COVID-19 Working Paper: Single Commodity Export Dependence and the Impacts of COVID-19 in Sub-Saharan Africa
Adam Gerval and
No 327336, Administrative Publications from United States Department of Agriculture, Economic Research Service
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)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersap:327336
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