Socio-Economic Effects of Coronavirus Disease 2019 (COVID-19) on Logistics Industry in a Developing Nation (Published)
Logistics plays a vital role in the growing global economy and increaseed competition. Investment in logistics business enhances the economic growth of a nation. Consequently, COVID-19 virus crippled the economy. Thus, leading to recession. The aim of this research examined the socio-economic effects of Covid-19 virus on the logistics sectors in Nigeria. Both primary and secondary data were used in which descriptive and inferential statistics were adopted. Survey design was used for the inferential statistics. Questionnaire was used as instrument to collect information from 120 respondents. The result showed that the Gross Domestic Product (GDP) decline because of the COVID-19 pandemic. Also, a relationship was established between COVID-19 and Logistic sector at r = 78.1%. It was concluded that COVID-19 pandemic has limited the logistics sector in terms of logistics service, revenue generation and employment opportunities. It was recommended that a less tax burden should be considered by the government to support the logistics sector.
Citation: Dosunmu Victor Ayodele (2022) Socio-Economic Effects of Coronavirus Disease 2019 (COVID-19) on Logistics Industry in a Developing Nation, European Journal of Logistics, Purchasing and Supply Chain Management, Vol.10 No.1, pp.24-30
Keywords: COVID-19, Gross Domestic Product (GDP), economic growth, logistics sector
Impact of Financial Markets on the Economic Growth of East Africa (Published)
This paper aims at critically analyzing the impact of financial markets in trying to influence the magnitude and direction of economic growth as they purpose to intermediate funds between surplus spenders and deficit spenders within East Africa. Some of the past researches have revealed that the performance of financial markets have a significant impact on the growth of economy. We examine how the money markets, corporate and Government Bond markets, the stock markets impact on the growth of the economy within East Africa. We model our problem to incorporate financial markets operations, capital flows from foreign nations and the local market capital structure to depict their influence in the level of economic growth within East Africa. It involved conducting a systematic review of literature papers in the field of financial markets through content analysis to draw conclusion and recommendations. Governments especially in less developed countries need to enhance and develop robust financial markets in order to realize the full potential of foreign direct investment. Financial markets act as linkages between the foreign financial markets and the economy. With better managed financial markets, the spillovers from direct foreign investment are capable of influencing great economic development in host countries.
Keywords: East Africa, Financial Markets, economic growth