IT Shields: Technology Adoption and Economic Resilience during the COVID-19 Pandemic

Pierri, Nicola

doi:10.2139/ssrn.3721520

Cited by 13 publications

(15 citation statements)

References 24 publications

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“…Besides, some countries initiated technological adoption and employment on it. Technology adoption and applying information technologies not only protect economies from the negative impact of a pandemic but also the unemployment rate increase less (26).…”

Section: Impacts On Unemploymentmentioning

confidence: 99%

The Global Economic Hibernation: Macroeconomic Indicators and Health Management Policies

Çakar

Gedikli

Erdoğan

2021

Düzce Tıp Fakültesi Dergisi

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Considering its dire effects on different sectors, the coronavirus is far more than a health problem. The pandemic has hit the global economy starting with the developed world and now spreading into emerging economies. It is a fact that developing countries are more disadvantageous in this process since not only their health conditions and health services are not so sophisticated as their developed counterparts, but also macroeconomic conditions are not strong enough to endure such a long-lasting socio-economic crisis. Those countries are poorer and it is hard for them to allocate sources to the health sector. Comparing with emerging economies, the developed world also has been suffering from the severe effects of the pandemic. Because of long-lasting lock-down and contractions in the global economy, all developed economies revealed negative economic growth rates for the proceeding years. The purpose of this article is not only to compare the macroeconomic effects of the coronavirus disease 2019 (COVID-19) pandemic on developed and developing countries but also to assist economy authorities, health care leaders, and their organizations in anticipating and preempting problems by providing alternative health management policies rather than reacting. Macroeconomic variables data that are released by the World Bank and IMF will be applied to make the comparisons.

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Section: Impacts On Unemploymentmentioning

confidence: 99%

The Global Economic Hibernation: Macroeconomic Indicators and Health Management Policies

Çakar

Gedikli

Erdoğan

2021

Düzce Tıp Fakültesi Dergisi

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“…Countries with greater resilience exhibit advanced macroeconomic and financial development, while social, institutional and cultural tensions, and low productive capacity in high technology sectors are associated with lower resilience. In a somewhat different study, Pierri and Timmer (2020) examine the effects from the decline in mobility and from information technology (IT) adoption across US states during the COVID-19 crisis using a linear probability model. They find that IT adoption mitigates the economic fallout from reduced mobility during the pandemic, which they measure in terms of unemployment increases rather than output losses.…”

Section: Anastasia Theofilakou Economic Analysis and Research Departmentmentioning

confidence: 99%

Explaining the cross-country differences in the economic fallout during the COVID-19 pandemic crisis

Dimitropoulou¹,

Theophilakou²

2021

EconBull

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This paper investigates the main drivers of the differences in the economic fallout in advanced economies during the COVID-19 crisis. In addition to containment measures, the analysis places emphasis on pre-crisis factors that may have bolstered economic resilience during the health crisis and mitigated the output loss. Also, it assesses the role of discretionary fiscal policy in 2020 in explaining the cross-country variation in the economic fallout by explicitly controlling for the simultaneity of the policy measures and the size of the GDP shock. We find that factors such as social distancing measures and the structure of the economy, which are directly related to the COVID-19 crisis, explain a large part of the asymmetry in output loss in 2020 across countries. Pre-crisis structural and institutional factors also seem to contribute to economic resilience during the current crisis, while stronger discretionary fiscal support in 2020 is associated with lower output loss.

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“…However, it does not The authors of this box are Nicola Pierri and Yannick Timmer. The analysis largely draws from Pierri and Timmer (2020), which includes technical details.…”

Section: Optimal Mitigation Policy and Historical Perspectivesmentioning

confidence: 99%

“…Low education refers to respondents who did not graduate from high school. See Pierri and Timmer (2020) for more details. IT = information technology.…”

Section: High It Low Itmentioning

confidence: 99%

World Economic Outlook, October 2020

2020

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The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

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IT Shields: Technology Adoption and Economic Resilience during the COVID-19 Pandemic

Cited by 13 publications

References 24 publications

The Global Economic Hibernation: Macroeconomic Indicators and Health Management Policies

The Global Economic Hibernation: Macroeconomic Indicators and Health Management Policies

Explaining the cross-country differences in the economic fallout during the COVID-19 pandemic crisis

World Economic Outlook, October 2020

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