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Has Covid-19 Shaken the World Trade and China’s Preeminence?

Author

Listed:
  • C. T. Vidya
  • world trade network
  • covid-19

    (Centre for Economic and Social Studies (CESS), Hyderabad, India)

Abstract

The study compares the world trade network among the top merchandise trading countries before and during the COVID-19 pandemic. China’s preeminence in world trade during the 2020 pandemic is also examined. The results reveal that the pandemic did not change the position of the countries in the world trade network during 2020, however, it drastically reduced trade density, interconnectedness, and connectivity. During 2020, China’s trade preference was inclined toward intraregional trade due to the COVID-19 restrictions, which helped it regain global leadership.

Suggested Citation

  • C. T. Vidya & world trade network & covid-19, 2021. "Has Covid-19 Shaken the World Trade and China’s Preeminence?," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 0(-), pages 1-5.
    • Handle: RePEc:ayb:jrnael:50
    DOI: 2021/11/06
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    References listed on IDEAS

    as
    1. Giorgio Fagiolo & Javier Reyes & Stefano Schiavo, 2010. "The evolution of the world trade web: a weighted-network analysis," Journal of Evolutionary Economics, Springer, vol. 20(4), pages 479-514, August.
    2. C.T., Vidya & K.P., Prabheesh & Sirowa, Saahil, 2020. "Is Trade Integration Leading to Regionalization? Evidence from Cross-Country Network Analysis," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 35(1), pages 10-38.
    3. Padhan, Rakesh & Prabheesh, K.P., 2021. "The economics of COVID-19 pandemic: A survey," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 220-237.
    4. Iapadre, P. Lelio & Tajoli, Lucia, 2014. "Emerging countries and trade regionalization. A network analysis," Journal of Policy Modeling, Elsevier, vol. 36(S1), pages 89-110.
    5. C. T. Vidya & K. P. Prabheesh, 2020. "Implications of COVID-19 Pandemic on the Global Trade Networks," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(10), pages 2408-2421, August.
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    Cited by:

    1. Prabheesh, K.P. & Sasongko, Aryo & Indawan, Fiskara, 2023. "Did the policy responses influence credit and business cycle co-movement during the COVID-19 crisis? Evidence from Indonesia," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 243-255.

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    More about this item

    Keywords

    china; world trade network; covid-19;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • F1 - International Economics - - Trade
    • N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East

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