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COVID-19 Crisis and International Trade.Two Country Cases

Author

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  • Adrian Tudor TUDORACHE

    (Bucharest University of Economic Studies)

Abstract

The recent COVID-19 health crisis determined a global economic crisis and numerous economic consequences at different levels. In these conditions, the study of the economic impact of the health crisis became a necessity. Therefore, the present paper focuses on the study of the impact of the COVID-19 crisis on international economic relations, using the example of two countries. Based on the regression methodology it was measured the impact of the COVID-19 burden on the international trade flows of two European countries, namely Romania and Hungary. The results of the research illustrated that the COVID-19 burden had an effect on international trade in the two countries. However, the influences differed in the two countries, with the exports flows being more affected than imports in both countries and with exports in Hungary being more affected that those of Romania.

Suggested Citation

  • Adrian Tudor TUDORACHE, 2021. "COVID-19 Crisis and International Trade.Two Country Cases," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(5), pages 659-669, December.
    • Handle: RePEc:rom:rmcimn:v:22:y:2021:i:5:p:659-669
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    References listed on IDEAS

    as
    1. Yujiang Bi & W. Robert J. Alexander & Zhen Pei, 2019. "Factors affecting trade in services: evidence from panel data," Applied Economics, Taylor & Francis Journals, vol. 51(34), pages 3730-3739, July.
    2. Leach, Melissa & MacGregor, Hayley & Scoones, Ian & Wilkinson, Annie, 2021. "Post-pandemic transformations: How and why COVID-19 requires us to rethink development," World Development, Elsevier, vol. 138(C).
    3. Hayakawa, Kazunobu & Mukunoki, Hiroshi, 2020. "Impacts of covid-19 on international trade : evidence from the first quarter of 2020," IDE Discussion Papers 791, Institute of Developing Economies, Japan External Trade Organization(JETRO).
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    More about this item

    Keywords

    COVID-19 crisis; International Trade; Central and Eastern Europe; Hungary; Romania.;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F18 - International Economics - - Trade - - - Trade and Environment
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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