Impact Of Covid 19 On The Jordanian Economy Economic Sectors Food Systems And Households

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Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households

Author : Raouf, Mariam
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4./5 ( download)

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Book Synopsis Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households by : Raouf, Mariam

Download or read book Impact of COVID-19 on the Jordanian economy: Economic sectors, food systems, and households written by Raouf, Mariam and published by Intl Food Policy Res Inst. This book was released on 2020-11-03 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth in Jordan potentially will come to a halt this year. This comes as a result of the COVID-19 pandemic outbreak. Government imposed an economic lockdown which restricted non-essential economic activities and people’s movement in order to contain the virus. A SAM multiplier model was used to estimate the economic impact of the lockdown and to explore potential recovery pathways for the Jordanian economy. Some of the key findings from this modeling exercise are: • National GDP is estimated to have fallen by 23 percent during the lockdown period. The services sector was hardest hit, seeing an estimated drop in output of almost 30 percent. • Food systems in Jordan are estimated to have experienced a reduction in output by almost 40 percent. • Employment losses during the lockdown were estimated at over 20 percent, mainly driven by job losses in services, followed by agriculture. • Household income fell on average by around one-fifth due to the lockdown, mainly driven by contraction in service sector activities, by slowdown in manufacturing activity, and by lower remittances from abroad. • GDP growth rates for Jordan’s economy will continue to be negative through 2020, ranging from -5.7 to -7.4 percent, depending on the speed of economic recovery. A slow pace of recovery is expected. This economic recovery offers opportunities for fostering sustainable economic transformation and structural change. Economic policies and incentives should be directed towards more economic diversification, greater resilience to withstand economic shocks, and job creation.

COVID-19: Rapid food security and agrifood sector country assessment for Jordan

Author : Food and Agriculture Organization of the United Nations
Publisher : Food & Agriculture Org.
ISBN 13 : 9251344760
Total Pages : 78 pages
Book Rating : 4.2/5 (513 download)

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Book Synopsis COVID-19: Rapid food security and agrifood sector country assessment for Jordan by : Food and Agriculture Organization of the United Nations

Download or read book COVID-19: Rapid food security and agrifood sector country assessment for Jordan written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2021-10-12 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments worldwide are implementing an extensive range of prevention and mitigation measures to control the spread of COVID-19 and limit its health, economic and social consequences. COVID-19 policy actions could have significant negative impacts across the food system, mainly if the policies are uncoordinated and built on limited evidence. In Jordan, the COVID-19 pandemic is continuing to cause direct harm to health, livelihoods, to people living standard and overall national economies. This articulates the importance of formulating long, medium and short-term policies to deal with pandemic priorities and alleviate COVID-19 and increase development investments in the agriculture sector as one of the most critical sectors in such these conditions. This study determines the short-term impact of COVID-19 on agriculture and food supply and identifies the positive impact of government measures taken across the country of Jordan. This rapid assessment utilized primary data and existing data related to the agriculture-food systems sector to understand the impact of the COVID-19 crisis and produced recommendations and policy actions. The assessment's general objective is to identify the effects of COVID-19 on Agri-food systems actors and recommend policies to alleviate the negative impact. It explores the range of policies, strategies and actions, in the short- and medium/long-term in the broader agriculture/food systems sector. Recommendations and suggested policies (10 policies) are formed depending on the results of the field surveys (farmers, exporters and supply chain actors survey), the results of secondary data analysis, IMF targeted policies (9 pillars), Jordan COVID-19 and Food Security Rapid Assessment-Policy

Impact of COVID-19 on the Yemeni economy: How the drop in remittances affected economic sectors, food systems, and households

Author : Elsabbagh, Dalia
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4./5 ( download)

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Book Synopsis Impact of COVID-19 on the Yemeni economy: How the drop in remittances affected economic sectors, food systems, and households by : Elsabbagh, Dalia

Download or read book Impact of COVID-19 on the Yemeni economy: How the drop in remittances affected economic sectors, food systems, and households written by Elsabbagh, Dalia and published by Intl Food Policy Res Inst. This book was released on 2021-02-05 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been an unprecedented decline in the flow of remittances to Yemen – a vital source of money for millions – as a result of the COVID-19 pandemic. A Social Accounting Matrix (SAM) multiplier model of Yemen’s economy was used to estimate the impact of lower remittances on economic sectors and employment, food systems, and household incomes.

