IDEAS home Printed from https://ideas.repec.org/a/ayb/jrnael/70.html
   My bibliography  Save this article

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

Author

Listed:
  • C. T. Vidya

    (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, 2022. "Has Covid-19 Shaken the World Trade and China’s Preeminence?," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 3(2), pages 1-5.
    • Handle: RePEc:ayb:jrnael:70
    DOI: 2022/06/16
    as

    Download full text from publisher

    File URL: https://a-e-l.scholasticahq.com/api/v1/articles/25380-has-covid-19-shaken-the-world-trade-and-china-s-preeminence.pdf
    Download Restriction: no
    File URL: https://libkey.io/2022/06/16?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. João Amador & Sónia Cabral & Rossana Mastrandrea & Franco Ruzzenenti, 2018. "Who’s Who in Global Value Chains? A Weighted Network Approach," Open Economies Review, Springer, vol. 29(5), pages 1039-1059, November.
    2. Getachew Magnar Kitila & Fuzhong Chen, 2021. "Multilateral Trade Resistance, International Competitiveness and African International Exports: A Network Perspective," International Journal of Science and Business, IJSAB International, vol. 5(10), pages 111-126.
    3. 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.
    4. Wang, Wenya & Li, Zhenfu & Cheng, Xin, 2019. "Evolution of the global coal trade network: A complex network analysis," Resources Policy, Elsevier, vol. 62(C), pages 496-506.
    5. Fredy Cepeda-Lopez & Fredy Gamboa-Estrada & Carlos Leon-Rincón & Hernán Rincon-Castro, 2022. "Colombian Liberalization and Integration into World Trade Markets: Much Ado about Nothing," Revista de Economía del Rosario, Universidad del Rosario, vol. 25(2), pages 1-44, December.
    6. Gautier M Krings & Jean-François Carpantier & Jean-Charles Delvenne, 2014. "Trade Integration and Trade Imbalances in the European Union: A Network Perspective," PLOS ONE, Public Library of Science, vol. 9(1), pages 1-14, January.
    7. Carattini, Stefano & Fankhauser, Sam & Gao, Jianjian & Gennaioli, Caterina & Panzarasa, Pietro, 2023. "What does network analysis teach us about international environmental cooperation?," Ecological Economics, Elsevier, vol. 205(C).
    8. Chessa, Michela & Persenda, Arnaud & Torre, Dominique, 2023. "Brexit and Canadadvent: An application of graphs and hypergraphs to recent international trade agreements," International Economics, Elsevier, vol. 175(C), pages 1-12.
    9. Fathin Faizah Said, 2017. "Global Banking on the Financial Network Modelling: Sectorial Analysis," Computational Economics, Springer;Society for Computational Economics, vol. 49(2), pages 227-253, February.
    10. Barberis, Eduardo & Freddi, Daniela & Giammetti, Raffaele & Polidori, Paolo & Teobaldelli, Désirée & Viganò, Elena, 2020. "Trade Relationships in the European Pork Value Chain: A Network Analysis," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 22(1), May.
    11. Iván Arribas & Francisco Pérez & Emili Tortosa-Ausina, 2014. "The dynamics of international trade integration: 1967–2004," Empirical Economics, Springer, vol. 46(1), pages 19-41, February.
    12. João Amador & Sónia Cabral, 2017. "Networks of Value-added Trade," The World Economy, Wiley Blackwell, vol. 40(7), pages 1291-1313, July.
    13. Shade T Shutters & José Lobo & Rachata Muneepeerakul & Deborah Strumsky & Charlotta Mellander & Matthias Brachert & Teresa Farinha & Luis M A Bettencourt, 2018. "Urban occupational structures as information networks: The effect on network density of increasing number of occupations," PLOS ONE, Public Library of Science, vol. 13(5), pages 1-14, May.
    14. Zongning Wu & Hongbo Cai & Ruining Zhao & Ying Fan & Zengru Di & Jiang Zhang, 2020. "A Topological Analysis of Trade Distance: Evidence from the Gravity Model and Complex Flow Networks," Sustainability, MDPI, vol. 12(9), pages 1-17, April.
    15. Glenn Magerman & Karolien De Bruyne & Jan Van Hove, 2020. "Pecking order and core‐periphery in international trade," Review of International Economics, Wiley Blackwell, vol. 28(4), pages 1113-1141, September.
    16. Lucia Tajoli, 2022. "Too much of a good thing? Russia-EU international trade relations at times of war," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(4), pages 807-834, December.
    17. Rosanna Grassi & Paolo Bartesaghi & Stefano Benati & Gian Paolo Clemente, 2021. "Multi-Attribute Community Detection in International Trade Network," Networks and Spatial Economics, Springer, vol. 21(3), pages 707-733, September.
    18. Paolo Bartesaghi & Gian Paolo Clemente & Rosanna Grassi, 2020. "Community structure in the World Trade Network based on communicability distances," Papers 2001.06356, arXiv.org, revised Jul 2020.
    19. Thorbecke, Willem, 2015. "China–US trade: A global outlier," Journal of Asian Economics, Elsevier, vol. 40(C), pages 47-58.
    20. repec:hal:spmain:info:hdl:2441/6h7io1v56e8k4qtht2cuvjcfa5 is not listed on IDEAS
    21. Tsekeris, Theodore, 2017. "Global value chains: Building blocks and network dynamics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 488(C), pages 187-204.

    More about this item

    Keywords

    china; world trade network;

    JEL classification:

    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • I10 - Health, Education, and Welfare - - Health - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ayb:jrnael:70. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Asia-Pacific Applied Economics Association (email available below). General contact details of provider: https://edirc.repec.org/data/apaeaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.