ICT and economic resilience: Evidence from the COVID-19 pandemic

Sotiris K. Papaioannou

Economic Modelling, 2023, vol. 128, issue C

Abstract: This paper highlights the role of ICT in advancing a country's economic resilience. By looking at the cyclical component of GDP, I examine if European countries with higher ICT intensity reacted differentially to the adverse shock brought by the COVID-19 pandemic. Difference in differences estimates show that the economic losses brought by the pandemic were not equal across countries. Countries with higher ICT intensity witnessed lower output losses in terms of cyclical GDP. Several robustness and sensitivity checks confirm that cyclical output shrank unevenly more in countries with lower adoption of ICT.

Keywords: COVID-19; Information and communication technology; Economic resilience; Business cycles; Difference in differences (search for similar items in EconPapers)
JEL-codes: E32 O30 O50 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:128:y:2023:i:c:s0264999323003127

DOI: 10.1016/j.econmod.2023.106500

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