2021 Global food policy report: Transforming food systems after COVID-19

Author : International Food Policy Research Institute (IFPRI)
Publisher : Intl Food Policy Res Inst
ISBN 13 : 0896293998
Total Pages : 124 pages
Book Rating : 4.8/5 (962 download)

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Book Synopsis 2021 Global food policy report: Transforming food systems after COVID-19 by : International Food Policy Research Institute (IFPRI)

Download or read book 2021 Global food policy report: Transforming food systems after COVID-19 written by International Food Policy Research Institute (IFPRI) and published by Intl Food Policy Res Inst. This book was released on 2021-04-13 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus pandemic has upended local, national, and global food systems, and put the Sustainable Development Goals further out of reach. But lessons from the world’s response to the pandemic can help address future shocks and contribute to food system change. In the 2021 Global Food Policy Report, IFPRI researchers and other food policy experts explore the impacts of the pandemic and government policy responses, particularly for the poor and disadvantaged, and consider what this means for transforming our food systems to be healthy, resilient, efficient, sustainable, and inclusive. Chapters in the report look at balancing health and economic policies, promoting healthy diets and nutrition, strengthening social protection policies and inclusion, integrating natural resource protection into food sector policies, and enhancing the contribution of the private sector. Regional sections look at the diverse experiences around the world, and a special section on finance looks at innovative ways of funding food system transformation. Critical questions addressed include: - Who felt the greatest impact from falling incomes and food system disruptions caused by the pandemic? - How can countries find an effective balance among health, economic, and social policies in the face of crisis? - How did lockdowns affect diet quality and quantity in rural and urban areas? - Do national social protection systems such as cash transfers have the capacity to protect poor and vulnerable groups in a global crisis? - Can better integration of agricultural and ecosystem polices help prevent the next pandemic? - How did companies accelerate ongoing trends in digitalization and integration to keep food supply chains moving? - What different challenges did the pandemic spark in Asia, Africa, and Latin America and how did these regions respond?

Impact of COVID-19 on the Egyptian economy: Economic sectors, jobs, and households

Author : Breisinger, Clemens
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : pages
Book Rating : 4./5 ( download)

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Book Synopsis Impact of COVID-19 on the Egyptian economy: Economic sectors, jobs, and households by : Breisinger, Clemens

Download or read book Impact of COVID-19 on the Egyptian economy: Economic sectors, jobs, and households written by Breisinger, Clemens and published by Intl Food Policy Res Inst. This book was released on 2020-06-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 crisis may lead to a 1.1 percent decline in Egypt’s GDP during the 4th quarter (April to June) of the 2019/20 fiscal year, compared to the same quarter in 2018/19. Without the Government of Egypt’s COVID-19 emergency response package, GDP in Q4 may have declined by 8.7 percent. Tak-ing the emergency response pack-age into account, we estimate an annual growth rate of 3.8 percent for FY 2019/20. Without the emer-gency response package, annual growth for FY 2019/20 may have been as low as 1.9 percent. The services sector is hit hardest, falling by 10.9 percent, followed by industry at -8.3 percent. Agriculture is the most resilient sector. However, these losses are lower than those expected in comparable countries, especially those that resorted to extended periods of full lockdowns. Impacts on Egypt’s agri-food system are less severe than elsewhere in the economy. Most damage will occur in nonfarm components of the agri-food system due to falling consumer demand. Although higher-income households face the largest income losses, lower-income households also will see their incomes decline significantly. The level of social protection required to fully offset the income losses of poor households is likely to be prohibitive, especially given falling revenues from reduced economic activity. Continuing to gradually open the economy again will be critical for avoiding permanent job losses and increases in poverty for the coming year. The process of re-opening the economy may also provide opportunities for fostering more private sector-driven and sustainable economic transformation.

