Winners and losers from COVID-19: Global evidence from Google search
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...
| Autores principales: | , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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World Bank
2020
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| Acceso en línea: | https://hdl.handle.net/10568/142254 |
| _version_ | 1855513168547151872 |
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| author | Abay, Kibrom A. Tafere, Kibrom Woldemichael, Andinet |
| author_browse | Abay, Kibrom A. Tafere, Kibrom Woldemichael, Andinet |
| author_facet | Abay, Kibrom A. Tafere, Kibrom Woldemichael, Andinet |
| author_sort | Abay, Kibrom A. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | 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. |
| format | Artículo preliminar |
| id | CGSpace142254 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | World Bank |
| publisherStr | World Bank |
| record_format | dspace |
| spelling | CGSpace1422542024-10-25T07:52:45Z Winners and losers from COVID-19: Global evidence from Google search Abay, Kibrom A. Tafere, Kibrom Woldemichael, Andinet recreation covid-19 online search demand disease prevention information and communication technologies pandemics internet trends 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. 2020-07-01 2024-05-22T12:10:13Z 2024-05-22T12:10:13Z Working Paper https://hdl.handle.net/10568/142254 en https://doi.org/10.2499/p15738coll2.133776 Open Access World Bank Abay, Kibrom A.; Tafere, Kibrom; and Woldemichael, Andinet. 2020. Winners and losers from COVID-19: Global evidence from Google search. World Bank Policy Research Working Paper No. 9268. Washington, DC: World Bank. http://documents.worldbank.org/curated/en/821821591104924698/Winners-and-Losers-from-COVID-19-Global-Evidence-from-Google-Search |
| spellingShingle | recreation covid-19 online search demand disease prevention information and communication technologies pandemics internet trends Abay, Kibrom A. Tafere, Kibrom Woldemichael, Andinet Winners and losers from COVID-19: Global evidence from Google search |
| title | Winners and losers from COVID-19: Global evidence from Google search |
| title_full | Winners and losers from COVID-19: Global evidence from Google search |
| title_fullStr | Winners and losers from COVID-19: Global evidence from Google search |
| title_full_unstemmed | Winners and losers from COVID-19: Global evidence from Google search |
| title_short | Winners and losers from COVID-19: Global evidence from Google search |
| title_sort | winners and losers from covid 19 global evidence from google search |
| topic | recreation covid-19 online search demand disease prevention information and communication technologies pandemics internet trends |
| url | https://hdl.handle.net/10568/142254 |
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