Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1863830
How COVID-19 has shaken the sharing economy? An analysis using Google trends data
Maryam Batool
Huma Ghulam
Muhammad Azmat Hayat
Muhammad Zahid Naeem
Abdullah Ejaz
Zulfiqar Ali Imran
Cristi Spulbar
Ramona Birau
Tiberiu Horațiu Gorun
Sažetak
COVID-19 pandemic has disrupted the economies around the world
and the economic fallout from preventive measures such as lockdown is enormous. It has massive repercussions for the sharing economy as well. This research paper empirically analyses the impact of
lockdown restrictions on five major sectors of the sharing economy
such as ride-hailing, accommodation, freelance work, entertainment
and delivery services. To evaluate this impact, we employed the difference-in-difference estimation technique using the Google trends
data for selected countries. Daily search data of 2019 and 2020 is
reindexed to examine the change in search patterns that occurred
after lockdown. The empirical results show that transportation and
accommodation sectors are negatively impacted by COVID-19
related lockdown while the other sectors of the sharing economy
such as freelance work, streaming services and online deliveries are
seeing a surge in searches. The findings of this study provide vital
insights into the economic disruptions caused by COVID-19 related
lockdown. We have highlighted the sectors that are booming during
pandemic thus the sharing economy platforms and government
have opportunities to invest in these sectors to jump-start the economy. The recently unemployed gig workers can also be employed in
these sectors to address the problem of unemployment.
Ključne riječi
Covid-19; global economy; pandemic; Google searches; sharing economy; trends data
Hrčak ID:
301362
URI
Datum izdavanja:
31.12.2021.
Posjeta: 672 *