Date: 2020
Type: Working Paper
Trade policy responses to the COVID-19 pandemic crisis : evidence from a new dataset
Working Paper, EUI RSCAS, 2020/78, Global Governance Programme-419, [Global Economics]
EVENETT, Simon, FIORINI, Matteo, FRITZ, Johannes, HOEKMAN, Bernard M., LUKASZUK, Piotr, ROCHA, Nadia, SANTI, Filippo, SHINGAL, Anirudh, Trade policy responses to the COVID-19 pandemic crisis : evidence from a new dataset, EUI RSCAS, 2020/78, Global Governance Programme-419, [Global Economics] - https://hdl.handle.net/1814/69107
Retrieved from Cadmus, EUI Research Repository
This paper presents new high frequency data on trade policy changes targeting medical and food products since the beginning of the COVID-19 pandemic, documenting how countries used trade policy instruments in response to the health crisis on a week-by-week basis. The dataset reveals a rapid increase in trade policy activism in February and March 2020 in tandem with the rise in COVID-19 cases, but also uncovers extensive heterogeneity across countries in both their use of trade policy and the types of measures used. Some countries acted to restrict exports and facilitate imports, others targeted only one of these margins, and many did not use trade policy at all. The observed heterogeneity suggests numerous research questions on the drivers of trade policy responses to COVID-19, on the effects of these measures on trade and prices of critical products, and on the role of trade agreements in influencing the use of trade policy.
Cadmus permanent link: https://hdl.handle.net/1814/69107
ISSN: 1028-3625
Series/Number: EUI RSCAS; 2020/78; Global Governance Programme-419; [Global Economics]
Publisher: European University Institute
Keyword(s): COVID-19 Trade policy Export restrictions Import liberalization F13 F52 I18
Other topic(s): Regulation and economic policy Trade Investment International Cooperation
Published version: https://hdl.handle.net/1814/74087