Technology and Resilience

• Tác giả: Xavier Cirera
• Ngôn ngữ: eng
• Ký hiệu phân loại: 261.56 Technology
• Thông tin xuất bản: Washington, DC: World Bank, 2022
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 326171
• Chủ đề: 1. DIGITAL TECHNOLOGY; 2. INNOVATION AND ENTREPRENEURSHIP; 3. NATIONALLY REPRESENTATIVE SURVEY; 4. SUPPLY CHAIN MANAGEMENT SYSTEM; 5. TECHNOLOGY INDEX

Tóm tắt

This paper estimates the impact of technology sophistication pre-COVID-19 on the performance of firms during the early stages of the pandemic. It exploits a unique data set covering firms from Brazil, Senegal, and Vietnam, using a treatment effect mediation framework to decompose the results into direct and indirect effects. Increasing pre-pandemic technology sophistication by one standard deviation is associated with 3.8 percentage points higher sales. Both effects are positive, but the direct effect is about five times larger than the indirect effect. The total effect on sales is markedly nonlinear with significantly smaller estimates of the reduction in sales for firms with more sophisticated pre-pandemic technology. The results are robust to different measures of digital responses and matching estimators.