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

Adam Gerval and James Hansen

No 327336, Administrative Publications from United States Department of Agriculture, Economic Research Service

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: International; Relations/Trade (search for similar items in EconPapers)
Pages: 31
Date: 2022-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersap:327336

DOI: 10.22004/ag.econ.327336

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