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E-commerce During Covid: Stylized Facts from 47 Economies

Author

Listed:
  • Alberto Cavallo
  • Ms. Prachi Mishra
  • Mr. Antonio Spilimbergo

Abstract

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.

Suggested Citation

  • Alberto Cavallo & Ms. Prachi Mishra & Mr. Antonio Spilimbergo, 2022. "E-commerce During Covid: Stylized Facts from 47 Economies," IMF Working Papers 2022/019, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2022/019
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    Cited by:

    1. Philippe Goulet Coulombe & Karin Klieber & Christophe Barrette & Maximilian Goebel, 2024. "Maximally Forward-Looking Core Inflation," Papers 2404.05209, arXiv.org.
    2. Joël Cariolle & Florian Léon, 2022. "How internet helped firms to cope with COVID-19," Working Papers hal-03592617, HAL.
    3. Kahr, Michael, 2022. "Determining locations and layouts for parcel lockers to support supply chain viability at the last mile," Omega, Elsevier, vol. 113(C).
    4. Mr. Francesco Grigoli & Evgenia Pugacheva, 2022. "Updating Inflation Weights in the UK and Germany during COVID-19," IMF Working Papers 2022/204, International Monetary Fund.
    5. Guo, Jianxin & Jin, Songqing & Zhao, Jichun & Wang, Hongbiao & Zhao, Fang, 2022. "Has COVID-19 accelerated the E-commerce of agricultural products? Evidence from sales data of E-stores in China," Food Policy, Elsevier, vol. 112(C).
    6. Tomas Adam & Jan Belka & Martin Hluze & Jakub Mateju & Hana Prause & Jiri Schwarz, 2023. "Ace in Hand: The Value of Card Data in the Game of Nowcasting," Working Papers 2023/14, Czech National Bank.
    7. Axenbeck, Janna & Bertschek, Irene & Breithaupt, Patrick & Erdsiek, Daniel, 2023. "Firm digitalisation and mobility - Do Covid-19-related changes persist?," ZEW Discussion Papers 23-011, ZEW - Leibniz Centre for European Economic Research.
    8. Grigoli, Francesco & Pugacheva, Evgenia, 2024. "COVID-19 inflation weights in the UK and Germany," Journal of Macroeconomics, Elsevier, vol. 79(C).
    9. Witold Chmielarz & Marek Zborowski & Xuetao Jin & Mesut Atasever & Justyna Szpakowska, 2022. "On a Comparative Analysis of Individual Customer Purchases on the Internet for Poland, Turkey and the People’s Republic of China at the Time of the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(12), pages 1-21, June.
    10. Jean-Victor Alipour & Oliver Falck & Simon Krause & Carla Krolage & Sebastian Wichert, 2022. "The Future of Work and Consumption in Cities after the Pandemic: Evidence from Germany," CESifo Working Paper Series 10000, CESifo.
    11. Liviu Andrei Toader & Dorel Mihai Paraschiv & Florentina Chițu, 2023. "The Effects of Individuals’ Levels of Computer Skills on the ICT Sector Employment in the European Union during the COVID-19 Pandemics," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 26(85), pages 67-77, June.
    12. Qian, Zhifeng & Day, Steven James & Ignatius, Joshua & Dhamotharan, Lalitha & Chai, Junwu, 2024. "Digital advertising spillover, online-exclusive product launches, and manufacturer-remanufacturer competition," European Journal of Operational Research, Elsevier, vol. 313(2), pages 565-586.

    More about this item

    Keywords

    COVID-19; Technological Change; consumption; digitalization; e-commerce; IMF working paper research Department; e-commerce share; COVID trend; data from Mastercard; spending share; COVID-19; Consumer credit; Consumption; Tourism; Global;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • F00 - International Economics - - General - - - General

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