Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/264500 
Year of Publication: 
2022
Series/Report no.: 
ECB Working Paper No. 2675
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
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.
Subjects: 
technology
adoption
economy
estimates
panel
JEL: 
E02
O11
O31
O33
O57
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-5124-1
Document Type: 
Working Paper

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