000 01561nab a2200265 c 4500
999 _c147661
_d147661
003 ES-MaIEF
005 20230608134256.0
007 ta
008 230608t2023 us ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
100 1 _970699
_aAntràs, Pol
245 0 _aGlobalization and pandemics
_cPol Antràs, Stephen J. Redding, Esteban Rossi-Hansberg
500 _aResumen.
504 _aBibliografía.
520 _aWe provide theory and evidence on the relationship between globalization and pandemics. Business travel facilitates trade and travel leads to human interactions that transmit disease. Trade-motivated travel generates an epidemiological externality across countries. If infections lead to deaths, or reduce individual labor supply, we establish a general equilibrium social distancing effect, whereby increases in relative prices in unhealthy countries reduce travel to those countries. If agents internalize the threat of infection, we show that their behavioral responses lead to a reduction in travel that is larger for higher-trade-cost locations, which initially reduces the ratio of trade to output.
650 4 _936211
_aGLOBALIZACION (ECONOMIA)
650 _aPANDEMIAS
_967998
650 _aCOMERCIO
_938116
650 _aTURISMO
_948636
650 _aMODELOS ECONOMETRICOS
_947776
700 _9836
_aRedding, Stephen
700 _955172
_aRossi Hansberg, Esteban
773 0 _9169587
_oOP 234/2023/4
_tThe American Economic Review
_w(IEF)103372
_x 0002-8282
_g v. 113, n. 4, April 2023, p. 939-981
942 _cART