Artificial Intelligence-Augmented Digital Twins

Author : Abdalmuttaleb M. A. Musleh Al-Sartawi
Publisher : Springer Nature
ISBN 13 : 3031434900
Total Pages : 673 pages
Book Rating : 4.0/5 (314 download)

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Book Synopsis Artificial Intelligence-Augmented Digital Twins by : Abdalmuttaleb M. A. Musleh Al-Sartawi

Download or read book Artificial Intelligence-Augmented Digital Twins written by Abdalmuttaleb M. A. Musleh Al-Sartawi and published by Springer Nature. This book was released on 2024-01-19 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presently, we stand on the threshold of a technological revolution that will drastically change the way we live, work, and communicate with each other. By the current rate, scope, and complexity, this transformation will be as fundamental for society as any other technological paradigm change from the past. The industries which are more susceptible to change are technologically oriented industries including banking, finance, accounting, and auditing. One of the technological concepts of the technological revolution is the concept of the digital twin. The application of digital twins and AI as paired with Internet of Things technologies makes it possible to solve ESG problems on a completely different level (Li, 2019) for accounting firms and financial institutions. These include recycling on demand, rational energy consumption, smart surveillance cameras for crime tracking, and smart branch parking solutions, monitoring the wear and tear and conditions of financial technology infrastructures. Moreover, numerous researchers and practitioners emphasize the significance of innovating sustainable business models and operations (Geissdoerfer et al., 2018). The digital twin will allow businesses and financial institutions to minimize costs, boost customer service, and find new ways to generate revenue. DTW is accessible now more than ever, and many reputable and innovative companies such as Tesla, Ericsson, and Siemens have adopted it with varying success. Therefore, this book examines the opportunities, challenges, and risks of artificial intelligence-augmented digital twins for financial operations, innovation, and sustainable development. It focuses on AI and digital twin technologies to furnish solutions for the current industrial revolution including the Metaverse. Henceforth, this book aims to encourage authors to submit multi-disciplinary chapters indicating the current scholarly challenges about the applications and potential of artificial intelligence and digital twins in accounting, finance, and banking.

The short-run economic costs of COVID-19 in developing countries in 2020: A synthesis of results from a multi-country modeling exercise

Author : Pauw, Karl
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4./5 ( download)

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Book Synopsis The short-run economic costs of COVID-19 in developing countries in 2020: A synthesis of results from a multi-country modeling exercise by : Pauw, Karl

Download or read book The short-run economic costs of COVID-19 in developing countries in 2020: A synthesis of results from a multi-country modeling exercise written by Pauw, Karl and published by Intl Food Policy Res Inst. This book was released on 2021-06-04 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: As COVID-19 spread across the globe in early 2020, governments had to make difficult policy choices to balance the socioeconomic costs of social distancing and lockdown measures, on the one hand, and the human costs of increased morbidity and mortality of an unchecked pandemic, on the other. The challenge was particularly daunting for developing countries with their often illequipped and underfunded health systems coupled with general skepticism about the effectiveness of economic restrictions to curb viral spread, especially in densely populated informal urban communities (The Economist 2020). Poorer developing country populations also tend to be less resilient to income shocks, while the social protection measures needed to mitigate against income losses are costly. With developing country governments already heavily indebted before the pandemic (Onyekwena and Ekeruche 2019), and with further anticipated losses in tax revenues due to COVID-related economic restrictions, their ability to finance palliative measures without sacrificing much-needed, longer-term public investments has remained a major concern.

