Impact of Covid-19 on GDP and Trade: A Case of African Countries
Keywords:
Covid-19, economic growth, trade, trading activities, GDP, GDP growth, AfricaAbstract
This research aims to find out the impact of Covid-19 on the GDP and Trade of African countries. This research paper has employed a quantitative design to determine the relationship between Covid-19 and the GDP and Trade of African counties. This research has analyzed the historic data from 1961 to 2020 to study the differences in the economic growth caused due to the pandemic. Stata has
been used for analyzing the data where descriptive statistics and Panel data regression have been applied. In particular, the GLS model has been applied due to heteroscedasticity in the variables. The quantitative data of the study that was collected for this research has shown that Covid-19 has negatively influenced the economic performance and productivity of African countries. The ten African
countries selected for this research were influenced adversely in the context of trading activities and GDP growth.
References
Ataguba, J. E. (2020). COVID-19 pandemic, a war to be won: understanding its economic implications for Africa. Applied Health Economics and Health Policy, 18(3), 325-328.
Carbone, J. C., & Rivers, N. (2017). The impacts of unilateral climate policy on competitiveness: evidence from computable general equilibrium models. Review of Environmental Economics and Policy, 11(1), 24-42.
Erokhin, V., & Gao, T. (2020). Impacts of COVID-19 on Trade and Economic Aspects of Food Security: Evidence from 45 Developing Countries. International journal of environmental research and public health, 17(16), 5775.
Geda, A. (2020). The macroeconomic and social impact of COVID-19 in Ethiopia and suggested direction for policy response. Department of Economics, AAU, 1-25.
Makridis, C., & Hartley, J. (2020). The Cost of COVID-19: A Rough Estimate of the 2020 U.S. GDP. (March 22, 2020). http://dx.doi.org/10.2139/ssrn.3559139.
Maliszewska, M., Mattoo, A., & Van Der Mensbrugghe, D. (2020). The potential impact of COVID-19 on GDP and trade: A preliminary assessment. World Bank policy research working paper, (9211). The World Bank.
Manwa, F., & Wijeweera, A. (2016). Trade liberalization and economic growth link: The case of Southern African Custom Union countries. Economic Analysis and Policy, 51, 12-21.
Osakwe, P. N., Santos-Paulino, A. U., & Dogan, B. (2018). Trade dependence, liberalization, and exports diversification in developing countries. Journal of African Trade, 5(1-2), 19-34.
Ozili, P. (2020). COVID-19 in Africa: socio-economic impact, policy response and opportunities. International Journal of Sociology and Social Policy, 42(3/4), 177-200.
Senadza, B., & Diaba, D. D. (2017). Effect of exchange rate volatility on trade in SubSaharan Africa. Journal of African Trade, 4(1-2), 20-36.
Sheridan, A., Andersen, A. L., Hansen, E. T., & Johannesen, N. (2020). Social distancing laws cause only small losses of economic activity during the COVID19 pandemic in Scandinavia. Proceedings of the National Academy of Sciences, 117(34), 20468-20473.
Simionescu, M., Lazányi, K., Sopková, G., Dobeš, K., & Adam, P. B. (2017). Determinants of Economic Growth in V4 Countries and Romania. Journal of Competitiveness, 9(1), 103-116.
Zimmermann, K. F., Karabulut, G., Bilgin, M. H., & Doker, A. C. (2020). Inter-country distancing, globalisation and the coronavirus pandemic. The World Economy, 43(6), 1484-1498.
Downloads
Published
How to Cite
Issue
Section
License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This is a state of publication that makes writers respect the copyright of their articles and enables us to ensure full copyright protection and to disseminate international journals. Authors are asked to transfer copyrights to ensure the widest possible dissemination of information. Notification will be sent to the relevant Author who confirms receipt of the manuscript. If citations from other copyrighted works are included, the Author must obtain written permission from the copyright owner and give credit to the source in the article.




