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Impacts of Vaccination on International Trade During the Pandemic Era

Bibliographic Data

ID21310447
AuthorsKazunobu Hayakawa (0000-0003-0032-9060, Bangkok Research Center, Institute of Developing Economies, JETRO Bangkok Thailand, corresponding author)
Year2022
Volume60
Issue4
Pages206-227
Publication date2022-12-01
Open AccessYes
TypeARTICLE
VenueThe Developing Economies (JOURNAL)
Journal identifiersISSN: 0012-1533 • E-ISSN: 1746-1049
PublisherWiley (PUBLISHER • GB)
DOI10.1111/deve.12332
PMID36710984
OpenAlexW4306946991
LanguageEN
References cited32

This paper examines how COVID‐19 vaccinations change international trade. We analyze monthly level trade data from January 2020 to March 2022 that cover the bilateral exports from 40 reporting countries to 220 partner countries. Our findings can be summarized as follows. On average, the effects of vaccination rates in importing and exporting countries on exports were found to be insignificant. When considering the income level, we also did not find significant effects of vaccination rates in high‐ and low‐income importing countries on exports. In contrast, the rise of vaccination rates in low‐income exporting countries significantly increased their exports though no significant increase in exports was detected when vaccination rates rose in high‐income exporting countries. These results imply that since low‐income countries are mainly engaged in labor‐intensive industries, the relaxation of lockdown orders (i.e., movement and gathering restrictions) driven by the rise of vaccination rates plays a crucial role in production activities in low‐income countries

Business · Coronavirus disease 2019 (COVID-19) · Demographic economics · Developing country · Economic growth · Economics · International economics · Pandemic · Vaccination · COVID-19 epidemiological studies · COVID-19 Pandemic Impacts · Medicine · Vaccine Coverage and Hesitancy · Virology

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