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Winners and Losers from COVID-19: Global Evidence from Google Search

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dc.contributor.authorAbay, Kibrom A.
dc.contributor.authorTafere, Kibrom
dc.contributor.authorWoldemichael, Andinet
dc.date.accessioned2020-06-04T14:43:54Z
dc.date.available2020-06-04T14:43:54Z
dc.date.issued2020-06
dc.description.abstractAs 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.identifierhttp://documents.worldbank.org/curated/en/821821591104924698/Winners-and-Losers-from-COVID-19-Global-Evidence-from-Google-Search
dc.identifier.doi10.1596/1813-9450-9268
dc.identifier.urihttps://hdl.handle.net/10986/33852
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9268
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectGOOGLE SEARCH DATA
dc.subjectECONOMIC ACTIVITY
dc.subjectDEMAND
dc.subjectINFORMATION AND COMMUNICATION TECHNOLOGY
dc.subjectCONSUMER DEMAND
dc.subjectGOOGLE TRENDS
dc.subjectONLINE SEARCH
dc.titleWinners and Losers from COVID-19en
dc.title.subtitleGlobal Evidence from Google Searchen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleWinners and Losers from COVID-19: Global Evidence from Google Search
okr.date.disclosure2020-06-02
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/821821591104924698/Winners-and-Losers-from-COVID-19-Global-Evidence-from-Google-Search
okr.guid821821591104924698
okr.identifier.doi10.1596/1813-9450-9268
okr.identifier.doihttps://doi.org/10.1596/1813-9450-9268
okr.identifier.externaldocumentum090224b0879d13de_2_0
okr.identifier.internaldocumentum32087336
okr.identifier.reportWPS9268
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/821821591104924698/pdf/Winners-and-Losers-from-COVID-19-Global-Evidence-from-Google-Search.pdfen
okr.statistics.combined8770
okr.statistics.dr821821591104924698
okr.statistics.drstats3063
okr.topicInformation and Communication Technologies::ICT Data and Statistics
okr.topicInformation and Communication Technologies::ICT Economics
okr.topicMacroeconomics and Economic Growth::Consumption
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.unitDevelopment Research Group, Development Economics
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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