Global Transition Online

This paper presents new evidence on the growth of digital technology in response to the COVID-19 pandemic. It uses the largest and most comprehensive database available to analyze website birth dynamics and the uptake of website technologies. The d...

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Main Authors:	Ragoussis, Alexandros, Timmis, Jonathan David
Format:	Working Paper
Language:	English
Published:	Washington, DC: World Bank 2022
Subjects:	EMERGING ECONOMY TEMPORARY SHOCK DIGITAL INFRASTRUCTURE CENTER FOR ECONOMIC STUDIES ONLINE PAYMENT
Online Access:	http://documents.worldbank.org/curated/en/479621646326478059/Global-Transition-Online http://hdl.handle.net/10986/37103

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recordtype	oai_dc
spelling	okr-10986-371032022-03-10T05:10:46Z Global Transition Online Ragoussis, Alexandros Timmis, Jonathan David EMERGING ECONOMY TEMPORARY SHOCK DIGITAL INFRASTRUCTURE CENTER FOR ECONOMIC STUDIES ONLINE PAYMENT This paper presents new evidence on the growth of digital technology in response to the COVID-19 pandemic. It uses the largest and most comprehensive database available to analyze website birth dynamics and the uptake of website technologies. The database comprises 150 million active websites and 27,000 technologies. The findings show that, over 2020, there was rapid adoption of both e-commerce and online payments across all countries, with greatest rates of adoption in countries that had lower initial levels of technology use. The timing of COVID-19 lockdowns strongly predicts increased use of these technologies, accounting for about a third of the overall increase in e-commerce or online payments usage over 2020. More importantly the shock appears to have resulted in a shift in trend more so than a shift in level, suggesting that COVID-19 may have transformed the trajectory of online market growth. 2022-03-09T18:32:40Z 2022-03-09T18:32:40Z 2022-03-03 Working Paper http://documents.worldbank.org/curated/en/479621646326478059/Global-Transition-Online http://hdl.handle.net/10986/37103 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	EMERGING ECONOMY TEMPORARY SHOCK DIGITAL INFRASTRUCTURE CENTER FOR ECONOMIC STUDIES ONLINE PAYMENT
spellingShingle	EMERGING ECONOMY TEMPORARY SHOCK DIGITAL INFRASTRUCTURE CENTER FOR ECONOMIC STUDIES ONLINE PAYMENT Ragoussis, Alexandros Timmis, Jonathan David Global Transition Online
description	This paper presents new evidence on the growth of digital technology in response to the COVID-19 pandemic. It uses the largest and most comprehensive database available to analyze website birth dynamics and the uptake of website technologies. The database comprises 150 million active websites and 27,000 technologies. The findings show that, over 2020, there was rapid adoption of both e-commerce and online payments across all countries, with greatest rates of adoption in countries that had lower initial levels of technology use. The timing of COVID-19 lockdowns strongly predicts increased use of these technologies, accounting for about a third of the overall increase in e-commerce or online payments usage over 2020. More importantly the shock appears to have resulted in a shift in trend more so than a shift in level, suggesting that COVID-19 may have transformed the trajectory of online market growth.
format	Working Paper
author	Ragoussis, Alexandros Timmis, Jonathan David
author_facet	Ragoussis, Alexandros Timmis, Jonathan David
author_sort	Ragoussis, Alexandros
title	Global Transition Online
title_short	Global Transition Online
title_full	Global Transition Online
title_fullStr	Global Transition Online
title_full_unstemmed	Global Transition Online
title_sort	global transition online
publisher	Washington, DC: World Bank
publishDate	2022
url	http://documents.worldbank.org/curated/en/479621646326478059/Global-Transition-Online http://hdl.handle.net/10986/37103
_version_	1764486563153051648

Global Transition Online

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