Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Predicted Electronic Commerce Helps China's Economic Resilient --A Simulation-Based Analysis on COVID-19 Pandemic Outbreak

Version 1 : Received: 17 November 2020 / Approved: 18 November 2020 / Online: 18 November 2020 (14:10:11 CET)

How to cite: Yang, D.; Li, H. Predicted Electronic Commerce Helps China's Economic Resilient --A Simulation-Based Analysis on COVID-19 Pandemic Outbreak. Preprints 2020, 2020110480 (doi: 10.20944/preprints202011.0480.v1). Yang, D.; Li, H. Predicted Electronic Commerce Helps China's Economic Resilient --A Simulation-Based Analysis on COVID-19 Pandemic Outbreak. Preprints 2020, 2020110480 (doi: 10.20944/preprints202011.0480.v1).

Abstract

(1)Background: To perform a simulation-based analysis of 2019 COVID-19 outbreak and how would the electronic commerce indursty help China’s economy resilient. (2)Methods: As the epidemic continues, it is possible to use Computable General Equilibrium model to simulate the economic consequences and analyse the role of electronic commerce industy in COVID-19 outbreak. (3)Results: Estimates and models produced at the time of the outbreak suggested that COVID-19 could have a catastrophic effect on China’s economy. National statistics were examined for anomalies that corresponded to the timing of COVID-19 outbreak and, where possible, the size of any gain or loss found estimated. Our analysis suggests that the electronic commerce industry could help China’s economy to recover by stimulating consumption, improving technological level and expanding investment. (4)Conclusions: This exercise holds important lessons for estimating the electronic commerce’s role of similar events – such as pandemic influenza – and measures to recover the economy. We suggest that electronic commerce industry should be paid more attention in economic development, especially in epidemic time. The implications of our findings are discussed in the light of a prospective epidemic.

Subject Areas

Electronic Commerce Industry; Economic Impact; Computalble General Equilibrium Model; COVID-19

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