COVID-19 Working Paper: Single Commodity Export Dependence and the Impacts of COVID-19 in Sub-Saharan Africa

Adam Gerval and James Hansen

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2022, vol. 2022, issue Administrative Publication Number (AP-101)

Abstract: This working paper illuminates the impact that volatility in international commodity prices has on U.S. agricultural product export volumes to sub-Saharan Africa (SSA). The current Coronavirus (COVID-19) crisis has created such a period of intense price volatility, offering a unique opportunity for modeling potential effects of a global shock on trade with these nations. By simulating the effects of declining oil prices in 2020 and subsequent years through a shock to gross domestic product (GDP) in oil-dependent nations—i.e., Angola and Nigeria—we can evaluate the impacts of COVID-19 on agricultural trade for key U.S. export commodities to SSA.

Keywords: Agribusiness; Agricultural Finance; Crop Production/Industries; Demand and Price Analysis; Financial Economics; International Development; International Relations/Trade; Political Economy; Production Economics; Productivity Analysis; Public Economics (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:329741

DOI: 10.22004/ag.econ.329741

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