Research Discussion Paper – RDP 2023-10 Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects

Contents

• Introduction
• Data
• Trends in Adoption
• Determinants of Adoption
• Adoption and Firm Profitability
• Adoption and Hiring
• Conclusion
• Appendix A: Technological Keywords
• Appendix B: Trends and Descriptive Statistics
• Appendix C: Robustness Checks for Adoption Determinants
• Appendix D: Operating Expenses and Revenue
• Appendix E: Robustness Checks Using Accumulated Lags and Leads
• Appendix F: Robustness Checks Using Staggered Difference-in-difference-in-difference
• Appendix G: Robustness Checks Using Firm Size
• Appendix H: Robustness to Other Profitability Measures
• Appendix I: Other Robustness Checks
• References

Thanks to John Simon, Callan Windsor, Flavio Calvino, Min Zhu and seminar participants at the RBA, Australian Conference of Economists, Curtin University, Swinburne University, University of Queensland and the OECD. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia. The authors are responsible for any errors.