Economic impact of government intervention in response to covid-19 in selected sub-Saharan African countries

Priviledge Cheteni and Adrino Mazenda

Development Southern Africa, 2023, vol. 40, issue 2, 406-420

Abstract: This article provides insights into the economic impact of government actions in response to the COVID-19 pandemic in selected Sub-Saharan Africa countries, purposively selected. A fixed-effect modelling approach was utilised drawing on Oxford COVID-19 Government Response Tracker (OxCGRT) database from January 21 to September 17, 2020, in South Africa, Zambia, Zimbabwe, Tanzania and Uganda. Key findings entail those announcements of government lockdowns were positively related to COVID-19 cases and negatively related to restrictions on internal movement and interest rate decisions from the central banks. Governments’ announcements regarding income support packages and debt relief were related to the increase in the number of COVID-19 cases. With most global economies grappling with a second wave, and the consequences of the first surge in both social well-being and economic growth, income and debt relief strategies should be continued to benefit households and companies. In addition, countries in the Africa-Sub Saharan region must create a relief fund to support members in distress. Finally, a sustainable regional model on business and tourism must be created to foster development and growth during periods of partial or total lockdown.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/0376835X.2022.2046550 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:deveza:v:40:y:2023:i:2:p:406-420

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CDSA20

DOI: 10.1080/0376835X.2022.2046550

Access Statistics for this article

Development Southern Africa is currently edited by Marie Kirsten

More articles in Development Southern Africa from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().