An Analysis of the Impacts of COVID-19 and Freight Cost on Trade of the Economic Belt and the Maritime Silk Road

Dagestani, Abd Alwahed

doi:10.22068/ijiepr.33.3.7

Volume 33, Issue 3 (IJIEPR 2022) IJIEPR 2022, 33(3): 1-16 | Back to browse issues page

‎ 10.22068/ijiepr.33.3.7

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Dagestani A A. An Analysis of the Impacts of COVID-19 and Freight Cost on Trade of the Economic Belt and the Maritime Silk Road. IJIEPR 2022; 33 (3) :1-16
URL: http://ijiepr.iust.ac.ir/article-1-1484-en.html

An Analysis of the Impacts of COVID-19 and Freight Cost on Trade of the Economic Belt and the Maritime Silk Road

Abd Alwahed Dagestani

School of Business, Central South University, Changsha, 4100083, PR China. , a.a.dagestani@csu.edu.cn

Abstract: (3022 Views)

The Coronavirus Disease 2019 (COVID-19) epidemic in China has been controlled periodically. However, we are now in a period of rapid outbreaks worldwide, the situation of epidemic prevention and control in all countries is still tense. Due to the COVID-19 outbreak, objectively, international trade has a higher risk of infection. At this stage, the prevention and control of the epidemic have become a responsibility for the countries worldwide. This study aims to measure the potential economic impacts of COVID-19 on trade volume between China and One Belt One Road countries (OBOR). The economic impacts assessments of (COVID-19) on trade are based on a Gravity model and speed of convergence (SC) method by changes in trading behavior and cost of (COVID -19) outbreak by in affected countries. The results reveal that potential trade values between China and European Union (EU) will drop by 11.5%, China and East Asia and Pacific (EAP) by 6,7%, China and the Middle East and North Africa (MENA) by 8.9%, China and South Asia (SAR) by15%, China and Europe and Central Asia (ECA) by 9%.

Keywords: OBOR Countries, COVID-19, Gravity Model, Freight Cost.

Full-Text [PDF 1155 kb] (932 Downloads)

Type of Study: Research | Subject: Operations Research
Received: 2022/04/19 | Accepted: 2022/05/31 | Published: 2022/09/9