ABSTRACT
Hu, G.; Li, B., and Xiu, Y., 2019. Impact of cyber attacks on trade between coastal countries: an empirical study., In: Gong, D.; Zhu, H., and Liu, R. (eds.), Selected Topics in Coastal Research: Engineering, Industry, Economy, and Sustainable Development. Journal of Coastal Research, Special Issue No. 94, pp. 976–982. Coconut Creek (Florida), ISSN 0749-0208.
This article uses the cyber attack data collected from an Internet Security Corporation and the bilateral trade data, with an extended gravitational model, explores the impact of cyber attacks on bilateral trade between coastal countries for the first time. The empirical results show that: cyber attacks have an impediment to trade on the importing countries. Further research in the sub-category shows that cyberattacks have no significant effect on capital goods, but they have a significant impediment to consumer goods and intermediate products; and cyber attacks on exporting countries have a significant negative impact on heterogeneous products, and cyber attacks on importing countries have a significant negative effect on the import of homogenous products. This article is the first one to study the impact of cyber attacks on trade, it enriches the research content of the Internet's impact on trade, and also provides useful inspiration for the implementation of the “Internet + trade” strategy.
