Implications of COVID-19 Pandemic on the Global Trade Networks
C. T. Vidya and
K. P. Prabheesh
Emerging Markets Finance and Trade, 2020, vol. 56, issue 10, 2408-2421
Abstract:
This article measures the trade interconnectedness among countries before and after the COVID-19 outbreak, and forecasts the future direction of trade. Using Trade Network Analysis and Artificial Neural Networks, our findings show that: (1) There is a drastic reduction in trade interconnectedness, connectivity, and density among countries after the COVID-19 outbreak. (2) There is a visible change in the structure of trade-network (3) China’s ‘center’ position in the trade network is not affected by the pandemic. (4) There will be a drastic decline in trade of most of the economies until December 2020.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:56:y:2020:i:10:p:2408-2421
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DOI: 10.1080/1540496X.2020.1785426
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