Naslov
The impact of COVID-19 on international trade: an evidence from Croatia

Autori
Jošić, Hrvoje ; Žmuk, Berislav

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of The International Scientific Conference Trade perspectives 2021: international trade in a post COVID-19 world / Baković, Tomislav ; Naletina, Dora ; Petljak, Kristina - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu ; Hrvatska gospodarska komora (HGK), 2021, 39-51

ISBN
978-953-346-167-0

Skup
Trade Perspectives 2021: International trade in a post COVID-19 world = Perspektive trgovine 2021: Međunarodna trgovina u post-COVID 19 svijetu

Mjesto i datum
Zagreb, Hrvatska, 25.11.2021. - 26.11.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
COVID-19 ; international trade ; Croatia

Sažetak
COVID-19 pandemics has led to unprecedented collapse of world economy, followed by the supply and demand disruptions, fall in commodity prices, reduced manufacturing output and disrupted operations in global value chains. The crisis also dealt a violent blow to the international trade, with disruptive economic impact of lockdown measures taken. The goal of this paper is to estimate the impact of COVID-19 on international trade in the case of Croatia. The data for the analysis are provided on a monthly basis for the period from January 2019 to February 2021. For the purpose of the analysis, eight panel regression models will be constructed for Croatian bilateral trade with over 180 countries in the world. In four panel regression models the role of dependent variable will have the Croatian exports variable while in other four panel regression models the role of dependent variable will have the Croatian imports variable. On the other side, the independent variables in the model will be the new cases and new deaths due to the COVID-19 variables, the stringency index and lockdown dummy variable. It is expected that all explanatory variables will have negative effect on the value of Croatian bilateral exports and imports. This study can be important for economic policy makers and trade related subjects in order to evaluate changes in trade flows in the time of pandemics.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA