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Amjad Masood, Junaid Ahmed and Inmaculada Martínez-Zarzoso
''Gravity of Covid-19''
( 2022, Vol. 42 No.1 )
In this study, we analyze the impact of the Covid-19 pandemic on bilateral trade using monthly data from January to June 2020. Imports of the OECD member states are analyzed using a structural gravity model of trade estimated with the Poisson pseudo maximum likelihood estimator. The analysis is conducted for total imports and for fruit and vegetables. Our findings show a significantly negative impact of the pandemic on both import measures, which is more pronounced for the perishable goods than for aggregate imports.
Keywords: Covid-19; Bilateral Trade; Structural Gravity; PPML; OECD
JEL: F1 - Trade: General
F4 - Macroeconomic Aspects of International Trade and Finance: General
Manuscript Received : Oct 01 2021 Manuscript Accepted : Feb 20 2022

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