Scarcity nationalism during COVID-19: Identifying the impact on trade costs

Egger, Peter; Masllorens, Gerard; Rocha, Nadia; Ruta, Michele

doi:10.1016/j.econlet.2022.110973

Cited by 4 publications

(2 citation statements)

References 8 publications

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“…Nicita and Tresa (2023) shows that the resiliency of trade flows to these increased trade costs is dependent on the size of the trade relationship between countries: smaller exporters, characterized by being higher‐cost and less‐established, are squeezed out of international markets in favor of larger exporters. Evenett et al (2022) and Egger et al (2023) find that trade protectionism during the COVID‐19 pandemic led to increased trade costs and lower exports in industries deemed critical to satisfy the short‐term domestic needs from COVID‐19, such as medical products and ventilators. Ahn and Steinbach (2023) finds similar evidence that the effects of trade protectionism also extended to the agriculture and food trade.…”

Section: Introductionmentioning

confidence: 99%

Spillovers from government policy during a crisis: Evidence from international trade during COVID‐19 lockdowns

Cardoso,

Malloy

2023

Rev International Economics

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We examine how variation in the severity of government intervention in response to the COVID‐19 pandemic impacted trade, using a novel dataset on monthly bilateral trade flows between Canadian provinces and U.S. states. Our results show that differences in the collections of policy responses employed by states and provinces throughout the course of the pandemic have had a significant and heterogeneous impact in accounting for variation in changes in aggregate province‐state trade flows. Government interventions around workplace closures and gathering restrictions are associated with the largest drop in bilateral trade flows, especially when introduced by U.S. states and during periods when COVID‐19 case rates are rising, while many pandemic restrictions have no statistically significant impact on trade flows.

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Section: Introductionmentioning

confidence: 99%

Spillovers from government policy during a crisis: Evidence from international trade during COVID‐19 lockdowns

Cardoso,

Malloy

2023

Rev International Economics

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“…Fragmenting the international payment system pose risks of reducing its efficiency, undermining reform efforts, and creating trading biases, among others . In addition, gains from digitalization of the global financial system could be limited by fragmentation others, 2023, andIMF, 2021).…”

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confidence: 99%

Review of the Role of Trade in the Work of the Fund

2023

Policy Papers

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IMF staff regularly produces papers proposing new IMF policies, exploring options for reform, or reviewing existing IMF policies and operations. The following documents have been released and are included in this package:• A Press Release summarizing the views of the Executive Board as expressed during its March 27 consideration of the staff report.• The Staff Report, prepared by IMF staff and completed on February 27 for the Executive Board's consideration on March 27.• A Staff Supplement.[The documents listed below have been or will be separately released.] The IMF's transparency policy allows for the deletion of market-sensitive information and premature disclosure of the authorities' policy intentions in published staff reports and other documents.

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