The Covid-19 Pandemic and European Trade Patterns: A Sectoral Analysis

Guglielmo Maria Caporale, Anamaria Diana Sova and Robert Sova

No 10115, CESifo Working Paper Series from CESifo

Abstract: This paper examines how the Covid-19 pandemic affected European trade patterns. Specifically, dynamic panel data models are estimated to assess the effects on exports and imports of various sectors and products (selected on the basis of their trading volume or strategic importance) of the restrictions and of other policy measures adopted by national governments during the crisis. The results suggest that the impact of the Covid-19 pandemic was heterogeneous across sectors and product types, both the initial drop and the subsequent rebound being different depending on sectoral characteristics and the degree of resilience. In particular, trade flows of durable products were more significantly affected by the pandemic compared to those of non-durable ones.

Keywords: Covid-19 pandemic; trade patterns; sectoral analysis; product analysis; stringency; policy responses; uncertainty; Europe; dynamic panel models; GMM estimator (search for similar items in EconPapers)
JEL-codes: C25 E61 F13 F15 (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-eec and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: The COVID‐19 pandemic and European trade patterns: A sectoral analysis (2025)
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