International Scientific Conference „Business and Management“, 12th International Scientific Conference „Business and Management 2022“

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THE IMPACT OF THE PANDEMIC YEAR ON EXPORT: LITHUANIAN GRAVITY
Vaiva Petrylė

Last modified: 2022-05-06

Abstract


In this paper I construct gravity model for Lithuania and analyse pandemic-related changes of Lithuania’s goods export. Results suggest that pandemic resulted in a decreased export of aircraft, railway products, meat and preparations of cereals and milk. Positive influence was registered for beverages and spirits, tobacco, furniture, electric appliances, fuels, vehicles and medical and pharmaceutical products. I find that Lithuania’s export of products of higher complexity was more often affected positively by the pandemic. Results show positive influence of the pandemic for Lithuania’s export to countries of higher economic complexity and the ones having stronger trade relations with Lithu-ania. There was no relationship between the effects of the pandemic and the size of the destination countries.

DOI: https://doi.org/10.3846/bm.2022.754


Keywords


COVID-19, pandemic, export, gravity model, Lithuania

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