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Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence

Author

Listed:
  • Diop, Samba
  • Asongu, Simplice
  • Nnanna, Joseph

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

  • Diop, Samba & Asongu, Simplice & Nnanna, Joseph, 2020. "Covid-19 Economic Vulnerability and Resilience Indexes: Global Evidence," MPRA Paper 107243, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:107243
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    References listed on IDEAS

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    8. Amankwah-Amoah, Joseph, 2020. "Note: Mayday, Mayday, Mayday! Responding to environmental shocks: Insights on global airlines’ responses to COVID-19," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 143(C).
    9. Ozili, Peterson K, 2020. "COVID-19 in Africa: socioeconomic impact, policy response and opportunities," MPRA Paper 99617, University Library of Munich, Germany.
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    Cited by:

    1. Vanessa S. Tchamyou & Samba Diop & Simplice A. Asongu & Joseph Nnanna, 2024. "African Women Vulnerability Index: Focus on Rural Women," Forum for Social Economics, Taylor & Francis Journals, vol. 53(3), pages 262-280, July.
    2. 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).
    3. 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.
    4. Simplice A. Asongu & Samba Diop & Joseph Nnanna, 2020. "Health Vulnerability versus Economic Resilience to the Covid-19 pandemic: Global Evidence," Working Papers 20/074, European Xtramile Centre of African Studies (EXCAS).
    5. 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).

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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
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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