When travel restrictions became trade frictions: evidence from Covid-era border closures (opens in new tab)

John Lewis Covid travel restrictions limited movement of people but also made cross-border goods trade more difficult. Did this contribute to the fall in global goods trade during the pandemic, and if so by how much? In a recent paper using a structural gravity model on global trade flows with domestic trade, I show that … Continue reading When travel restrictions became trade frictions: evidence from Covid-era border closures →