Trade and the COVID-19 Pandemic : Lessons from French Firms /

This paper uses granular customs data from France to investigate propagation of the COVID-19 shock along the supply chains in 2020. It quantifies the effect of the COVID-19 shock on trade adjustment and identifies mitigating and amplifying factors contributing to French firmsa' heterogeneous ad...

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Bibliographic Details
Main Author: Brussevich, Mariya
Other Authors: Papageorgiou, Chris, Wibaux, Pauline
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2022.
Series:IMF Working Papers; Working Paper ; No. 2022/081
Subjects:
Online Access:Full text available on IMF
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245 1 0 |a Trade and the COVID-19 Pandemic :   |b Lessons from French Firms /  |c Mariya Brussevich, Chris Papageorgiou, Pauline Wibaux. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (34 pages) 
490 1 |a IMF Working Papers 
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520 3 |a This paper uses granular customs data from France to investigate propagation of the COVID-19 shock along the supply chains in 2020. It quantifies the effect of the COVID-19 shock on trade adjustment and identifies mitigating and amplifying factors contributing to French firmsa' heterogeneous adjustment paths. Early in the pandemic, firms mainly responded to global lockdowns and spread of the virus by reducing trade volumes (intensive margin) as opposed to exiting from import and export markets (ex-tensive margin). However, adjustment along the extensive margin played a more important role in trade with developing countries. It is shown that the impact of lockdowns was stronger for final consumer goods and the trade recovery was predominantly demand-driven. More automated, inventory-intensive, older, and medium-sized firms were more insulated from the shock, whereas firmsa' reliance on air transportation for shipping goods amplified the shock. Trade bans and promotion measures implemented by governments in response to the pandemic had little impact on aggregate trade flows. 
538 |a Mode of access: Internet 
650 7 |a COVID-19  |2 imf 
650 7 |a Firm Behavior  |2 imf 
650 7 |a Supply Chains Disruptions  |2 imf 
650 7 |a Trade  |2 imf 
700 1 |a Papageorgiou, Chris. 
700 1 |a Wibaux, Pauline. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/081 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=081  |z IMF e-Library