The impact of COVID-19 on Tunisia’s economy, agri-food system, and households

Author : ElKadhi, Zouhair
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4./5 ( download)

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Book Synopsis The impact of COVID-19 on Tunisia’s economy, agri-food system, and households by : ElKadhi, Zouhair

Download or read book The impact of COVID-19 on Tunisia’s economy, agri-food system, and households written by ElKadhi, Zouhair and published by Intl Food Policy Res Inst. This book was released on 2020-05-21 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 crisis is expected to lead to a 46.4 percent decline in Tunisia’s GDP during the 2nd quarter of 2020 (April to June). The industrial sector will be hit hardest, with output falling by 52.7 percent, followed closely by services (-49.0 percent) and agriculture (-16.2 percent). These high losses are a result of the complete lockdown imposed in the country to contain the pandemic. Higher-income urban households will see the largest income losses, although lower-income urban households also will experience significant reductions in their income. As a policy response, social transfers towards poorer households will reduce the adverse welfare impact of these drops in household income. Government policies to support struggling businesses will allow economic activities to revive more rapidly when the lockdown loosens. Consequently, comprehensive planning by the Government of Tunisia to re-open the economy will be critical to reduce the pandemic’s adverse impact on the country’s economy in the longer-term, reducing losses of employment and income, especially in manufacturing and retail.

The Unprecedented Impacts of COVID-19 and Global Responses

Author : Farhang Morady
Publisher : IJOPEC PUBLICATION
ISBN 13 : 1913809218
Total Pages : 322 pages
Book Rating : 4.9/5 (138 download)

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Book Synopsis The Unprecedented Impacts of COVID-19 and Global Responses by : Farhang Morady

Download or read book The Unprecedented Impacts of COVID-19 and Global Responses written by Farhang Morady and published by IJOPEC PUBLICATION. This book was released on with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Democratic Education Network (DEN) is a collaborative group involving academicstaff and students that aims to organize and support the educational experience ofstudents at the University of Westminster. DEN has inspired students to engage locallyand globally.Since the outbreak of COVID-19, DEN has played a significant role engaging studentsonline, and aiming to facilitate their learning process. This book is a compilationof papers written by both students at the University of Westminster and its partnerinternational universities. The book brings together different topics and conceptsrelated to the governance and management of the global COVID-19 pandemic. Itanalyses the political, economic, and social impact of COVID-19 on the agendas set bygovernments all around the world. This edition of the book is a manifestation of DEN’scollective teamwork.“I am so pleased to see the hard work of staff and students in the DemocraticEducation Network (DEN) come to fruition in this excellent publication. I recognisethe value of these collaborations in our turbulent times, and it is lovely to see studentsand academic staff from all over the world come together to develop meaningful,apposite, and challenging scholarship. Working in partnership with students is such astrength of the culture at the University of Westminster, and it is great to see this workdemonstrated so effectively in this text

Impacts of COVID-19 on food security: Panel data evidence from Nigeria

Author : Amare, Mulubrhan
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4./5 ( download)

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Book Synopsis Impacts of COVID-19 on food security: Panel data evidence from Nigeria by : Amare, Mulubrhan

Download or read book Impacts of COVID-19 on food security: Panel data evidence from Nigeria written by Amare, Mulubrhan and published by Intl Food Policy Res Inst. This book was released on 2020-08-11 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper combines pre-pandemic face-to-face survey data with follow up phone surveys collected in April-May 2020 to quantify the overall and differential impacts of COVID-19 on household food security, labor market participation and local food prices in Nigeria. We exploit spatial variation in exposure to COVID-19 related infections and lockdown measures along with temporal differences in our outcomes of interest using a difference-in-difference approach. We find that those households exposed to higher COVID-19 cases or mobility lockdowns experience a significant increase in measures of food insecurity. Examining possible transmission channels for this effect, we find that COVID-19 significantly reduces labor market participation and increases food prices. We find that impacts differ by economic activities and households. For instance, lockdown measures increased households' experience of food insecurity by 12 percentage points and reduced the probability of participation in non-farm business activities by 13 percentage points. These lockdown measures have smaller impacts on wage-related activities and farming activities. In terms of food security, households relying on non-farm businesses, poorer households, those with school-aged children, and those living in remote and conflicted-affected zones have experienced relatively larger deteriorations in food insecurity. These findings can help inform immediate and medium-term policy responses, including social protection policies aiming at ameliorating the impacts of the pandemic, as well as guide targeting strategies of governments and international donor agencies by identifying the most impacted sub-populations.

