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Impact of COVID-19 pandemic on exports: new evidence from selected European Union countries and Turkey

Author

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  • Orhan Cengiz

    (Cukurova University)

  • Müge Manga

    (Erzincan Binali Yıldırım University)

Abstract

The COVID-19 pandemic, a new type of coronavirus that the world faced, broke out at the end of 2019 causing numerous impacts on all countries. Particularly the European Union (EU) countries were notably affected by COVID-19 pandemic lockdowns and stringency policies. Furthermore, although Turkey was successful in combating many areas of the COVID-19 pandemic compared to the EU countries, its international trade was affected. This paper empirically investigates the impact of the COVID-19 pandemic on selected EU countries (Bulgaria, Estonia, France, Germany, Greece, Latvia, Lithuania, Luxembourg, Poland, Romania, Slovakia, Slovenia, Spain, Czechia) and Turkey’s exports with monthly panel data analyses over the March 2020–December 2021 period. The findings suggest that the COVID-19 pandemic had negative impacts on exports in the EU and Turkey. For example, a 1% increase in COVID-19 stringency reduced exports by 0.102%, and a 1% increase in total COVID-19 cases caused a decline in exports of 1.620%. Furthermore, the Dumitrescu–Hurlin panel causality test results show a two-way causality relationship between COVID-19 cases and export levels. In addition, unidirectional causality linkage exists from the COVID-19 stringency index. Therefore, causality test results confirm an impact of the COVID-19 pandemic on exports during the stringency measures and lockdowns.

Suggested Citation

  • Orhan Cengiz & Müge Manga, 2022. "Impact of COVID-19 pandemic on exports: new evidence from selected European Union countries and Turkey," Asia-Pacific Journal of Regional Science, Springer, vol. 6(3), pages 1195-1219, October.
    • Handle: RePEc:spr:apjors:v:6:y:2022:i:3:d:10.1007_s41685-022-00249-4
    DOI: 10.1007/s41685-022-00249-4
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    Cited by:

    1. Tüzin Baycan & Suat Tuysuz, 2022. "Special Feature on social, economic, and spatial impacts of COVID-19 pandemic in Turkey," Asia-Pacific Journal of Regional Science, Springer, vol. 6(3), pages 1041-1051, October.

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    More about this item

    Keywords

    COVID-19 pandemic; Exports; International trade; EU; Turkey;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F61 - International Economics - - Economic Impacts of Globalization - - - Microeconomic Impacts
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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