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Technological capacity and firms' recovery from Covid-19

Sebastian Doerr, Magdalena Erdem (), Guido Franco, Leonardo Gambacorta () and Anamaria Illes

No 965, BIS Working Papers from Bank for International Settlements

Abstract: Can higher technological capacity help firms to recover quicker from recessions? Analyzing the effects of the Covid-19 pandemic on firm revenues in several countries, we find that firms headquartered in jurisdictions with better digital infrastructure generated relatively higher revenue during the shock period. Improving a country's technological capability by one standard deviation is associated with a relative increase in revenues of the average firm by around 4%. The positive effect of technology is more pronounced among smaller firms, suggesting that it could have helped the recovery of SMEs.

Keywords: Covid-19; pandemic; information technology; crisis; recovery. (search for similar items in EconPapers)
JEL-codes: E23 G10 G38 O30 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2021-10
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-mac, nep-sbm and nep-tid
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