Swiss trade during the COVID-19 pandemic: an early appraisal

Büchel, Konstantin; Legge, Stefan; Pochon, Vincent; Wegmüller, Philipp (2020). Swiss trade during the COVID-19 pandemic: an early appraisal. Swiss journal of economics and statistics, 156(1), p. 22. Springer 10.1186/s41937-020-00069-3

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This study uses trade data from Switzerland’s Federal Customs Administration to examine the impact of COVID-19 on international goods trade between January and July 2020. We show that Swiss trade during that period fell by 11% compared to 2019 and that the contraction following the “Federal Lockdown” in mid-March was considerably steeper than the Swiss trade collapse in the aftermath of the Lehman Brothers bankruptcy in September 2008. Examining cross-country variation in COVID-19 cases, the stringency of containment measures, and Swiss trade flows, we document that the pandemic adversely affected both the demand and supply side of foreign trade, while trade restrictions and exchange rate fluctuations played no major role behind the rapid decline of Swiss trade in the first half of 2020.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Economics
11 Centers of Competence > Center for Regional Economic Development (CRED)

UniBE Contributor:

Büchel, Konstantin

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

2235-6282

Publisher:

Springer

Language:

English

Submitter:

Dino Collalti

Date Deposited:

08 Jan 2021 14:29

Last Modified:

10 Jan 2021 02:53

Publisher DOI:

10.1186/s41937-020-00069-3

PubMed ID:

33392113

BORIS DOI:

10.48350/150861

URI:

https://boris.unibe.ch/id/eprint/150861

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