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The sectoral impact of the digitisation of the economy: Final report

Author

Listed:
  • Saam, Marianne
  • Niebel, Thomas
  • Schulte, Patrick

Abstract

The objective of the study "The sectoral impact of digitisation of the economy" is to assess productivity effects of digitisation at the sectoral level and to deduce employment effects for the EU15, the US, China and Japan for 14 industries for the years 2000 to 2021. Negative substitution effects are moderately larger than positive price and income effects in most sectors. Additionally, productivity increases in ICT production itself contribute positively to employment, such that on average, digitisation has an overall effect close to zero on employment.

Suggested Citation

  • Saam, Marianne & Niebel, Thomas & Schulte, Patrick, 2017. "The sectoral impact of the digitisation of the economy: Final report," ZEW Expertises, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research, number 181911, June.
  • Handle: RePEc:zbw:zewexp:181911
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    File URL: https://www.econstor.eu/bitstream/10419/181911/1/1029653747.pdf
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    References listed on IDEAS

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    1. Nordhaus William D, 2008. "Baumol's Diseases: A Macroeconomic Perspective," The B.E. Journal of Macroeconomics, De Gruyter, vol. 8(1), pages 1-39, February.
    2. Rebekka Christopoulou & Philip Vermeulen, 2012. "Markups in the Euro area and the US over the period 1981–2004: a comparison of 50 sectors," Empirical Economics, Springer, vol. 42(1), pages 53-77, February.
    3. Mary O'Mahony & Michela Vecchi, 2005. "Quantifying the Impact of ICT Capital on Output Growth: A Heterogeneous Dynamic Panel Approach," Economica, London School of Economics and Political Science, vol. 72(288), pages 615-633, November.
    4. Blien, Uwe & Ludewig, Oliver, 2016. "Technological progress and (un)employment development," IAB Discussion Paper 201622, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    5. Saam, Marianne & Niebel, Thomas, 2016. "Vergleich der Ausgaben für Digitalisierungsprojekte im Mittelstand mit den gesamtwirtschaftlichen IKT-Investitionen," ZEW Dokumentationen 16-02, ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim / Leibniz Centre for European Economic Research.
    6. Saam, Marianne, 2014. "The identification of directed technical change revisited," ZEW Discussion Papers 14-127, ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim / Leibniz Centre for European Economic Research.
    7. Ram C. Acharya, 2016. "ICT use and total factor productivity growth: intangible capital or productive externalities?," Oxford Economic Papers, Oxford University Press, vol. 68(1), pages 16-39.
    8. Thomas Niebel & Marianne Saam, 2016. "ICT and Growth: The Role of Rates of Return and Capital Prices," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(2), pages 283-310, June.
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