Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/219130 
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8312
Publisher: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
Abstract: 
This paper examines the impact of the Severe Acute Respiratory Syndrome (SARS) epidemic on China’s trade. Using quarterly transaction-level trade data of all Chinese firms, we find that firms in regions with local transmission of SARS experienced lower import and export growth at both the intensive and extensive margins, compared to those in the unaffected regions. The affected firms’ trade growth remained lower two years after SARS. Products that are more capital-intensive, skill-intensive, upstream in the supply chains, and differentiated experienced a smaller export decline but a stronger recovery. Small exporters were more likely to exit, slowing down trade recovery.
Subjects: 
Covid-19
SARS
trade collapse
post-pandemic recovery
natural disasters
disruption
global supply chains
JEL: 
F12
F14
Document Type: 
Working Paper
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