Women Entrepreneurs In The Middle East: Context, Ecosystems, And Future Perspectives For The Region

Author : Dina Modestus Nziku
Publisher : World Scientific
ISBN 13 : 9811283508
Total Pages : 361 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Women Entrepreneurs In The Middle East: Context, Ecosystems, And Future Perspectives For The Region by : Dina Modestus Nziku

Download or read book Women Entrepreneurs In The Middle East: Context, Ecosystems, And Future Perspectives For The Region written by Dina Modestus Nziku and published by World Scientific. This book was released on 2024-04-29 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Straddling North Africa and Western Asia, the Middle East has been a cradle of civilisation and entrepreneurship — well before the arrival of Islam. In this region, gender roles were traditionally specified by culture, with women often expected to stay within the family environment, while men would trade in society at large. This book contributes to the literature on a highly neglected field of study: women entrepreneurs in the Middle East. Recognising that entrepreneurship does not take place in a vacuum, it focuses on contexts, and the ecosystems of this region with largely patriarchal societies, that are influenced by culture, religion, and colonial experience.This book provides readers with a topical analysis of women entrepreneurs in the Middle East on the context, ecosystems, and future perspectives for the region. Authors have presented the reality of 11 countries from the region based on women entrepreneurs' historical backgrounds, challenges, and achievements, as well as the contribution towards economic development in their local/immediate communities and the Middle East at large. Following the country analysis by the authors of each chapter, the editors provide a general assessment of the future of women entrepreneurs in the region by focusing on the current entrepreneurship policy and strategies of various countries in the region. This volume will be an essential reading for anyone researching or working on projects related to women's entrepreneurship and small businesses in the Middle East.

Estimating the economic impacts of the first wave of COVID-19 in Pakistan using a SAM Multiplier Model

Author : Moeen, Muhammad Saad
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4./5 ( download)

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Book Synopsis Estimating the economic impacts of the first wave of COVID-19 in Pakistan using a SAM Multiplier Model by : Moeen, Muhammad Saad

Download or read book Estimating the economic impacts of the first wave of COVID-19 in Pakistan using a SAM Multiplier Model written by Moeen, Muhammad Saad and published by Intl Food Policy Res Inst. This book was released on 2021-02-13 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Accounting Matrix (SAM) multiplier analysis has been employed to assess the impacts of COVID-19 on various macroeconomic variables including Gross Domestic Product (GDP), employment, and poverty in Pakistan. SAM multiplier models are well-suited to estimate the direct and indirect effects of unanticipated demand-side shocks and short-term fluctuations on various sectors and agents in the economy, such as those caused by the COVID-19 pandemic. The results show that Pakistan’s GDP declined by 26.4 percent from mid-March to the end of June 2020 (14 weeks) compared to a non-COVID scenario. Services were hit the hardest, registering losses of 17.6 percent, followed by industry with losses of 6.7 percent. Agriculture turned out to be resilient and remained relatively unhurt, falling by 2.1 percent. All households witnessed a reduction in incomes, but higher-income quartiles appeared to have lost more than lower-income ones. Our approach for economic impact with mitigation measures is to assess the effectiveness of Emergency Response Packages (ERP) by altering the remittances to levels that reflect the magnitude of the support from the government. The total government expenditures were directed towards different kinds of households of PKR 318.6 billion (USD 2.12 billion). This led to a reduction of about USD 3.1 billion in GDP losses, which, compared to the amount spent implied a multiplier of 1.4 in GDP per PKR spent. The national poverty rate soared to 43 percent and 38.7 percent in April and May respectively. The Government’s cash transfers program proved highly effective and led to 11 percent reduction in poverty rate during the pandemic. The recovery scenarios indicate a cumulative GDP loss of USD 11.8 billion and 11.1 USD billion under slow and fast recovery scenarios, respectively, by December 2020. Our estimates show that Pakistan’s annual GDP (at market prices) will register a decline of 4.6 percent in the year 2020 due to negative effects of the pandemic and sluggish economic recovery. Poverty is expected to stabilize at 27.6 percent and 27.4 percent for the two recovery scenarios by December 2020.

