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Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
CESifo Working Paper No. 8312
Verlag: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
Zusammenfassung: 
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.
Schlagwörter: 
Covid-19
SARS
trade collapse
post-pandemic recovery
natural disasters
disruption
global supply chains
JEL: 
F12
F14
Dokumentart: 
Working Paper
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