Data and Code for: "Financial technologies and economic resilience from COVID-19"

These files replicate the results from "Financial technologies and economic resilience from COVID-19." We examine the relation between financial technologies (fintech) and countries’ economic resilience from COVID-19 worldwide. Measuring the demand for fintech services using Google search volumes of fintech-related phrases, we document that developing countries and those with underdeveloped fintech industries exhibit more significant fintech demand surges during the pandemic. Moreover, fintech development before COVID is positively associated with GDP growth and negatively related to unemployment rates during the pandemic. We develop a comprehensive economic resilience measure to capture both the speed and strength of economic resistance and recovery in response to the pandemic shock. Our analysis reveals that fintech can be an essential enabler and accelerator of economic growth, contributing to economic stability and resilience from the global health crisis.