Digitalization and Resilience

Author: Alexander Copestake, Julia Estefania-Flores, and Davide Furceri

Volume/Issue: Volume 2022 Issue 210

Publication date: October 2022

ISBN: 9798400225697

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Economics / General , Resilience , Digitalization , Recessions , Firms , Local Projection , digitalization measure , macroeconomic data , balance sheet data , outbreak of the COVID-19 pandemic , revenue loss , employment share , Economic recession , COVID-19 , Global

Also of interest

Measuring Soft Power: A New Global Index

Private Participation and its Discontents: Insights from Large-Scale Surveys

Public Investment Management Bottlenecks in Low-income Countries

Demand for Ethanol Considering Spatially Differentiated Fuel Retailers

Summary

This paper investigates the role of digitialization in improving economic resilience. Using balance sheet data from 24,000 firms in 75 countries, and a difference-in-differences approach, we find that firms in industries that are more digitalized experience lower revenue losses following recessions. Early data since the outbreak of the COVID-19 pandemic suggest an even larger effect during the resulting recessions. These results are robust across a wide range of digitalization measures—such as ICT input and employment shares, robot usage, online sales, intangible assets and digital skills listed on online profiles—and several alternative specifications.