Assessing the short-term impacts of COVID-19 on Ethiopia’s economy: External and domestic shocks and pace of recovery

Author : Aragie, Emerta
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4./5 ( download)

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Book Synopsis Assessing the short-term impacts of COVID-19 on Ethiopia’s economy: External and domestic shocks and pace of recovery by : Aragie, Emerta

Download or read book Assessing the short-term impacts of COVID-19 on Ethiopia’s economy: External and domestic shocks and pace of recovery written by Aragie, Emerta and published by Intl Food Policy Res Inst. This book was released on 2020-12-09 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we analyze the economic impacts of response measures adopted in Ethiopia to curtail the spread of the COVID-19 pandemic. We carry out simulations using an economywide multiplier model based on a 2017 Social Accounting Matrix (SAM) for the country that properly depicts interactions between economic agents. The pandemic’s impact on the global economy combined with disruptions it causes in Ethiopia represents a large, unprecedented shock to the country’s economy. In such situations, a SAM-based multiplier model provides an ideal tool for measuring the short-term direct and indirect impacts of a shock on an economic system since there is limited room for proper adjustment of economic decisions. We model the seven-week partial lockdown policy implemented in Ethiopia from mid-March to early May 2020. We also consider two possible economic recovery scenarios that may emerge as the COVID-19 control policies are relaxed during the latter part of 2020 in order to generate insights on the potential continuing impact of the virus at the end of 2020. Although the country took early swift measures, our assessment of the partial lockdown measures suggests that they were not as strict as those observed in other Africa countries. Accordingly, our estimates of the economic costs of COVID-19 on Ethiopia are significantly lower than those reported for other countries on the continent. We estimate that during the lockdown period Ethiopia’s GDP suffered a 14 percent loss (43.5 billion Birr or 1.9 billion USD) compared to a no-COVID case over the same period. Nearly two-thirds of the losses were in the services sector. Although no direct restrictions were imposed on the agriculture sector, which serves as the primary means of livelihood for most Ethiopians, the sector faced a 4.7 percent loss in output due to its linkages with the rest of the economy. Poor export performance due to a slowdown in global trade and restrictions on the transport sector also partly explain the decline in agricultural output. The broader agri-food system also was affected considerably because of its linkages with the rest of the economy. In terms of the welfare of Ethiopians, we estimate that the economic impacts during the lockdown caused 10.1 million additional people to fall below the poverty line. These findings have implications for better understanding the direct and indirect impacts of COVID-19 and for policy design during the recovery period to return Ethiopia’s economy to a normal growth trajectory and to protect the livelihoods of the most vulnerable in the process.

