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The Digital Economy

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Digital technologies-cloud computing, the Internet of Things, advanced robotics, big data analytics, artificial intelligence and machine learning, social media, 3D printing, augmented reality, virtual reality, e-money and distributed ledgers-are transforming the way busi-nesses operate. How does this transformation compare with past industrial revolutions? How are digital technologies changing production systems across industries? Agile firms that use knowledge intensively and have high levels of both organizational and human capital appear set to realize the greatest benefits from digitalization. Finally, what are the implications for productivity, labour markets, inflation and monetary policy as we transition to the digital economy?

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  • Chris D'Souza & David Williams, 2017. "The Digital Economy," Bank of Canada Review, Bank of Canada, vol. 2017(Spring), pages 5-18.
    • Handle: RePEc:bca:bcarev:v:2017:y:2017:i:spring17:p:5-18
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    File URL: https://www.bankofcanada.ca/wp-content/uploads/2017/05/boc-review-spring17-dsouza.pdf
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    Cited by:

    1. Andrew Agopsowicz & Dany Brouillette & Bassirou Gueye & Julien McDonald-Guimond & Jeffrey Mollins & Youngmin Park, 2018. "Potential Output in Canada: 2018 Reassessment," Staff Analytical Notes 2018-10, Bank of Canada.
    2. Wei Dong & James Fudurich & Lena Suchanek, 2017. "Digital Transformation in the Service Sector: Insights from Consultations with Firms in Wholesale, Retail and Logistics," Staff Analytical Notes 17-19, Bank of Canada.
    3. Robert Fay & Justin-Damien Guénette & Martin Leduc & Louis Morel, 2017. "Why Is Global Business Investment So Weak? Some Insights from Advanced Economies," Bank of Canada Review, Bank of Canada, vol. 2017(Spring), pages 56-67.

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