| Export Restrictions and COVID-19 |
Mamadou Thiam, 1,2 Jean-Claude Kouakou Brou, 1,3 Benur Andrade Varela 1 and |
1Universite de Pau et des Pays de l’Adour, France
1,2Universite de Pau et des Pays de l’Adour, France
2PRISM-Sorbonne, Université Paris 1 Panthéon-Sorbonne, France
1,3Université d’Orléans, France |
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Corresponding Author:
Mamadou Thiam ,Email: mamadou.thiam@univ-paris1.fr |
| Copyright ©2021 The Journal of Economic Integration |
| ABSTRACT |
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As a result of COVID-19, the export of medical goods has been subject to various global restrictions. Consequently, several countries have increased the supply of medical goods to alleviate the effects of this health crisis. This study entails a theoretical and empirical analysis of the effects of such remedial measures. To this end, we have utilized a consistent conjectural variation in a three-country model entailing firms competing in two reciprocal markets in Cournot. When the restrictions are unilateral, the number of medical goods available in the exporting country tends to increase, culminating in better management of the pandemic. In contrast, bilateral restrictions typically reduce the total output of medical goods; therefore, they are inappropriate in a pandemic situation.
JEL Classification
C1: Econometric and Statistical Methods and Methodology: General
C3: Multiple or Simultaneous Equation Models; Multiple Variables
F1: Trade
F12: Models of Trade with Imperfect Competition and Scale Economies
F13: Trade Policy; International Trade Organizations
F14: Empirical Studies of Trade |
| Keywords:
conjectural variation | COVID-19 | export restriction | spatial model | weight matrix
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