COVID-19 and Trade in Africa: Impacts and Policy Response

Kassa, Woubet

doi:10.2139/ssrn.3619230

Cited by 8 publications

(9 citation statements)

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“…Meanwhile, large-scale companies have an advantage over small-scale companies in coping strategies and capital reserves. Referring to the demand surge of medical items in disease outbreaks [ 12 ], the subsequent three extensions of MCOs have positively impacted the stock returns of healthcare companies in Malaysia. In the following events, the policy shock has less impact than the first announcement.…”

Section: Conclusion and Implicationmentioning

confidence: 99%

“…This industry gathered more than 200 manufacturers, with nearly MYR14.2 billion investment, meanwhile contributing Malaysia into a global healthcare manufacturing center. It has been announced that the lockdown has obvious potential impacts on supply chain management issues [ 8 ], logistics issues [ 9 ], exports [ 10 ], and production disruptions [ 11 ], while the lockdown policies have impacted demand side across different products, and the significant stockpiling of medial items further stimulates its increasing demand [ 12 ]. At this stage, this study examines the stock market reaction to the lockdown announcement for the COVID-19 pandemic.…”

Section: Introductionmentioning

confidence: 99%

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Stock Market Reaction to the Announcement of the COVID‐19 Lockdown: Evidence from Healthcare Companies in Malaysia

Xie

Zhou

2022

Journal of Environmental and Public Health

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The sudden global pandemic of COVID-19 occurred in Malaysia at the beginning of new 2020, which increased the uncertainty of the economy. As a highly demanded industry during diseases, COVID-19-related news had a mixed influence on investors’ confidence in the healthcare industry, so the short-term market reaction of the Malaysian healthcare industry is investigated during this unfolding event. This paper examines whether the “lockdown” suppressed the influence of COVID-19 pandemic on stock performance in 12 listed healthcare companies in Malaysia. We consider the “lockdown” order has different impacts on samples. The hardest hit among the four events is the first announcement of lockdown, whose cumulative average abnormal return (CAAR) is negative (CAAR<0), for its strict movement control. However, the impacts of the following three lockdown events are positive and less severe as the market gradually digest these kinds of news and the deregulation of movement control. Previous studies have justified the influence of disease outbreaks on the stock market; however, this study compensates for other studies by employing the event study methodology (ESM) approach to provide the first empirical evidence of the unprecedented influence of “lockdown” on Malaysian healthcare stock market. This study has practical implications for Malaysian financial markets that the lockdown orders matter for the Malaysian healthcare industry. The empirical results show that the stock market has positively affected the lockdown announcement after the first event. In turn, the policymakers could draw on these results related to stock performance to modify the regulations in the healthcare industry.

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Section: Conclusion and Implicationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Stock Market Reaction to the Announcement of the COVID‐19 Lockdown: Evidence from Healthcare Companies in Malaysia

Xie

Zhou

2022

Journal of Environmental and Public Health

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“…The strict nationwide lockdown in many parts of the SSA economies largely disrupted the health-care supply chain that needs to be assessed and re-activated with international collaboration (Renzaho, 2020; Siedner et al , 2020; Rosenthal et al , 2020). Beyond health-care risks, the COVID-19 pandemic affected SSA economies in a wide variety of ways, for instance, trade shocks in supply and demand of intermediate goods and investment shocks in a country (Kassa, 2020; Oulmane et al , 2020), increasing poverty incidence (Lone and Ahmad, 2020; Anser et al , 2020b), rising national debt (Levin, 2020), imbalance fiscal reforms (Bisong, 2020), oil price shocks (Amewu, 2020) and health-care supply chain issues (Karamouzian and Madani, 2020). These issues led to a decrease in the nation’s output manifold and put in a recession.…”

Section: Resultsmentioning

confidence: 99%

The role of healthcare supply chain management in the wake of COVID-19 pandemic: hot off the press

Sriyanto

Lodhi

Salamun

et al. 2021

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Purpose The study aims to examine the role of health-care supply chain management during the COVID-19 pandemic in a cross-section of 42 selected sub-Saharan African (SSA) countries. Design/methodology/approach The study used cross-sectional robust least square regression for parameter estimates. Findings The results confirmed the N-shaped relationship between the health-care logistics performance index (HLPI) and COVID-19 cases. It implies that initially HLPI increases along with an increase in COVID-19 cases. Later down, it decreases COVID-19 cases by providing continued access to medical devices and personal protective equipment. Again, it increases due to resuming economic activities across countries. Practical implications The continuing health-care supply chain is crucial to minimize COVID-19 cases. The international support from the developed world in providing health-care equipment, debt resettlement and resolving regional conflicts is deemed desirable to escape the SSA countries from the COVID-19 pandemic. Originality/value The importance of the health-care supply chain during the COVID-19 pandemic is evident in the forecasting estimates, which shows that from August 2021 to April 2022, increasing the health-care supply chain at their third-degree level would reduce coronavirus registered cases. The results conclude that SSA countries required more efforts to contain coronavirus cases by thrice increasing their health-care logistics supply chain.

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“…Les efforts des gouvernements pour lutter contre le Covid-19 à travers la fermeture des frontières, la distanciation sociale et le confinement peuvent aussi avoir des effets collatéraux tels que l'insuffisance alimentaire ou la perte de revenu sur les ménages qui, pour la plupart, dépendent de l'économie informelle (Griffith et al, 2021). Au niveau global des pays, les économies qui dépendent fortement des importations et des marchés extérieurs, et/ ou exportent des matières brutes dont les prix se sont effondrés à cause de l'épidémie de Covid-19, peuvent se rétracter (Kassa, 2020 ;Tröster , 2020). Toutefois, il était difficile, voire impossible pour les populations de ces pays, de respecter les mesures de prévention ; les manifestations contre le confinement, l'ouverture informelle des écoles privées, le non-respect de la distanciation sociale dans les transports publics au Mali illustrent que l'économie des pays africains ne peut pas résister très longtemps au choc des mesures de lutte contre la pandémie.…”

Section: Les Effets Intriqués Et Délétères De La Pandémie En Afriqueunclassified

Introduction : repenser la santé en Afrique à l’aune de la crise sanitaire

Niangaly¹,

Ridde²,

Thuilliez³

2021

Revue Internationale Des Études Du Développement

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COVID-19 and Trade in Africa: Impacts and Policy Response

Cited by 8 publications

References 0 publications

Stock Market Reaction to the Announcement of the COVID‐19 Lockdown: Evidence from Healthcare Companies in Malaysia

Stock Market Reaction to the Announcement of the COVID‐19 Lockdown: Evidence from Healthcare Companies in Malaysia

The role of healthcare supply chain management in the wake of COVID-19 pandemic: hot off the press

Introduction : repenser la santé en Afrique à l’aune de la crise sanitaire

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