Pandemic Trade : Covid-19, Remote Work and Global Value Chains

Pandemic Trade : Covid-19, Remote Work and Global Value Chains

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 th...

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Main Authors: Espitia, Alvaro, Mattoo, Aaditya, Rocha, Nadia, Ruta, Michele, Winkler, Deborah
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
TRADE
GLOBAL VALUE CHAIN
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
REMOTE WORK
ECONOMIC SHOCK
Online Access:http://documents.worldbank.org/curated/en/843301610630752625/Pandemic-Trade-Covid-19-Remote-Work-and-Global-Value-Chains
http://hdl.handle.net/10986/35023
id okr-10986-35023
recordtype oai_dc
spelling okr-10986-350232022-09-20T00:09:13Z Pandemic Trade : Covid-19, Remote Work and Global Value Chains Espitia, Alvaro Mattoo, Aaditya Rocha, Nadia Ruta, Michele Winkler, Deborah TRADE GLOBAL VALUE CHAIN CORONAVIRUS COVID-19 PANDEMIC IMPACT REMOTE WORK ECONOMIC SHOCK 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. 2021-01-21T14:28:27Z 2021-01-21T14:28:27Z 2021-01 Working Paper http://documents.worldbank.org/curated/en/843301610630752625/Pandemic-Trade-Covid-19-Remote-Work-and-Global-Value-Chains http://hdl.handle.net/10986/35023 English Policy Research Working Paper;No. 9508 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic TRADE
GLOBAL VALUE CHAIN
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
REMOTE WORK
ECONOMIC SHOCK
spellingShingle TRADE
GLOBAL VALUE CHAIN
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
REMOTE WORK
ECONOMIC SHOCK
Espitia, Alvaro
Mattoo, Aaditya
Rocha, Nadia
Ruta, Michele
Winkler, Deborah
Pandemic Trade : Covid-19, Remote Work and Global Value Chains
relation Policy Research Working Paper;No. 9508
description 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.
format Working Paper
author Espitia, Alvaro
Mattoo, Aaditya
Rocha, Nadia
Ruta, Michele
Winkler, Deborah
author_facet Espitia, Alvaro
Mattoo, Aaditya
Rocha, Nadia
Ruta, Michele
Winkler, Deborah
author_sort Espitia, Alvaro
title Pandemic Trade : Covid-19, Remote Work and Global Value Chains
title_short Pandemic Trade : Covid-19, Remote Work and Global Value Chains
title_full Pandemic Trade : Covid-19, Remote Work and Global Value Chains
title_fullStr Pandemic Trade : Covid-19, Remote Work and Global Value Chains
title_full_unstemmed Pandemic Trade : Covid-19, Remote Work and Global Value Chains
title_sort pandemic trade : covid-19, remote work and global value chains
publisher World Bank, Washington, DC
publishDate 2021
url http://documents.worldbank.org/curated/en/843301610630752625/Pandemic-Trade-Covid-19-Remote-Work-and-Global-Value-Chains
http://hdl.handle.net/10986/35023
_version_ 1764482159767191552

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