Export Restrictions and COVID-19

Mamadou Thiam (), Jean-Claude Kouakou Brou () and Benur Andrade Varela ()
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Mamadou Thiam: Universite de Pau et des Pays de l’Adour, France; PRISM-Sorbonne, Université Paris 1 Panthéon-Sorbonne, France, Postal: PRISM-Sorbonne, Université Paris 1, Panthéon-Sorbonne, Paris, France.
Jean-Claude Kouakou Brou: Universite de Pau et des Pays de l’Adour, France; Université d’Orléans, France, Postal: Universi té d ’Orléans, CNRS,, LEO, FRE 2014, F45067, Orléans, France.
Benur Andrade Varela: Universite de Pau et des Pays de l’Adour, France

Journal of Economic Integration, 2021, vol. 36, issue 4, 519-548

Abstract: As a result of COVID-19, the export of medical goods has been subject to various global restrictions. Consequently, several countries have increased the supply of medical goods to alleviate the effects of this health crisis. This study entails a theoretical and empirical analysis of the effects of such remedial measures. To this end, we have utilized a consistent conjectural variation in a three-country model entailing firms competing in two reciprocal markets in Cournot. When the restrictions are unilateral, the number of medical goods available in the exporting country tends to increase, culminating in better management of the pandemic. In contrast, bilateral restrictions typically reduce the total output of medical goods; therefore, they are inappropriate in a pandemic situation.

Keywords: conjectural variation; COVID-19; export restriction; spatial model; weight matrix (search for similar items in EconPapers)
JEL-codes: C10 C30 F10 F12 F13 F14 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0836

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