Work

The COVID ‐19 pandemic and trade in agricultural products

Year: 2022

Type: article

Abstract: In this study, we develop a structural gravity model to analyse the effects of the ongoing COVID-19 pandemic on international trade in food and agriculture. Using detailed data on trade flows, we estimate the trade impacts of the pandemic for major sectors in food and agriculture. Supply-side impacts on trade caused by reductions in labour tend to be largest in labour-intensive sectors such as meat processing and processed fruit and vegetables. The supply-side export effects are dwarfed by the demand-side import effects, as the recessionary impact of the pandemic drives significant decreases in imports, largely in processed goods and labour-intensive commodities.

Source: World Economy

DOI: 10.1111/twec.13376

Authors: William Ridley, Sherzod B. Akhundjanov, Stephen Devadoss

Institutions: University of Illinois Urbana-Champaign, Utah State University, Texas Tech University

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Zero hunger

Open Access status: hybrid

Estimated APC paid: $3,150