Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305420 
Year of Publication: 
2024
Series/Report no.: 
ADBI Working Paper No. 1474
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
The epidemic caused by the coronavirus disease (COVID-19) has affected international trade activities between Asian developing and emerging economies, especially the ASEAN region. This paper aims to examine and measure the impact of COVID-19 and government responses on trade flow using the gravity model of trade. Using the trade records of ten ASEAN countries exporting all over the world from January 2020 to December 2022, we find a negative impact of the COVID-19 pandemic on trade flow. However, ASEAN countries that participate in regional trade agreements (RTAs) have stronger trade flows than countries that do not participate. Finally, countries implementing effective COVID-19 policy responses exhibit a more favorable trade performance and improve their overall economic stability, particularly in the face of increasing COVID-19 burdens.
Subjects: 
COVID-19 policy responses
economic stability
emerging economies
regional trade agreement (RTA)
trade flow
JEL: 
F14
C54
D78
I18
O24
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.