Digitalization, Remote Work and Firm Resilience

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Tác giả: Cristina Constantinescu

Ngôn ngữ: eng

Ký hiệu phân loại: 005.86 Data backup and recovery

Thông tin xuất bản: Washington, DC: World Bank, 2024

Mô tả vật lý:

Bộ sưu tập: Tài liệu truy cập mở

ID: 319138

Using Business Pulse Survey data for 61 countries during the COVID-19 pandemic, this paper presents novel findings on remote work, enabled by digitalization, as a source of resilience for firms. The results suggest the following. First, firms in sectors with greater amenability to remote work experienced a smaller adverse impact of the pandemic in countries with better digital infrastructure. Second, these effects apply to both exporting and non-exporting firms. Third, there are differences across sectors. Among firms in the manufacturing sector, the benefits of remote work in countries with better digital infrastructure accrue more to exporters relative to non-exporters, thereby reflecting a premium to exporting. This exporting premium is not observed in the service sector, which largely comprises firms in non-knowledge intensive services in the sample. Fourth, the effects of the amenability to work remotely in countries with better digital infrastructure do not dissipate over time.
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