The effect of the global COVID-19 pandemic on the secondary sector in Côte d‘Ivoire

Abstract

This research investigates the repercussions of the global COVID-19 pandemic on the secondary sector of Côte d‘Ivoire during the period 2020–2022. Using two-stage generalized random effects (G2SLS) instrumental variable (IV) models is a statistical method used in econometrics, particularly in the context of instrumental variable (IV) models. In the context of the study, G2SLS helps in establishing the causal impact of the COVID-19 pandemic on the secondary sector while accounting for potential endogeneity issues. This study comprehensively analyzes the effects of COVID-19, and economic performance, country factors, structural characteristics, responses to fiscal and monetary policies, and overall growth in industrial production. Expanding its focus to a comparative analysis with Nigeria, Egypt, South Africa, China, and France, this research uses a robust econometric approach to unravel the complex dynamics of the secondary sector. From a cross-national perspective, this study provides nuanced insights for policymakers and stakeholders. The findings of this study could contribute to secondary sector public policy strategy-making and instruments definitions to resist similar threats.

Keywords

• COVID-19 pandemic
• economic performance
• secondary sector performance
• economic growth
• Côte d’Ivoire
• Industrial production