{
  "title": "Digitalization and Resilience",
  "publication": "IMF Working Papers, October 28, 2022",
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  "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.",
  "sections": [
    {
      "heading": "Research question and approach",
      "content": "- Investigates the role of digitialization in improving economic resilience.\n- Empirical approach: difference-in-differences.\n- Data: balance sheet data from 24,000 firms in 75 countries."
    },
    {
      "heading": "Key findings",
      "content": "- Firms in industries that are more digitalized experience lower revenue losses following recessions.\n- Early data since the outbreak of the COVID-19 pandemic suggest an even larger effect during the resulting recessions.\n- Results are robust across a wide range of digitalization measures and alternative specifications."
    },
    {
      "heading": "Measures of digitalization analyzed",
      "content": "- ICT input and employment shares.\n- Robot usage.\n- Online sales.\n- Intangible assets.\n- Digital skills listed on online profiles."
    },
    {
      "heading": "Robustness and specifications",
      "content": "- Robustness holds across several alternative specifications.\n- Robustness holds across a wide range of digitalization measures listed above."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Title: Digitalization and Resilience\n- Authors: Alexander Copestake, Julia Estefania-Flores, Davide Furceri\n- Publication date: October 28, 2022\n- Series: IMF Working Papers\n- Issue: 210\n- Volume: 2022\n- Pages: 48\n- DOI: https://doi.org/10.5089/9798400225697.001\n- ISBN: 9798400225697\n- ISSN: 1018-5941\n\nDigitalization and Resilience, IMF Working Paper No. 2022/210, Alexander Copestake, Julia Estefania-Flores, Davide Furceri (October 28, 2022).\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2022/10/28/digitalization-and-resilience-525207"
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    "Authors: Alexander Copestake, Julia Estefania-Flores, Davide Furceri",
    "Published: October 28, 2022",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798400225697.001",
    "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.",
    "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.",
    "ICT input and employment shares.",
    "Robot usage.",
    "Online sales.",
    "Intangible assets.",
    "Digital skills listed on online profiles.",
    "Robustness holds across several alternative specifications.",
    "Robustness holds across a wide range of digitalization measures listed above.",
    "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",
    "**Working Paper**"
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