The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia
The COVID‐19 impact on the global economy combined with partial lockdown measures in Ethiopia represents a large, unprecedented shock to the country's economy. The social accounting matrix (SAM) multiplier model, built on the most up‐to‐date SAM (2017) for Ethiopia, shows that the country suffered a...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Language: | Inglés |
| Published: |
African Development Bank
2021
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/142265 |
| _version_ | 1855519894728081408 |
|---|---|
| author | Aragie, Emerta A. Taffesse, Alemayehu Seyoum Thurlow, James |
| author_browse | Aragie, Emerta A. Taffesse, Alemayehu Seyoum Thurlow, James |
| author_facet | Aragie, Emerta A. Taffesse, Alemayehu Seyoum Thurlow, James |
| author_sort | Aragie, Emerta A. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The COVID‐19 impact on the global economy combined with partial lockdown measures in Ethiopia represents a large, unprecedented shock to the country's economy. The social accounting matrix (SAM) multiplier model, built on the most up‐to‐date SAM (2017) for Ethiopia, shows that the country suffered a 14.3% loss in GDP (Birr 43.5 billion or US$1.9 billion) during the lockdown period compared to the no‐COVID case during the same period. Nearly two‐thirds of the losses come from the services sector. Although no direct restrictions were imposed on the agriculture sector, which is the primary means of livelihood for most, the sector faces a 4.7% loss in output due to its linkages with the rest of the economy. We find dissimilar income and poverty effects across households by income quintile and level of urbanization. The study also considers two recovery scenarios and generates relevant insights on the potential impacts of COVID‐19 by the end of 2020. The earmarked relief and recovery plan resources can only help the economy to recover if targeted in an efficient way towards sectors most affected by COVID‐19, and further resources are mobilized to support strategic sectors—those with the highest economywide multiplier effects—and vulnerable communities. |
| format | Journal Article |
| id | CGSpace142265 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | African Development Bank |
| publisherStr | African Development Bank |
| record_format | dspace |
| spelling | CGSpace1422652025-03-18T19:48:25Z The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia Aragie, Emerta A. Taffesse, Alemayehu Seyoum Thurlow, James models economic impact covid-19 gross national product quarantine poverty The COVID‐19 impact on the global economy combined with partial lockdown measures in Ethiopia represents a large, unprecedented shock to the country's economy. The social accounting matrix (SAM) multiplier model, built on the most up‐to‐date SAM (2017) for Ethiopia, shows that the country suffered a 14.3% loss in GDP (Birr 43.5 billion or US$1.9 billion) during the lockdown period compared to the no‐COVID case during the same period. Nearly two‐thirds of the losses come from the services sector. Although no direct restrictions were imposed on the agriculture sector, which is the primary means of livelihood for most, the sector faces a 4.7% loss in output due to its linkages with the rest of the economy. We find dissimilar income and poverty effects across households by income quintile and level of urbanization. The study also considers two recovery scenarios and generates relevant insights on the potential impacts of COVID‐19 by the end of 2020. The earmarked relief and recovery plan resources can only help the economy to recover if targeted in an efficient way towards sectors most affected by COVID‐19, and further resources are mobilized to support strategic sectors—those with the highest economywide multiplier effects—and vulnerable communities. 2021-06-17 2024-05-22T12:10:14Z 2024-05-22T12:10:14Z Journal Article https://hdl.handle.net/10568/142265 en Limited Access African Development Bank Aragie, Emerta; Taffesse, Alemayehu Seyoum; and Thurlow, James. 2021. The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia. African Development Review 31(S1): S152-S164. https://doi.org/10.1111/1467-8268.12519 |
| spellingShingle | models economic impact covid-19 gross national product quarantine poverty Aragie, Emerta A. Taffesse, Alemayehu Seyoum Thurlow, James The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia |
| title | The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia |
| title_full | The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia |
| title_fullStr | The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia |
| title_full_unstemmed | The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia |
| title_short | The short‐term economywide impacts of COVID‐19 in Africa: Insights from Ethiopia |
| title_sort | short term economywide impacts of covid 19 in africa insights from ethiopia |
| topic | models economic impact covid-19 gross national product quarantine poverty |
| url | https://hdl.handle.net/10568/142265 |
| work_keys_str_mv | AT aragieemertaa theshorttermeconomywideimpactsofcovid19inafricainsightsfromethiopia AT taffessealemayehuseyoum theshorttermeconomywideimpactsofcovid19inafricainsightsfromethiopia AT thurlowjames theshorttermeconomywideimpactsofcovid19inafricainsightsfromethiopia AT aragieemertaa shorttermeconomywideimpactsofcovid19inafricainsightsfromethiopia AT taffessealemayehuseyoum shorttermeconomywideimpactsofcovid19inafricainsightsfromethiopia AT thurlowjames shorttermeconomywideimpactsofcovid19inafricainsightsfromethiopia |