## Digitalization and Resilience

_IMF Working Papers, October 28, 2022_

## Source details

**Canonical URL:** [Digitalization and Resilience](https://www.imf.org/en/publications/wp/issues/2022/10/28/digitalization-and-resilience-525207)

## Other formats

- [Markdown version](/en/publications/wp/issues/2022/10/28/digitalization-and-resilience-525207/index.md)
- [Structured JSON version](/en/publications/wp/issues/2022/10/28/digitalization-and-resilience-525207/index.json)
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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

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### 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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## Content in this bundle

- **Working Paper**
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_Source: https://www.imf.org/en/publications/wp/issues/2022/10/28/digitalization-and-resilience-525207_