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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 10115

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities ; Policy Objectives; Policy Designs and Consistency; Policy Coordination ; Trade Policy; International Trade Organizations ; Economic Integration
• Subject: Covid-19 pandemic ; trade patterns ; sectoral analysis ; product analysis ; stringency ; policy responses ; uncertainty ; Europe ; dynamic panel models ; GMM estimator

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Caporale, Guglielmo Maria ; Sova, Anamaria Diana ; Sova, Robert
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/267347
• Last update: 10.03.2025, 11:46 AM CET