000			01147nam a22001457a 4500
999			_c522867 _d522867
008			230609b ||||| |||| 00| 0 eng d
100			_a Antràs, P., Redding, S.J. and Hansberg, E.R. _941684
245			_aGlobalization and pandemics
260			_aThe American Economic Review
300			_a113(4), Apr, 2023: p.939-981
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.- Reproduced
773			_aThe American Economic Review
906			_aGLOBALISATION
942			_cAR