E-commerce During Covid: Stylized Facts from 47 Economies PDF Download
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Author: Alberto Cavallo
Publisher: International Monetary Fund
ISBN: 1616359218
Category : Business & Economics
Languages : en
Pages : 19
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Book Description
We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with higher pre-pandemic e-commerce shares, exacerbating the digital divide across economies. Overall, the latest data suggest that these spikes in online spending shares are dissipating at the aggregate level, though there is variation across industries. In particular, the share of online spending in professional services and recreation has fallen below its pre-pandemic trend, but we observe a longer-lasting shift to digital in retail and restaurants.
Author: Alberto Cavallo
Publisher: International Monetary Fund
ISBN: 1616359218
Category : Business & Economics
Languages : en
Pages : 19
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Book Description
We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with higher pre-pandemic e-commerce shares, exacerbating the digital divide across economies. Overall, the latest data suggest that these spikes in online spending shares are dissipating at the aggregate level, though there is variation across industries. In particular, the share of online spending in professional services and recreation has fallen below its pre-pandemic trend, but we observe a longer-lasting shift to digital in retail and restaurants.
Author: Ms. Prachi Mishra
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
The share of e-commerce in total credit-card spending boomed during Covid in Spain. In particular, women, youth, and urban consumers used e-commerce proportionally more during the pandemic, especially for services. Using a unique proprietary dataset on credit card transactions, we test conjectures about consumers’ behavior (based on fear, hoarding, or learning) during Covid. Overall, e-commerce share reverted to its pre-Covid trend as the pandemic waned. However, some consumers with lower pre-Covid e-commerce usage tend to permanently use more e-commerce, supporting the conjecture of “learning by locking” for these individuals.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292703935
Category : Computers
Languages : en
Pages : 190
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Book Description
This report analyzes e-commerce in Asia and the Pacific, assesses its environmental impact, and explains why providing adequate internet, online payments, and last-mile logistics is key to creating a sustainable and inclusive digital marketplace. Noting the region makes up the largest share of the world’s online retail market, it tracks the impact of the pandemic and emphasizes the need to level the playing field for small businesses. It outlines ways for companies to measure their carbon footprint, highlights the potential risk of anti-competitive behavior, and explains the need to improve digital taxation policies in line with e-commerce’s rapid growth.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264654267
Category :
Languages : en
Pages : 161
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Book Description
The OECD Digital Economy Outlook 2024, Volume 1: Embracing the Technology Frontier provides new insights on key technologies that underpin the digital technology ecosystem and their impacts. Using big data and machine-learning techniques, Volume 1 provides new estimates of the growth rate of the ecosystem’s core – the information and communications technology (ICT) sector.
Author: Florence Jaumotte
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 56
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Book Description
Digitalization induced by the pandemic was seen both as a possible silver-lining from the crisis that could increase longer-term productivity and a risk for further labor market inequality between digital and non-digital workers. The note shows that the pandemic accelerated digitalization and triggered a partial catch-up by less digitalized entities in advanced economies. Higher digitalization levels shielded substantially productivity and hours worked during the crisis. However, the extent to which the pandemic-induced digitalization led to structural change in the economy is less clear. Less digitalized sectors have rebounded more strongly, albeit after stronger declines, and while workers in digital occupations were more shielded from the crisis, there does not appear to be a structural change in the composition of labor demand. Meanwhile, shifts in labor supply are more likely to be permanent, driven by the increase in working from home.
Author: OECD
Publisher: OECD Publishing
ISBN: 926484757X
Category :
Languages : en
Pages : 111
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Book Description
Digital technologies not only offer a vast potential to enhance firm productivity, they can also help enhance resilience and support economic recovery in times of war. The government has made significant strides in accelerating the digital transformation and has reinforced support for digitalisation since the onset of Russia’s full-scale invasion in February 2022. While digital technologies have brought significant benefits to the country, Ukraine’s SMEs are yet to fully tap into the potential of digitalisation. Beyond war-related challenges, lack of awareness, digital skills shortages, sectoral specificities, and financial constraints complicate their digital development. The government aims to further promote SME digitalisation and is currently preparing its SME Strategy 2024-27. Throughout 2023, the OECD provided guidance to Ukraine on how to help SMEs leverage digitalisation for productivity, resilience, and recovery. This report presents an overview of the findings, looking at i) ways to strengthen the national and subnational institutional and policy framework for SME digitalisation; ii) avenues for targeted digitalisation support services for SMEs, building on the OECD’s blueprint; and iii) specific ways digitalisation can help SMEs weather war-related challenges.
Author: Ewa Ziemba
Publisher: CRC Press
ISBN: 1040000754
Category : Computers
Languages : en
Pages : 355
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Book Description
This book represents an important voice in the discourse on the adoption of emerging ICT for sustainability. It focuses on how emerging ICT acts as a crucial enabler of sustainability, offering new forward-looking approaches to this field. The book explores how emerging ICT adoption drives sustainability efforts in business and public organizations, promoting ecological, economic, social, cultural, and political sustainability. The book's theoretical discussions, conceptual approaches, empirical studies, diverse perspectives, and views make it a valuable and comprehensive reference work. Appealing to both researchers and practitioners, this book provides significant areas for research and practice related to the contribution of emerging ICT adoption to sustainability. It also suggests vital considerations for programming and building sustainable development-driven emerging ICT adoption. Readers will find answers to important contemporary questions, such as: • What are the concepts, frameworks, models, and approaches to enhance sustainable development through the adoption of emerging ICT? • How does the adoption of emerging ICT influence sustainability? • How can emerging ICT be adopted to enhance sustainability? • What are the current practices and successful cases of emerging ICT adoption for sustainability? • What factors influence emerging ICT adoption to enhance sustainability?
Author: Nebojsa Bacanin
Publisher: Springer Nature
ISBN: 9464631104
Category : Computers
Languages : en
Pages : 333
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Book Description
This is an open access book.The First International Conference on Innovation in information technology and business (ICIITB) will be taking place in Muscat, Oman, on November 9th and 10th, 2022. The Conference will be carried out in a hybrid format, allowing world-scattered academicians, researchers, and industry professionals to participate in this unique Conference for Oman and the GCC region. The participants of the Conference will get an opportunity to contribute to the contemporary implementation of cutting-edge research and development in the area of artificial intelligence, data science, machine learning, and the IoT in the business environment. The participants will get a first-of-a-kind networking and knowledge sharing opportunity to be a part of an event in Oman, that will gather recognized researchers from the GCC, Europe, the USA, and other parts of the World. Select research papers will also be published in a Springer-published Conference proceedings.
Author: Hung-Yi Chen
Publisher: Springer Nature
ISBN: 3031548027
Category :
Languages : en
Pages : 274
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Book Description
Author: Mr. Francesco Grigoli
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
The COVID-19 pandemic altered consumption patterns significantly in a short period of time. However, official inflation statistics take time to reflect these changes in the weights of the CPI consumption basket. Using credit card data for the UK and Germany, we document how consumption patterns changed and we quantify the resulting inflation bias. We find that consumers experienced a higher level of inflation at the beginning of the pandemic than what a fixed-weight inflation (or the official-weight) index suggests and a lower inflation thereafter. We also show that weights can differ among age groups as well as between in-person and online spenders. These differences affect the purchasing power of the population heterogeneously. We conclude that CPI inflation indexes based on frequently updated weights can provide useful inputs to assess changes in the cost of living and, if shifts in consumption patterns prove persistent, determine the need to introduce new official weights and inform monetary policy.
