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Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence

Author

Listed:
  • Samba Diop

    (Alioune Diop University, Bambey, Senegal)

  • Simplice A. Asongu

    (Yaoundé, Cameroon)

  • Joseph Nnanna

    (The Development Bank of Nigeria, Abuja, Nigeria)

Abstract

The study complements the extant literature by constructing Covid-19 economic vulnerability and resilience indexes using a global sample of 150 countries which are categorized into four principal regions, namely: Africa, Asia-Pacific and the Middle East, America and Europe. Seven variables are used for the vulnerability index and nine for the resilience index. Both regions and sampled countries are classified in terms of the two proposed and computed indexes. The classification of countries is also provided in terms of four scenarios pertaining to vulnerability and resilience characteristics, notably: low vulnerability-low resilience, high vulnerability-low resilience, high vulnerability-high resilience and low vulnerability-high resilience to respectively illustrate, sensitive, severe, asymptomatic and best cases. The findings are relevant to policy makers especially as it pertains to decision making in resources allocation in the fight against the global pandemic.

Suggested Citation

  • Samba Diop & Simplice A. Asongu & Joseph Nnanna, 2020. "Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence," Working Papers 20/070, European Xtramile Centre of African Studies (EXCAS).
    • Handle: RePEc:exs:wpaper:20/070
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    References listed on IDEAS

    as
    1. Hafeez A. Adekola & Ibrahim A. Adekunle & Haneefat O. Egberongbe & Sefiu A. Onitilo & Idris N. Abdullahi, 2020. "Mathematical Modelling for Infectious Viral Disease: the Covid-19 Perspective," Working Papers 20/053, European Xtramile Centre of African Studies (EXCAS).
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    6. Hafeez A. Adekola & Ibrahim A. Adekunle & Haneefat O. Egberongbe & Sefiu A. Onitilo & Idris N. Abdullahi, 2020. "Mathematical Modelling for Infectious Viral Disease: the Covid-19 Perspective," Working Papers of the African Governance and Development Institute. 20/053, African Governance and Development Institute..
    7. Vanessa Simen Tchamyou, 2017. "The Role of Knowledge Economy in African Business," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(4), pages 1189-1228, December.
    8. Simplice A. Asongu & Samba Diop & Joseph Nnanna, 2020. "The Geography of the Effectiveness and Consequences of Covid-19 Measures: Global Evidence," Working Papers 20/054, European Xtramile Centre of African Studies (EXCAS).
    9. Festus A. Odeyemi & Ibrahim A. Adekunle & Olakitan W. Ogunbanjo & Jamiu B. Folorunso & Thompson Akinbolaji & Idowu B. Olawoye, 2020. "Gauging the Laboratory Responses to Coronavirus Disease (Covid-19) in Africa," Working Papers 20/052, European Xtramile Centre of African Studies (EXCAS).
    10. Hafeez A. Adekola & Ibrahim A. Adekunle & Haneefat O. Egberongbe & Sefiu A. Onitilo & Idris N. Abdullahi, 2020. "Mathematical Modelling for Infectious Viral Disease: the Covid-19 Perspective," Research Africa Network Working Papers 20/053, Research Africa Network (RAN).
    11. Festus A. Odeyemi & Ibrahim A. Adekunle & Olakitan W. Ogunbanjo & Jamiu B. Folorunso & Thompson Akinbolaji & Idowu B. Olawoye, 2020. "Gauging the Laboratory Responses to Coronavirus Disease (Covid-19) in Africa," Research Africa Network Working Papers 20/052, Research Africa Network (RAN).
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    Citations

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    Cited by:

    1. Vanessa S. Tchamyou & Samba Diop & Simplice A. Asongu, 2021. "African Women Vulnerability Index (AWVI): Focus on Rural Women," Working Papers of The Association for Promoting Women in Research and Development in Africa (ASPROWORDA). 21/008, The Association for Promoting Women in Research and Development in Africa (ASPROWORDA).
    2. Joanna Brzyska & Izabela Szamrej-Baran, 2021. "Classification of the EU Countries According to the Vulnerability of their Economies to the Impact of COVID-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 967-978.
    3. Simplice A. Asongu & Samba Diop & Joseph Nnanna, 2020. "Health Vulnerability versus Economic Resilience to the Covid-19 pandemic: Global Evidence," Research Africa Network Working Papers 20/074, Research Africa Network (RAN).
    4. Samba Diop & Simplice A. Asongu, 2020. "Global health care infrastructure and Africa in times of Covid-19: insights for sustainable development and future pandemics," Working Papers 20/073, European Xtramile Centre of African Studies (EXCAS).
    5. Vanessa S. Tchamyou & Samba Diop & Simplice A. Asongu & Joseph Nnanna, 2023. "African Women Vulnerability Index: Focus on Rural Women," Working Papers of the African Governance and Development Institute. 23/003, African Governance and Development Institute..

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    More about this item

    Keywords

    Novel coronavirus; Economic vulnerability; Economic resilience;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • I10 - Health, Education, and Welfare - - Health - - - General
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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