Publication:
Winners and Losers from COVID-19: Global Evidence from Google Search
dc.contributor.author | Abay, Kibrom A. | |
dc.contributor.author | Tafere, Kibrom | |
dc.contributor.author | Woldemichael, Andinet | |
dc.date.accessioned | 2020-06-04T14:43:54Z | |
dc.date.available | 2020-06-04T14:43:54Z | |
dc.date.issued | 2020-06 | |
dc.description.abstract | As COVID-19 continues to wreak havoc across the world, researchers are attempting to quantify the economic fallout from the pandemic as it continues to unfold. Estimating the economic impacts of a prevailing pandemic is fraught with uncertainties about the epidemiology of the disease and the breadth of disruption of economic activities. This paper employs historical and near real-time Google search data to estimate the immediate impacts of COVID-19 on demand for selected services across 182 countries. The analysis exploits the temporal and spatial variations in the spread of the virus and finds that demand for services that require face-to-face interaction, such as hotels, restaurants and retail trade, has substantially contracted. In contrast, demand for services that can be performed remotely or provide solutions to the challenges of reduced personal interactions, such as information and communications technology (ICT), and deliveries, has increased significantly. In a span of three months, the pandemic has resulted in a 63 percent reduction in demand for hotels, while increasing demand for ICT by a comparable rate. The impacts appear to be driven by supply contractions, due to social distancing and lockdown measures, and demand shocks as consumers shelter in place, with the latter dominating for most services. The magnitude of the changes in demand varies considerably with government responses to the pandemic. | en |
dc.identifier | http://documents.worldbank.org/curated/en/821821591104924698/Winners-and-Losers-from-COVID-19-Global-Evidence-from-Google-Search | |
dc.identifier.uri | http://hdl.handle.net/10986/33852 | |
dc.language | English | |
dc.publisher | World Bank, Washington, DC | |
dc.relation.ispartofseries | Policy Research Working Paper;No. 9268 | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo | |
dc.subject | CORONAVIRUS | |
dc.subject | COVID-19 | |
dc.subject | PANDEMIC IMPACT | |
dc.subject | GOOGLE SEARCH DATA | |
dc.subject | ECONOMIC ACTIVITY | |
dc.subject | DEMAND | |
dc.subject | INFORMATION AND COMMUNICATION TECHNOLOGY | |
dc.subject | CONSUMER DEMAND | |
dc.subject | GOOGLE TRENDS | |
dc.subject | ONLINE SEARCH | |
dc.title | Winners and Losers from COVID-19 | en |
dc.title.subtitle | Global Evidence from Google Search | en |
dc.type | Working Paper | en |
dc.type | Document de travail | fr |
dc.type | Documento de trabajo | es |
dspace.entity.type | Publication | |
okr.crossref.title | Winners and Losers from COVID-19: Global Evidence from Google Search | |
okr.date.disclosure | 2020-06-02 | |
okr.doctype | Publications & Research | |
okr.doctype | Publications & Research :: Policy Research Working Paper | |
okr.docurl | http://documents.worldbank.org/curated/en/821821591104924698/Winners-and-Losers-from-COVID-19-Global-Evidence-from-Google-Search | |
okr.identifier.doi | 10.1596/1813-9450-9268 | |
okr.identifier.externaldocumentum | 090224b0879d13de_2_0 | |
okr.identifier.internaldocumentum | 32087336 | |
okr.identifier.report | WPS9268 | |
okr.imported | true | en |
okr.language.supported | en | |
okr.pdfurl | http://documents.worldbank.org/curated/en/821821591104924698/pdf/Winners-and-Losers-from-COVID-19-Global-Evidence-from-Google-Search.pdf | en |
okr.statistics.combined | 7954 | |
okr.statistics.dr | 821821591104924698 | |
okr.statistics.drstats | 2480 | |
okr.topic | Information and Communication Technologies :: ICT Data and Statistics | |
okr.topic | Information and Communication Technologies :: ICT Economics | |
okr.topic | Macroeconomics and Economic Growth :: Consumption | |
okr.topic | Macroeconomics and Economic Growth :: Economic Forecasting | |
okr.topic | Macroeconomics and Economic Growth :: Economic Growth | |
okr.topic | Macroeconomics and Economic Growth :: Economic Theory & Research | |
okr.unit | Development Research Group, Development Economics | |
relation.isSeriesOfPublication | 26e071dc-b0bf-409c-b982-df2970295c87 |
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