The Impact Of The Covid-19 Pandemic On Exports In Africa: An Approach Based On Fractional Integration

Authors

Robert Mudida, Central Bank of Kenya, Research Department, Nairobi, Kenya
Luis A. Gil-Alana, Navarra Center for International Development, Pamplona, Universidad de Navarra and Universidad Francisco de Vitoria, MadridFollow
Gema Lopez, Universidad Francisco de Vitoria, Madrid, Spain

Corresponding Author

Luis Alberiko Gil-Alana

Document Type

Original Article

Subject Areas

Covid-19 and African Trade

Keywords

Africa; exports; persistence, fractional integration

Abstract

This paper examines the influence of the COVID-19 pandemic on exports in Africa. Fractional integration methods were applied to monthly African exports from 26 African countries from January 2011 to December 2020. We observe that the order of integration is found to be statistically smaller than 1 in all except a single country, Angola. For the rest of the African countries, shocks are transitory, showing mean reversion though with a large degree of heterogeneity across the countries, ranging from low levels of persistence with short memory behaviour in Sao Tome and Principle, the Seychelles and Kenya to high levels of persistence in the Democratic Republic of Congo.

How to Cite This Article

Mudida, Robert; Gil-Alana, Luis A.; and Lopez, Gema (2023) "The Impact Of The Covid-19 Pandemic On Exports In Africa: An Approach Based On Fractional Integration," Journal of African Trade: Vol. 10: Iss. 1, Article 4.

Receive Date

25/02/2022

Accept Date

13/04/2023

Publication Date

2023