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Can global trade of medical supplies solve the COVID-19 puzzle?

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  • Shaker, Saber

Abstract

The main aim of this study to determine the explanatory variables of the Chinese exports of COVID-19 medical supplies to its 89 major trading partners in the first half of the year 2020. In addition, it explores the puzzle of the COVID-19 pandemic outbreak from an economic perspective. We used the Ordinary-least-square (OLS) regression under a cross-sectional data framework to construct the quantitative analysis. The main findings are: First, the number of old population and the number of COVID-19 confirmed cases in the trading partner have been drivers of Chinese exports of COVID-19 medical supplies. Second, tariff barriers levied on the trading partner significantly impedes the Chinese exports of COVID-19 medical supplies to its trade partners, especially from middle-income countries. In future work, the analysis of this type of trade through the supply-side factors could be investigated. Also, some other variables such as non-tariff measures could be utilized. The study encourages literature for empirically analyzing the trade of medical supplies, in general, under econometric modeling. The results are illustrated based on consistent quantitative evidence.

Suggested Citation

  • Shaker, Saber, 2020. "Can global trade of medical supplies solve the COVID-19 puzzle?," MPRA Paper 104785, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:104785
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    References listed on IDEAS

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    1. Simon J. Evenett, 2020. "Sicken thy neighbour: The initial trade policy response to COVID‐19," The World Economy, Wiley Blackwell, vol. 43(4), pages 828-839, April.
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    More about this item

    Keywords

    COVID-19; Medical supplies; Trade; China; Cross-sectional data;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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