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

We study the economic effects of information technology (IT) adoption during the COVID-19 pandemic. Using data on IT adoption covering almost three million establishments in the US, we find that technology adoption can partly shield the economy from the impact of the pandemic. In areas where firms a...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Pierri, Nicola
Weitere Verfasser: Timmer, Yannick
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2020.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2020/208
Online Zugang:Full text available on IMF
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100 1 |a Pierri, Nicola. 
245 1 0 |a IT Shields :   |b Technology Adoption and Economic Resilience during the COVID-19 Pandemic /  |c Nicola Pierri, Yannick Timmer. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2020. 
300 |a 1 online resource (41 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We study the economic effects of information technology (IT) adoption during the COVID-19 pandemic. Using data on IT adoption covering almost three million establishments in the US, we find that technology adoption can partly shield the economy from the impact of the pandemic. In areas where firms adopted more IT the unemployment rate rose less in response to social distancing. Our estimates imply that if the pandemic had hit the world 5 years ago, the resulting unemployment rate would have been 2 percentage points higher during April and May 2020 (16% vs. 14%), due to the lower availability of IT. Local IT adop-tion mitigates the labor market consequences of the pandemic for all individuals, regardless of gender and race, except those with the lowest level of educational attainment. 
538 |a Mode of access: Internet 
700 1 |a Timmer, Yannick. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2020/208 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2020/208/001.2020.issue-208-en.xml  |z IMF e-Library