significant positive effects on trade. In summary, the findings suggest that policymakers should maintain less stringent containment measures related to public closure and movement restrictions and stimulate economic activities through economic support policies in order to minimize losses in trade flows during the pandemic.
KW - COVID-19
KW - international trade
KW - non-pharmaceutical intervention
KW - panel vector autoregression
KW - SARS-CoV-2
KW - UKRI-GCRF Trade Hub
M3 - Journal article
AN - SCOPUS:85148616445
VL - 43
SP - 137
EP - 163
JO - ABAC Journal
JF - ABAC Journal
SN - 0858-0855
IS - 1
ER -
ID: 338527086