Digitalisation, Institutions and Governance, and Diffusion: Mechanisms and Evidence

Claudio Baccianti, Vincent Labhard and Jonne Lehtimäki

No 2675, Working Paper Series from European Central Bank

Abstract: Digitalisation can be described as a sequence of technology and supply shocks which affect the economy through employment and labour markets, productivity and output, and competition and market structure. This paper focuses on how digitalisation - the process of diffusion of digital technologies - is affected by institutions and governance. It discusses a number of theoretical mechanisms and empirical evidence for different sets of European and other countries. The results indicate that a higher quality of institutions is usually associated with both a greater speed of diffusion and a greater spread of digital technologies. The results also suggest that there are large, policy-relevant differences in the diffusion process depending on the level of development as well as the state of technological change of a country. JEL Classification: E02, O11, O31, O33, O57

Keywords: adoption; economy; estimates; panel; technology (search for similar items in EconPapers)
Date: 2022-07
New Economics Papers: this item is included in nep-ino, nep-pay, nep-reg and nep-tid
Note: 360650
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20222675

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