Impacts of trade flows on household welfare during COVID-19 pandemic: evidence from OECD countries
Impacts of trade flows on household welfare during COVID-19 pandemic: evidence from OECD countries
While there are studies examining the relationship between COVID-19 policies and international trade, there is still limited evidence examining the relationships between international trade and household welfare during the COVID-19 pandemic. To fill this gap, this study examined the presupposed associations between international trade and household welfare in OECD countries. The study applies the fixed effects regression method to analyze panel data compiled from the UN COMTRADE and the OECD Social and Welfare Statistics databases. The findings reveal that international trade flows show significant associations with various aspects of household welfare indicators including unemployment rate, labor underutilization rate and household savings. Furthermore, the results show that the COVID-19 pandemic had significant effects on labor underutilization, household consumption, and household savings. Policy recommendations are addressed based on the key findings.
COVID-19, fixed effects regression, household welfare, panel data, Trade
119-130
Srisawasdi, Worawat
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Szabo, Sylvia
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Park, Seree
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Tsusaka, Takuji W.
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Matthews, Zoë
ebaee878-8cb8-415f-8aa1-3af2c3856f55
Srisawasdi, Worawat
b891f81c-bca8-4d03-925b-d583b81c50a9
Szabo, Sylvia
01d6bb83-2775-4470-aa2b-b6afbf936187
Park, Seree
8dd5011f-6672-4774-9a83-6bea6ecd3c8b
Tsusaka, Takuji W.
7a4f89fb-d579-4059-b11f-d13536eb65bb
Matthews, Zoë
ebaee878-8cb8-415f-8aa1-3af2c3856f55
Srisawasdi, Worawat, Szabo, Sylvia, Park, Seree, Tsusaka, Takuji W. and Matthews, Zoë
(2024)
Impacts of trade flows on household welfare during COVID-19 pandemic: evidence from OECD countries.
ABAC Journal, 44 (3), .
(doi:10.59865/abacj.2024.26).
Abstract
While there are studies examining the relationship between COVID-19 policies and international trade, there is still limited evidence examining the relationships between international trade and household welfare during the COVID-19 pandemic. To fill this gap, this study examined the presupposed associations between international trade and household welfare in OECD countries. The study applies the fixed effects regression method to analyze panel data compiled from the UN COMTRADE and the OECD Social and Welfare Statistics databases. The findings reveal that international trade flows show significant associations with various aspects of household welfare indicators including unemployment rate, labor underutilization rate and household savings. Furthermore, the results show that the COVID-19 pandemic had significant effects on labor underutilization, household consumption, and household savings. Policy recommendations are addressed based on the key findings.
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e-pub ahead of print date: 9 July 2024
Keywords:
COVID-19, fixed effects regression, household welfare, panel data, Trade
Identifiers
Local EPrints ID: 502770
URI: http://eprints.soton.ac.uk/id/eprint/502770
ISSN: 0858-0855
PURE UUID: 969c1339-b331-441e-8aef-ed8f4b53dbd0
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Date deposited: 08 Jul 2025 16:33
Last modified: 09 Jul 2025 01:34
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Contributors
Author:
Worawat Srisawasdi
Author:
Sylvia Szabo
Author:
Seree Park
Author:
Takuji W. Tsusaka
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