COVID-19: Estimating impact on the economy and poverty in Pakistan: Using SAM Multiplier Model

Author : Moeen, Muhammad Saad
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis COVID-19: Estimating impact on the economy and poverty in Pakistan: Using SAM Multiplier Model by : Moeen, Muhammad Saad

Download or read book COVID-19: Estimating impact on the economy and poverty in Pakistan: Using SAM Multiplier Model written by Moeen, Muhammad Saad and published by Intl Food Policy Res Inst. This book was released on 2021-01-23 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Accounting Matrix (SAM) multiplier analysis has been employed to assess the impacts of COVID-19 on various macroeconomic variables including Gross Domestic Product (GDP), employment, and poverty in Pakistan. SAM multiplier models are well-suited to estimate the direct and indirect effects of unanticipated demand-side shocks and short-term fluctuations on various sectors and agents in the economy, such as those caused by the COVID19 pandemic. The results show that Pakistan’s GDP declined by 26.4 percent from mid-March to the end of June 2020 (14 weeks) compared to a non-COVID scenario. Services were hit the hardest, registering losses of 17.6 percent, followed by industry with losses of 6.7 percent. Agriculture turned out to be resilient and remained relatively unhurt, falling by 2.1 percent. All households witnessed a reduction in incomes, but higher-income quartiles appeared to have lost more than lower-income ones. Our approach for economic impact with mitigation measures is to assess the effectiveness of Emergency Response Packages (ERP) by altering the remittances to levels that reflect the magnitude of the support from the government. The total government expenditures were directed towards different kinds of households of PKR 318.6 billion (USD 2.12 billion). This led to a reduction of about USD 3.1 billion in GDP losses, which, compared to the amount spent implied a multiplier of 1.4 in GDP per PKR spent. The national poverty rate soared to 43 percent and 38.7 percent in April and May respectively. The Government’s cash transfers program proved highly effective and led to 11 percent reduction in poverty rate during the pandemic. The recovery scenarios indicate a cumulative GDP loss of USD 11.8 billion and 11.1 USD billion under slow and fast recovery scenarios, respectively, by December 2020. Our estimates show that Pakistan’s annual GDP (at market prices) will register a decline of 4.6 percent in the year 2020 due to negative effects of the pandemic and sluggish economic recovery. Poverty is expected to stabilize at 27.6 percent and 27.4 percent for the two recovery scenarios by December 2020.

Estimating the economic costs of COVID-19 in Nigeria

Author : Andam, Kwaw S.
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4./5 ( download)

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Book Synopsis Estimating the economic costs of COVID-19 in Nigeria by : Andam, Kwaw S.

Download or read book Estimating the economic costs of COVID-19 in Nigeria written by Andam, Kwaw S. and published by Intl Food Policy Res Inst. This book was released on 2020-07-21 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we analyze the economic impacts of the COVID-19 pandemic and the policies adopted to curtail the spread of the disease in Nigeria. We carry out simulations using a multiplier model based on the 2018 Social Accounting Matrix (SAM) for Nigeria, which includes supply-use tables for 284 goods and services. The pandemic’s global reach and impact on the global economy combined with the response policies in Nigeria represent a large, sudden shock to the country’s economy. The SAM multiplier model is well-suited for measuring the short-term direct and indirect results of this type of shock because the SAM represents both the structure of the economy and the interactions among economic actors via commodity and factor markets. Our analysis focuses on the five-week lockdown implemented by the federal government across the Federal Capital Territory of Abuja and Lagos and Ogun states from late March to early May 2020, the federal lockdown for Kano from mid-April, and the state-level lockdowns that were implemented from mid-April for around seven weeks in Akwa Ibom, Borno, Ekiti, Kwara, Osun, Rivers, and Taraba states. We estimate that during the lockdown periods Nigeria’s GDP suffered a 34.1 percent loss due to COVID-19, amounting to USD 16 billion, with two-thirds of the losses coming from the services sector. The agriculture sector, which serves as the primary means of livelihood for most Nigerians, suffered a 13.1 percent loss in output (USD 1.2 billion). Although primary agricultural activities were excluded from the direct restrictions on economic activities imposed in the lockdown zones, the broader agri-food system was affected indirectly because of its linkages with the rest of the economy. We estimate that households lost on average 33 percent of their incomes during the period, with the heaviest losses occurring for rural non-farm and for urban households. The economic impacts of COVID-19 include a 14-percentage point temporary increase in the poverty headcount rate for Nigeria, implying that 27 million additional people fell below the poverty line during lockdown. Lastly, we consider economic recovery scenarios as the COVID-19 policies are being relaxed during the latter part of 2020. Our findings have implications for understanding the direct and indirect impacts of COVID-19, for policy design during the recovery period, and for planning future disease prevention measures while protecting livelihoods and maintaining economic growth.

