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Does COVID-19 Affect the Growth of the Fourth Industrial Revolution?

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  • Eunju Hwang

Abstract

The COVID-19 pandemic might accelerate Fourth Industrial Revolution such as FinTech, AI and Robotics. This study explores impact of the COVID-19 on Fourth Industrial Revolution by quantifying such an impact on stock market. Stock indices and ETFs are handled to find log-return distributions via kernel estimation. Before, during and after outbreak of the COVID-19, distributions and related measures are investigated. Results reveal that E-commerce and Fourth Industrial Revolution have grown 1.5-1.7 times in increase rates of daily net returns, compared to main stock indices. A statistical test supports that AI & Robotics sector has grown under influence of the COVID-19.

Suggested Citation

  • Eunju Hwang, 2023. "Does COVID-19 Affect the Growth of the Fourth Industrial Revolution?," Global Economic Review, Taylor & Francis Journals, vol. 52(3), pages 220-235, July.
    • Handle: RePEc:taf:glecrv:v:52:y:2023:i:3:p:220-235
    DOI: 10.1080/1226508X.2023.2217551
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