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The impact of supply bottlenecks on trade

Author

Listed:
  • Frohm, Erik
  • Gunnella, Vanessa
  • Mancini, Michele
  • Schuler, Tobias

Abstract

This box documents recent transport and input-related bottlenecks in global trade and shows how euro area countries have been particularly affected. An empirical analysis assesses the impact of supply bottlenecks on global and euro area export growth and estimates the cumulated shortfall for the level of goods exports to be 6.7% for the euro area and 2.3% for the rest of the world. JEL Classification: F10, D24, E23, E31

Suggested Citation

  • Frohm, Erik & Gunnella, Vanessa & Mancini, Michele & Schuler, Tobias, 2021. "The impact of supply bottlenecks on trade," Economic Bulletin Boxes, European Central Bank, vol. 6.
    • Handle: RePEc:ecb:ecbbox:2021:0006:4
    Note: 2700331
    as

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    More about this item

    Keywords

    exports; shortage; supply bottlenecks; transport;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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