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COVID-19 Trade Actions and Their Impact on the Agricultural and Food Sector

Soojung Ahn and Sandro Steinbach

No 316789, 2022 Allied Social Sciences Association (ASSA) Annual Meeting (Virtual), January 7-9, 2022 from Agricultural and Applied Economics Association

Abstract: This paper assesses the determinants of temporary non-tariff measures (NTMs) in response to the coronavirus pandemic and their implications for 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.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-agr and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ags:assa22:316789

DOI: 10.22004/ag.econ.316789

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