MODELLING THE ECONOMIC IMPACT OF COVID-19

IMPLICATIONS FOR AFRICAN COUNTRIES

  • Obukohwo Oba Efayena University of Nigeria, Nsukka
  • Enoh H Olele Delta State University, Nigeria
Keywords: Framework, Neoclassical, Steady State

Abstract

This study seeks to build an economic model for the impact of Covid-19 pandemic on economic indicators with far-reaching implications for African economies, given the huge economic challenges of the pandemic. Adopting a modified Solow-Swan (1956) model, the study built a model which incorporated capital stocks and income indicators, and established that the Covid-19 pandemic has implications for capital stocks through savings and investment, and in the long run impact economic output. Therefore, there is urgent need to build an inclusive and resilient policy framework to combat the ravaging effects of the pandemic towards economic recovery and stabilization. 

Author Biographies

Obukohwo Oba Efayena, University of Nigeria, Nsukka

Department of Economics

Enoh H Olele, Delta State University, Nigeria

Department of Economics

Published
2020-12-09
How to Cite
Efayena, O., & Olele, E. (2020). MODELLING THE ECONOMIC IMPACT OF COVID-19. African Journal of Social and Behavioural Sciences, 10(2). Retrieved from https://journals.aphriapub.com/index.php/AJSBS/article/view/1177
Section
Articles