The role of agriculture and agro-processing for development in Jordan

Author : Figueroa, Jose Luis
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4./5 ( download)

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Book Synopsis The role of agriculture and agro-processing for development in Jordan by : Figueroa, Jose Luis

Download or read book The role of agriculture and agro-processing for development in Jordan written by Figueroa, Jose Luis and published by Intl Food Policy Res Inst. This book was released on 2018-02-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to support the implementation of the strategic development plans of Jordan by analyzing the role of agriculture and farmers in the Jordanian economy, the role that productivity and structural change can play for fostering agricultural growth, and the role agro-processing may play in Jordan’s economic development. We argue that the development of the agro-processing sector often has stronger backward and forward linkages with the agricultural sector than other sectors and, thus, plays an important role for rural transformation.

Assessing the economywide impacts of COVID-19 on Rwanda’s economy, agri-food system, and poverty: A social accounting matrix (SAM) multiplier approach

Download Assessing the economywide impacts of COVID-19 on Rwanda’s economy, agri-food system, and poverty: A social accounting matrix (SAM) multiplier approach PDF Online Free

Author : Aragie, Emerta
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4./5 ( download)

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Book Synopsis Assessing the economywide impacts of COVID-19 on Rwanda’s economy, agri-food system, and poverty: A social accounting matrix (SAM) multiplier approach by : Aragie, Emerta

Download or read book Assessing the economywide impacts of COVID-19 on Rwanda’s economy, agri-food system, and poverty: A social accounting matrix (SAM) multiplier approach written by Aragie, Emerta and published by Intl Food Policy Res Inst. This book was released on 2021-05-17 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rwanda’s policy response to COVID-19 has been widely praised for its rapid, systematic, and comprehensive approach to containing the pandemic. Although the economic consequences are unavoidable, the country expects to return its economy to its high-growth trajectory as the pandemic subsides. We use economic modeling tools designed to estimate the short-term economywide impacts of the unanticipated, rapid-onset economic shocks of COVID-19 on Rwanda. - Results show that during the six-week lockdown that began in March, Rwanda’s GDP fell 39.1 percent (RWF 435 billion; USD 484 million) when compared to a no-COVID situation in the same period. - Results further show that Rwanda’s GDP in 2020 will be between 12 and 16 percent lower than a predicted no-COVID GDP, depending on the pace of the recovery. The losses in annual GDP are between RWF 1.0 and 1.5 trillion (USD 1.1–1.6 billion). - While GDP for the industrial and services sectors were estimated to have fallen during the lockdown period by 57 and 48 percent, respectively, exemptions of COVID-19 restrictions for the agricultural sector limited the decline in agricultural GDP to 7 percent compared to a noCOVID situation. - During the lockdown period, the national poverty rate is estimated to have increased by 10.9 percentage points as 1.3 million people, mostly in rural areas, fell into temporary poverty. Poverty rates are expected to stabilize by the end of 2020, increasing only by between 0.4 and 1.1 percentage points. While these figures may be encouraging, they mask the impacts on poor households of the sharp poverty spike during the lockdown and the inherent complexity of poverty dynamics post-lockdown. Looking forward, the speed and success of Rwanda’s recovery will depend critically on the expansion of Rwanda’s social protection programs, boosting enterprises of all sizes, support to the agri-food system, and restoration of international trade.