Digitalization and Resilience
IMF Working Papers, October 28, 2022
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Bibliographic details
- Authors: Alexander Copestake, Julia Estefania-Flores, Davide Furceri
- Published: October 28, 2022
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400225697.001
Research question and approach
- Investigates the role of digitialization in improving economic resilience.
- Empirical approach: difference-in-differences.
- Data: balance sheet data from 24,000 firms in 75 countries.
Key findings
- 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.
- Results are robust across a wide range of digitalization measures and alternative specifications.
Measures of digitalization analyzed
- ICT input and employment shares.
- Robot usage.
- Online sales.
- Intangible assets.
- Digital skills listed on online profiles.
Robustness and specifications
- Robustness holds across several alternative specifications.
- Robustness holds across a wide range of digitalization measures listed above.
Publication and metadata
- Title: Digitalization and Resilience
- Authors: Alexander Copestake, Julia Estefania-Flores, Davide Furceri
- Publication date: October 28, 2022
- Series: IMF Working Papers
- Issue: 210
- Volume: 2022
- Pages: 48
- DOI: https://doi.org/10.5089/9798400225697.001
- ISBN: 9798400225697
- ISSN: 1018-5941
Digitalization and Resilience, IMF Working Paper No. 2022/210, Alexander Copestake, Julia Estefania-Flores, Davide Furceri (October 28, 2022).
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- Working Paper