Global and local effects of the COVID-19 pandemic on Africa: What role does tourism play?

Arndt Feuerbacher and Dorothee Flaig

No 333269, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: The COVID19 pandemic has caused an unprecedented decline in global economic growth. COVID19 effects on an economy are numerous, including global and local effects. This study focusses on the pandemic’s impacts on the African continent with the interest to understand how the continent’s integration within the world economy and its dependency on income from tourism determines the severity of the pandemic’s impacts. We are, i.e., interested to identify the global channels that are most vulnerable to distortion and their impact on local welfare. To this end, we report an adapted conceptual framework to identify the main impact channels of the COVID19 pandemic. Based on this framework we employ stylised shocks to single out the different impact channels, thus decomposing GDP effects. These stylised scenarios are informed by the literature on the magnitude of shocks induced by COVID19.

Keywords: Health; Economics; and; Policy (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333269

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