The impact of COVID‐19 trade measures on agricultural and food trade
Soojung Ahn and
Sandro Steinbach
Applied Economic Perspectives and Policy, 2023, vol. 45, issue 2, 911-927
Abstract:
This paper assesses the determinants of temporary non‐tariff measures (NTMs) in response to COVID‐19 and their implications for the agricultural and food trade. Using a control function approach, we show that economic and pandemic considerations played an essential role in implementing such NTMs. Relying on variation between treated and untreated varieties, we estimate a dynamic post‐event trade response of 5.4% for import facilitating and −27.5% for export restricting NTMs. After revoking them, their trade effects fade away, implying that these temporary trade policies were effective in achieving the set policy goals, causing only a limited degree of long‐term trade disruptions.
Date: 2023
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https://doi.org/10.1002/aepp.13286
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Persistent link: https://EconPapers.repec.org/RePEc:wly:apecpp:v:45:y:2023:i:2:p:911-927
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