COVID-19 Pandemic and Export: Evidence from Lithuania

Petrylė, Vaiva

doi:10.15388/omee.2022.13.74

Cited by 6 publications

(5 citation statements)

References 27 publications

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“…They found that both the macro level economic activity of countries and international trade of countries were influenced by the Covid-19 health crisis. In Lithuania, Petrylė (2022) found that mixed effects of Covid-19 on the country's exports with negative influences of exports on certain countries and positive influences of exports on other countries. The results of the present study bring more light into the effects of Covid-19 on international trade, by completing the results of previous studies as presented above.…”

Section: Discussionmentioning

confidence: 99%

The Influence of COVID-19 on Exports and Imports European Cases during 2020-2021

Tudorache

2023

Proceedings of the International Conference on Business Excellence

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The COVID-19 health crisis generated an economic crisis at global level and consequently determined numerous economic disturbances at different levels. The study of the economic impact of the health crisis at various levels became legitimate in order to identify the influences of the health crisis on the economic activity, among others. This paper concentrates on the study of the impact of the COVID-19 health crisis on international trade with the focus on two countries. The regression method was used to measure the impact of the COVID-19 burden (number of cases and number of deaths) on the international trade flows of two Central and Eastern European countries from European Union, namely Romania and Poland. The analysis includes the first two years of the pandemics, 2020-2021. The results of the analysis illustrate that the COVID-19 burden had an effect on international trade in the two countries. The import flows were more affected than export flows by COVID-19 in both countries in the analyzed period. However, the influences differed in the two countries, with international trade in Poland being more affected by COVID-19 than that in Romania.

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Section: Discussionmentioning

confidence: 99%

The Influence of COVID-19 on Exports and Imports European Cases during 2020-2021

Tudorache

2023

Proceedings of the International Conference on Business Excellence

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“…However, the findings about the influence of the COVID-19 burden on international trade showed very diverse situations in different countries. For example, in Lithuania [27], COVID-19 had mixed effects on the country's exports; exports towards certain countries were negatively influenced by COVID-19, while the exports towards other countries were positively influenced by COVID-19.…”

Section: Discussionmentioning

confidence: 99%

“…For example, Khorana et al [18] discussed how, during the COVID-19 pandemic outbreak, the GDPs of Commonwealth countries were impacted, then showed how the economic downturns of those countries had a further negative impact on their international trade, pointing out at the relationship between GDP and international trade during the pandemic. In a study analyzing the influence of the COVID-19 pandemic on Lithuanian exports, GDP was one of the main regressors considered [27].…”

Section: Methodsmentioning

confidence: 99%

“…In Romania, Tudorache and Nicolescu [26] found negative influences of COVID-19 deaths on the country's main bilateral trade connections in 2020. Petryl ė [27] identified that, in Lithuania, COVID-19 had negative influences on the exports between Lithuania and certain country partners, but it also had positive influences in the case of other country partners. Mena et al [28] described a number of country-specific factors that either fostered or hampered international trade resilience during COVID-19, including the country's participation in globalization, the degree of economic development, the level of health care preparedness, and the level of governmental response.…”

Section: International Trade and Covid-19 In The Literaturementioning

confidence: 99%

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Insights about the Effects of COVID-19 on International Trade during the Main Pandemic Years in Romania and Poland

Tudorache

Nicolescu

2023

Sustainability

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The COVID-19 crisis disrupted the economic life of the entire world and caused various disturbances at different levels in economies and societies. Consequently, the study of the economic impact of the health crisis became necessary to identify the influences that the health crisis had on numerous activities, including economic ones. There are calls for more studies to be conducted about the effects of COVID-19 at different levels so that lessons can be learned. The present paper answers these calls and focuses on the analysis of the impact of the COVID-19 crisis on international trade at the country level by investigating two European countries, Romania and Poland. First, it analyzes the macro-level context of the two countries during the COVID-19 pandemic. Then, a regression methodology is employed to measure the impact of the COVID-19 burden (which includes the number of cases and the number of deaths related to COVID-19) on the export and import flows in Romania and Poland. The investigation refers to the first two years of the COVID-19 pandemic, 2020–2021, which were the most significant. The results of the regression analysis showed that international trade was affected by the COVID-19 burden in the two countries, but the influences were different in the two countries. Exports and imports in Poland were more affected by COVID-19 than exports and imports in Romania. COVID-19 also had a higher impact on the import than the export flows in both countries during the period considered. The negative assumed relationships between COVID-19 burden and international trade flows were not verified in these specific country cases. This paper provides more evidence about the economic impact of the COVID-19 crisis, contributing to a better understanding of the economic effects of health crises in general.

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“…A substantial number of publications discuss the potential and recorded impact associated with the spread of the pandemic (Büchel et al 2020;Meier and Pinto 2020;Bonadio et al 2021;Espitia et al 2022;Hayakawa and Mukunoki 2021;Liu et al 2022;Seuring et al 2022;Smith and Fatorachian 2023;Yudha and Roche 2023). A common finding is that the pandemic has forced an unprecedented economic shock (Gorynia and Tr ąpczy ński 2022;Rostan and Rostan 2022;Jurado and Kuo 2023) and challenged the trade flows worldwide (Cao et al 2021;Barbero et al 2021;Petryl ė 2022;Davidescu et al 2022;Yudha and Roche 2023;Enns et al 2023). These issues require multidimensional responses (Karuppiah et al 2022;Chen et al 2023;Smith and Fatorachian 2023) and adaptation for international trade, including GVC-related trade.…”

Section: Introductionmentioning

confidence: 99%

Supply Chain Interconnectedness in Times of Crises: A Gravity Model with DiD Analysis of COVID-19 Effects on Central and Eastern European Trade

Burinskas,

Cohen,

Droždz

2023

Economies

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This paper explores the impact of COVID-19-induced disruptions on supply chains, specifically focusing on the interconnectedness of supply chains and the transmission effects they cause. The gravity model framework, together with difference-in-differences analysis, is employed to analyze monthly trade patterns among Central and Eastern European (CEE) countries, Western European countries, and other trading partner countries. The model presented accounts for the country’s roles in global value chains (GVCs) by incorporating data related to exports, imports of intermediate and capital goods, and imports of final consumption goods. CEE countries have demonstrated a certain resilience during the COVID-19 pandemic. Yet, they were not immune to adverse consequences due to disrupted supply chains, primarily in the imports of intermediate and capital goods. We find that the countries that suffered from the COVID-19 pandemic the least demonstrated remarkable resilience against disrupted GVCs. The findings of our study enrich the literature on the effects of the COVID-19 pandemic, specifically for the CEE region, by providing a framework for understanding the pandemic’s impact on international trade. The results show that supply shock might be greater than demand shocks on production and trade dynamics. Furthermore, our results suggest that policymakers seek adaptability to changing supply and demand patterns, while enterprises should consider broader diversification both within the region and locally.

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COVID-19 Pandemic and Export: Evidence from Lithuania

Cited by 6 publications

References 27 publications

The Influence of COVID-19 on Exports and Imports European Cases during 2020-2021

The Influence of COVID-19 on Exports and Imports European Cases during 2020-2021

Insights about the Effects of COVID-19 on International Trade during the Main Pandemic Years in Romania and Poland

Supply Chain Interconnectedness in Times of Crises: A Gravity Model with DiD Analysis of COVID-19 Effects on Central and Eastern European Trade

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