Impact of Covid-19 containment measures on trade
Juan de Lucio (),
Asier Minondo () and
Francisco Requena Silvente ()
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Raúl Mínguez: Cámara de Comercio de España and Universidad Antonio de Nebrija. Calle de Santa Cruz de Marcenado, 27, 28015, Madrid (Spain)
No 2101, Working Papers from Department of Applied Economics II, Universidad de Valencia
Combining Spanish firm-level monthly trade data with country-level Covid-19 containment measures over February-July 2020, we show that the value of exports decreased more in destinations that introduced strict containment measures, whereas the value of imports remained una_ected. Strict containment measures in a partner country increased the probability of a firm ceasing to trade with it. Negative effects were concentrated between March and May 2020. The detrimental effect of containment on exports was larger for goods consumed outside the household, for wholesalers and retailers, and for manufacturers not participating in global value chains.
Keywords: Covid-19; containment measures; rm-level trade; Spain; consumption goods; global value chains (search for similar items in EconPapers)
JEL-codes: F10 F14 (search for similar items in EconPapers)
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