Exploring the Growth Effects of COVID-19 across Developing Countries
This paper investigates the spread of the COVID-19 pandemic and its impact on economic growth across developing countries. It documents the evolution and co-movement of COVID-19 infections with government responses (including health containment mea...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/511111640017525158/Exploring-the-Growth-Effects-of-COVID-19-across-Developing-Countries http://hdl.handle.net/10986/36781 |
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okr-10986-367812021-12-24T05:10:41Z Exploring the Growth Effects of COVID-19 across Developing Countries Calderon, Cesar Kubota, Megumi ECONOMIC GROWTH CONTAINMENT FISCAL SPACE GROWTH DRIVERS CORONAVIRUS COVID-19 PANDEMIC IMPACT This paper investigates the spread of the COVID-19 pandemic and its impact on economic growth across developing countries. It documents the evolution and co-movement of COVID-19 infections with government responses (including health containment measures) across developing countries. It then estimates the impact of the different channels of transmission of COVID-19 on economic growth—thus, identifying factors that contribute to the economic resilience of countries during the pandemic shocks. The findings show that the pandemic’s impact on the decline in growth was substantive across the different developing country groups—although at different rates. The estimates show that a deeper downturn in economic activity due to the pandemic can be averted in countries with higher levels of human capital, well-targeted containment measures, and improved global health security. Diversifying trade patterns (across products and markets) is also crucial, and so is strengthening intraregional trade, as higher commerce across borders within the different developing regions may help secure the supply chains of essential goods in times of crisis—and particularly during pandemics. Finally, having fiscal space and a less risky public debt profile can make these economies more resilient against crisis. 2021-12-23T15:09:02Z 2021-12-23T15:09:02Z 2021-12 Working Paper http://documents.worldbank.org/curated/undefined/511111640017525158/Exploring-the-Growth-Effects-of-COVID-19-across-Developing-Countries http://hdl.handle.net/10986/36781 English Policy Research Working Paper;No. 9889 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Sub-Saharan Africa |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH CONTAINMENT FISCAL SPACE GROWTH DRIVERS CORONAVIRUS COVID-19 PANDEMIC IMPACT |
| spellingShingle |
ECONOMIC GROWTH CONTAINMENT FISCAL SPACE GROWTH DRIVERS CORONAVIRUS COVID-19 PANDEMIC IMPACT Calderon, Cesar Kubota, Megumi Exploring the Growth Effects of COVID-19 across Developing Countries |
| geographic_facet |
Africa Sub-Saharan Africa |
| relation |
Policy Research Working Paper;No. 9889 |
| description |
This paper investigates the spread of
the COVID-19 pandemic and its impact on economic growth
across developing countries. It documents the evolution and
co-movement of COVID-19 infections with government responses
(including health containment measures) across developing
countries. It then estimates the impact of the different
channels of transmission of COVID-19 on economic
growth—thus, identifying factors that contribute to the
economic resilience of countries during the pandemic shocks.
The findings show that the pandemic’s impact on the decline
in growth was substantive across the different developing
country groups—although at different rates. The estimates
show that a deeper downturn in economic activity due to the
pandemic can be averted in countries with higher levels of
human capital, well-targeted containment measures, and
improved global health security. Diversifying trade patterns
(across products and markets) is also crucial, and so is
strengthening intraregional trade, as higher commerce across
borders within the different developing regions may help
secure the supply chains of essential goods in times of
crisis—and particularly during pandemics. Finally, having
fiscal space and a less risky public debt profile can make
these economies more resilient against crisis. |
| format |
Working Paper |
| author |
Calderon, Cesar Kubota, Megumi |
| author_facet |
Calderon, Cesar Kubota, Megumi |
| author_sort |
Calderon, Cesar |
| title |
Exploring the Growth Effects of COVID-19 across Developing Countries |
| title_short |
Exploring the Growth Effects of COVID-19 across Developing Countries |
| title_full |
Exploring the Growth Effects of COVID-19 across Developing Countries |
| title_fullStr |
Exploring the Growth Effects of COVID-19 across Developing Countries |
| title_full_unstemmed |
Exploring the Growth Effects of COVID-19 across Developing Countries |
| title_sort |
exploring the growth effects of covid-19 across developing countries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/undefined/511111640017525158/Exploring-the-Growth-Effects-of-COVID-19-across-Developing-Countries http://hdl.handle.net/10986/36781 |
| _version_ |
1764485882918731776 |