TRADE DEFICIT AND THE COVID-19 PANDEMIC IN 2020: EVIDENCE FROM NIGERIA / Trade Deficit and the Covid-19 Pandemic in 2020: Evidence From Nigeria
In this paper, the relationship between trade deficit and Corona Virus pandemic is examined using daily data spanning the period February-December, 2020. COVID-19 related variables employed are number of confirmed cases, number of discharged cases, total death cases and tested cases. To control for...
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| Format: | Article |
| Language: | English |
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Recep Tayyip Erdoğan Üniversitesi
2021-04-01
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| Series: | Uluslararası Ekonomi, İşletme ve Politika Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/1685217 |
| _version_ | 1797662284973080576 |
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| author | Jimoh Saka |
| author_facet | Jimoh Saka |
| author_sort | Jimoh Saka |
| collection | DOAJ |
| description | In this paper, the relationship between trade deficit and Corona Virus pandemic is examined using daily data spanning the period February-December, 2020. COVID-19 related variables employed are number of confirmed cases, number of discharged cases, total death cases and tested cases. To control for omitted variable bias, the paper considers inclusion of some economic variables such as exchange rate, inflation rate and interest rate. Using the S-estimation of the Robust Least Square, it is found that total death cases and test cases trigger more trade deficit. Increase in the number of discharged cases necessarily reduces trade deficit due to more active labour force. Depreciation of the naira triggers trade deficit due to short fall in supply and rising costs of importation. Hence, Nigeria should focus more on domestic production, increasing financing of small and medium scale enterprises alongside with adhering to COVID-19 protocol to further boost trade and economic growth. |
| first_indexed | 2024-03-11T18:56:55Z |
| format | Article |
| id | doaj.art-d0b4e60de32c4447b1f639de550cb019 |
| institution | Directory Open Access Journal |
| issn | 2587-2559 |
| language | English |
| last_indexed | 2024-03-11T18:56:55Z |
| publishDate | 2021-04-01 |
| publisher | Recep Tayyip Erdoğan Üniversitesi |
| record_format | Article |
| series | Uluslararası Ekonomi, İşletme ve Politika Dergisi |
| spelling | doaj.art-d0b4e60de32c4447b1f639de550cb0192023-10-10T18:17:38ZengRecep Tayyip Erdoğan ÜniversitesiUluslararası Ekonomi, İşletme ve Politika Dergisi2587-25592021-04-015119921010.29216/ueip.9098981075TRADE DEFICIT AND THE COVID-19 PANDEMIC IN 2020: EVIDENCE FROM NIGERIA / Trade Deficit and the Covid-19 Pandemic in 2020: Evidence From NigeriaJimoh Saka0Lagos State University, Ojo, NigeriaIn this paper, the relationship between trade deficit and Corona Virus pandemic is examined using daily data spanning the period February-December, 2020. COVID-19 related variables employed are number of confirmed cases, number of discharged cases, total death cases and tested cases. To control for omitted variable bias, the paper considers inclusion of some economic variables such as exchange rate, inflation rate and interest rate. Using the S-estimation of the Robust Least Square, it is found that total death cases and test cases trigger more trade deficit. Increase in the number of discharged cases necessarily reduces trade deficit due to more active labour force. Depreciation of the naira triggers trade deficit due to short fall in supply and rising costs of importation. Hence, Nigeria should focus more on domestic production, increasing financing of small and medium scale enterprises alongside with adhering to COVID-19 protocol to further boost trade and economic growth.https://dergipark.org.tr/tr/download/article-file/1685217trade deficitcovid-19 pandemicrobust least squarestrade deficitcovid-19 pandemicrobust least squares |
| spellingShingle | Jimoh Saka TRADE DEFICIT AND THE COVID-19 PANDEMIC IN 2020: EVIDENCE FROM NIGERIA / Trade Deficit and the Covid-19 Pandemic in 2020: Evidence From Nigeria Uluslararası Ekonomi, İşletme ve Politika Dergisi trade deficit covid-19 pandemic robust least squares trade deficit covid-19 pandemic robust least squares |
| title | TRADE DEFICIT AND THE COVID-19 PANDEMIC IN 2020: EVIDENCE FROM NIGERIA / Trade Deficit and the Covid-19 Pandemic in 2020: Evidence From Nigeria |
| title_full | TRADE DEFICIT AND THE COVID-19 PANDEMIC IN 2020: EVIDENCE FROM NIGERIA / Trade Deficit and the Covid-19 Pandemic in 2020: Evidence From Nigeria |
| title_fullStr | TRADE DEFICIT AND THE COVID-19 PANDEMIC IN 2020: EVIDENCE FROM NIGERIA / Trade Deficit and the Covid-19 Pandemic in 2020: Evidence From Nigeria |
| title_full_unstemmed | TRADE DEFICIT AND THE COVID-19 PANDEMIC IN 2020: EVIDENCE FROM NIGERIA / Trade Deficit and the Covid-19 Pandemic in 2020: Evidence From Nigeria |
| title_short | TRADE DEFICIT AND THE COVID-19 PANDEMIC IN 2020: EVIDENCE FROM NIGERIA / Trade Deficit and the Covid-19 Pandemic in 2020: Evidence From Nigeria |
| title_sort | trade deficit and the covid 19 pandemic in 2020 evidence from nigeria trade deficit and the covid 19 pandemic in 2020 evidence from nigeria |
| topic | trade deficit covid-19 pandemic robust least squares trade deficit covid-19 pandemic robust least squares |
| url | https://dergipark.org.tr/tr/download/article-file/1685217 |
| work_keys_str_mv | AT jimohsaka tradedeficitandthecovid19pandemicin2020evidencefromnigeriatradedeficitandthecovid19pandemicin2020evidencefromnigeria |