Understanding the impact of the coronavirus outbreak on the economic integration of ASEAN countries

Abstract

This study examines the impact of the coronavirus pandemic on the economic integration of the ASEAN-6 region. The study finds that the coronavirus pandemic's impact can be easily traced using stringency, bilateral exports, and tourist arrivals, indicating a significant implication for the economic integration process. The firm-level analysis suggests that though the coronavirus outbreak's impact has caused uniformly to firms, the effect varies across ASEAN-6 nations. The pandemic strongly impacts large firms.