COVID-19, air transportation, and international trade in the ASEAN+5 region
Discussion paper
Title | COVID-19, air transportation, and international trade in the ASEAN+5 region |
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Report Type | Discussion paper |
Authors | Zhang, Anming (Author), Sun, Xiaoqian (Author), Wandelt, Sebastian (Author), Zhang, Yahua (Author), Xu, Shiteng (Author) and Shen, Ronghua (Author) |
Institution of Origin | University of Southern Queensland |
Number of Pages | 55 |
Series | ERIA-DP-2021-34 |
Year | 2021 |
Publisher | Economic Research Institute for ASEAN and East Asia (ERIA) |
Web Address (URL) | https://www.eria.org/research/covid-19-air-transportation-and-international-trade-in-the-asean5-region/ |
Abstract | This paper provides an in-depth description of the coronavirus disease (COVID-19) pandemic and its interactions with air transportation in the Association of Southeast Asian Nations (ASEAN) + 5 region, and then links the changes in air connectivity to trade using a gravity regression model. We find that almost all the countries probably reacted too late in their decision to reduce flights in the early stage of the pandemic. As the pandemic evolved, most countries have significantly cut the number of flight connections, especially international flights. The reduced connectivity is found to have a significantly negative impact on trade for time-sensitive merchandise that is essential to consumers and businesses. This points to the importance of the region seeking alternative arrangements to restore air connectivity. We offer a way to construct optimal travel bubbles by using the introduced risk indexes. Other policy issues such as uniform standards and regulations, and regional ‘open skies’, are also discussed. |
Keywords | ASEAN, ASEAN+5, COVID-19, air transportation, trade |
ANZSRC Field of Research 2020 | 380117. Transport economics |
380110. International economics | |
350901. Air transportation and freight services | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | University of British Columbia, Canada |
Beihang University, China | |
School of Business | |
East China Normal University, China |
https://research.usq.edu.au/item/q6q6x/covid-19-air-transportation-and-international-trade-in-the-asean-5-region
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