Economic activities' response to the COVID-19 pandemic in developing countries.

Since the occurrence of the COVID-19 pandemic, many governments around the world have instituted several economic policy responses to swathe the real sectors of their economies from the ramifications of the pandemic. However, most economies still remain vulnerable to the pandemic. In this paper, we evaluate and quantify the potential short-run impact of the COVID-19 pandemic on economic activities in eighteen (18) developing countries using monthly time series data on Industrial Production Index and Composite Index of Economic Activity from January 2010 to December 2020.

The impact of COVID-19 on stock market performance in Africa: A Bayesian structural time series approach.

This paper evaluates and quantifies the short-term impact of the coronavirus disease of 2019 (COVID-19) on stock market performance in thirteen (13) African countries, using daily time series stock market data spanning 1st October 2019 to 30th June 2020. We employ a novel Bayesian structural time series approach (a state-space model) to estimate the relative effects of the COVID-19 pandemic on stock market performance in those countries. Generally, our Bayesian posterior estimates show that, in relative terms, stock market performances in Africa have significantly reduced during and after the occurrence of the COVID-19, usually between -2.