Implications of Major Adverse Events on Productivity

Dieppe, Alistair; Çelik, Sinem Kılıç; Okou, Cédric

doi:10.2139/ssrn.3699683

Cited by 6 publications

(13 citation statements)

References 72 publications

(134 reference statements)

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“…Second, we assess how the real costs of staples change in the wake of natural disasters and wars. Our estimates show that relative staple food prices rise sharply, by an average 1.8 percent after natural disasters, and 4 percent after wars hit, though the magnitude, direction, and persistence of the effects may depend on the nature of the shock (Dieppe et al 2020;Kabundi et al 2022). Similarly, the effects of the drivers on staple food prices were larger during the COVID-19 crisis, which coincided with the sharpest (19.3 percent) increase in staple food prices since the global financial crisis.…”

Section: Introductionmentioning

confidence: 70%

“…These events often cause severe human (deaths, injuries, displacements), physical (destruction of infrastructures, assets, etc. ), and economic damages, and inflict deep scars on the affected countries (Dieppe et al 2020). Absent public or international assistance, these shocks typically compress food production (disruption of planting and harvesting cycles, destruction of crops, etc.…”

Section: Adverse Eventsmentioning

confidence: 99%

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Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment

Unsal¹,

Spray²,

Okou³

2022

IMF Working Papers

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This paper analyzes the domestic and external drivers of local staple food prices in Sub-Saharan Africa. Using data on domestic market prices of the five most consumed staple foods from 15 countries, this paper finds that external factors drive food price inflation, but domestic factors can mitigate these vulnerabilities. On the external side, our estimations show that Sub-Saharan African countries are highly vulnerable to global food prices, with the pass-through from global to local food prices estimated close to unity for highly imported staples. On the domestic side, staple food price inflation is lower in countries with greater local production and among products with lower consumption shares. Additionally, adverse shocks such as natural disasters and wars bring 1.8 and 4 percent staple food price surges respectively beyond generalized price increases. Economic policy can lower food price inflation, as the strength of monetary policy and fiscal frameworks, the overall economic environment, and transport constraints in geographically challenged areas account for substantial cross-country differences in staple food prices.

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Section: Introductionmentioning

confidence: 70%

Section: Adverse Eventsmentioning

confidence: 99%

Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment

Unsal¹,

Spray²,

Okou³

2022

IMF Working Papers

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“…All the scales were adopted from prior studies, thus ensuring that they are reliable and valid. The items of the questionnaire were evaluated using a five-variation Likert scale (which included answers ranging from: strongly agree (5) to strongly disagree (1). The scales are displayed in Table 1.…”

Section: Methodsmentioning

confidence: 99%

“…2.8% over the same period, respectively. Such distressing numbers are to be attributed to a disruption in productivity and manufacture, lack of capital investment and revenuegenerating output, preconditioned by such factors as a loss of control over supply chains, trade prohibitions, loss of labor force, and uncertainty-affected human capital [1,2]. Strong and weak spots have to be determined as they can impede or accelerate sustainability and overall recovery.…”

Section: Introductionmentioning

confidence: 99%

Impact of Empowering Leadership, Innovative Work, and Organizational Learning Readiness on Sustainable Economic Performance: An Empirical Study of Companies in Russia during the COVID-19 Pandemic

et al. 2021

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The COVID-19 pandemic shocked the global economy, with numerous companies suffering losses and shutting down. However, some companies proved to be resilient, being able to sustain their economic performance despite the pandemic. The study aims to explain the sustainable economic performance of companies during the COVID-19 pandemic. The relationships between empowering leadership, innovative work behavior, organizational readiness to change, and sustainable economic performance were assessed. The data were collected via an online questionnaire from January 2021 to March 2021, during the height of the COVID-19 pandemic in Russia. The respondents were Russian companies’ employees holding management positions, competent to objectively assess organizational circumstances during the COVID-19 pandemic. A sample of 337 was used in the analysis. Confirmatory factor analysis (CFA) with maximum likelihood estimation was conducted using SPSS AMOS. The structural model was tested with standardized parameter estimates, standard errors, and p-values calculated. The findings of the study suggest that innovative work behavior and organizational readiness to learn have a direct influence on sustainable economic performance. The findings also suggest that empowering leadership impacts innovative work behavior but not sustainable economic performance. The mediation analysis indicates that innovative work behavior is a mediator between empowering leadership and sustainable economic performance, whereas organizational readiness to learn is not a moderator. The study adds to the leadership and sustainability body of knowledge and contributes to the research on the COVID-19 pandemic in the organizational context.

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“…It contributes to a growing body of literature, motivated by the COVID-19 crisis, which explores the long-term economic impact of major adverse shocks, such as recessions and pandemics (e.g. Dieppe et al, 2020;Jordà et al, 2020;Furceri et al, 2021). To test for evidence 1 We use the classification of emerging markets and developing economies used in the Global Economic Prospects, 2021.…”

Section: Introductionmentioning

confidence: 99%

The Scarring and Hysteresis Effects of Steep Recessions and the Implications for Fiscal Policy in ECA Transition Emdes

Brownbridge¹,

Canagarajah²

2021

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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Implications of Major Adverse Events on Productivity

Cited by 6 publications

References 72 publications

Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment

Staple Food Prices in Sub-Saharan Africa: An Empirical Assessment

Impact of Empowering Leadership, Innovative Work, and Organizational Learning Readiness on Sustainable Economic Performance: An Empirical Study of Companies in Russia during the COVID-19 Pandemic

The Scarring and Hysteresis Effects of Steep Recessions and the Implications for Fiscal Policy in ECA Transition Emdes

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