A dynamic panel study on digitalization and firm's agility: What drives agility in advanced economies 2009–2018

Škare, Marinko; Soriano, Domingo Ribeiro

doi:10.1016/j.techfore.2020.120418

Cited by 92 publications

(57 citation statements)

References 23 publications

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“…It improves capital and labor productivity, reduces transaction costs, and promotes the integration of countries into the global market system [ 30 , 31 ]. For the developed countries, the impact of the digital economy on the quality of economic development is mainly reflected in promoting sustainable development [ 32 ] and improving enterprise agility [ 8 ]. The digital economy was the main driving force of economic growth in the United States from 2004 to 2012 [ 33 ].…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

“…Informatization plays a significant role in promoting TFP growth in 12 major countries of the OECD [ 35 ]. The data from 2009 to 2018 in the 15 advanced economies of the European Union show that national and industry digital policies can significantly promote economic growth [ 8 ]. In addition, the increase in the productivity of digital assets has brought about a sharp drop in the employment rate in the large-scale production system [ 36 ], which also has created a long-term and stabilizing effect on the development of technological innovation [ 37 ].…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

“…At present, the research on the domestic digital economy focuses on the discussion of the development strategy of China’s digital economy and its comparison with other countries (regions). Based on the basic connotation of the digital economy, with the deepening of digitalization, scholars believe that the combination of digital technology and traditional industries can achieve the following: realize the green and rapid development of the GDP [ 5 , 6 ]; realize the transformation of the consumption structure [ 7 ]; improve the quality of human capital [ 8 , 9 ]; drive the industrial economy from being labor-intensive to becoming technology-intensive; consolidate infrastructure construction [ 10 – 12 ]; make full and effective use of data resources [ 13 , 14 ]; strengthen technological innovation; deepen integrated applications; and create a relaxed environment to better develop the digital economy. China should strengthen its advantages in areas such as 5G, in global digital competition, further strengthen the research and development of key core technologies and develop the whole industry chain.…”

Section: Introductionmentioning

confidence: 99%

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Study on the effect of digital economy on high-quality economic development in China

et al. 2021

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At present, the digital economy, which takes information technology and data as the key elements, is booming and has become an important force in promoting the economic growth of various countries. In order to explore the current dynamic trend of China’s digital economy development and the impact of the digital economy on the high-quality economic development, this paper measures the digital economic development index of 30 cities in China from the three dimensions of digital infrastructure, digital industry, and digital integration, uses panel data of 30 cities in China from 2015 to 2019 to construct an econometric model for empirical analysis, and verifies the mediating effect of technological progress between the digital economy and high-quality economic development. The results show that (1) The development level of China’s digital economy is increasing year by year, that the growth of digital infrastructure is obvious, and that the development of the digital industry is relatively slow. (2) Digital infrastructure, digital industry and digital integration all have significant positive effects on regional total factor productivity, and the influence coefficients are 0.2452, 0.0773 and 0.3458 respectively. (3) Regarding the transmission mechanism from the digital economy to the high-quality economic development, the study finds that the mediating effect of technological progress is 0.1527, of which the mediating effect of technological progress in the eastern, northeast, central and western regions is 1.70%, 9.25%, 28.89% and 21.22% respectively. (4) From the perspective of spatial distribution, the development level of the digital economy in the eastern region is much higher than that in other non-eastern regions, and the development of digital economy in the eastern region has a higher marginal contribution rate to the improvement of the total factor productivity. This study can provide a theoretical basis and practical support for the government to formulate policies for the development of the digital economy.

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Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Study on the effect of digital economy on high-quality economic development in China

et al. 2021

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“…ANOVA analysis revealed the strength of the interdependence between them, especially among the least developed nations [49]. A dynamic panel study on digitalization and a firm's agility allowed to better understand factors driving agility in advanced economies, including at national/industry digitalization level [50]. The effects of digital transformation on value creation were studied based on indicators: technology readiness (e.g., ICT investments), digital technology exploration (e.g., research and development), and digital technology exploitation (e.g., patents and trademarks).…”

Section: Indicatorsmentioning

confidence: 99%

How to Make Digitalization Better Serve an Increasing Quality of Life?

2021

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Modern people live in the era of knowledge and digitalization supposed to increase their quality of life. Nevertheless, digital technologies are only the instruments in the development and transformation of social-economic processes and their usage per se does not ensure only positive effects, which much depends on goals, conditions, institutes, etc. Thus, digitalization has an unambiguous influence on many social-economic processes and needs a wise policy to provide smooth progress and well-being for everybody. This study aims to design and test appropriate tools for managing digitalization to direct this process on increasing the quality of life. For this purpose we analyzed: (1) correlation to identify interrelations between digitalization and quality of life; (2) the potential of using the visualization matrix method to identify and monitor national trends of digitalization in the context of quality of life. We found: (1) close correlation between subjective and objective indicators of quality of life and between the quality of life and digitalization; (2) the two-dimensional matrix turned out to be a relevant visual tool that embraces specific two-way relationships between human development and digitalization. In combination with statistical and qualitative methods, this tool has wide prospects for managing digitalization in the context of social progress and increasing quality of life.

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“…As the largest manufacturing country in the world, China is also the second largest country in terms of digital economy, with rich practices in the integration of digital technologies and manufacturing. Industrial digitalization-the increasing permeation of ICT or digital technologies throughout industrial economic activities-has significantly influenced the value chain of products and the role of energy factors in production (Škare & Soriano, 2021). In the process of digital transformation, lean production and agile manufacturing consume more energy.…”

Section: Introductionmentioning

confidence: 99%

Industrial Digitalization and Energy Intensity: Evidence From China’s Manufacturing Sector

Lan

Wen

2021

Energy RESEARCH LETTERS

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The Chinese manufacturing sector has undergone an accelerated digital transformation. This study examines the impact of industrial digitalization on energy intensity in China. Energy intensity is negatively correlated with digitalization in terms of time trends, cross-sectional differences, and correlation coefficients. Our empirical analysis shows that industrial digitalization significantly increases the energy intensity of the manufacturing sector. With digital transformation, energy intensity first increases and then decreases, yielding an inverted-U-shaped relation. In 2019, more than 80% of the industries had a degree of digitalization below the inflection point.

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A dynamic panel study on digitalization and firm's agility: What drives agility in advanced economies 2009–2018

Cited by 92 publications

References 23 publications

Study on the effect of digital economy on high-quality economic development in China

Study on the effect of digital economy on high-quality economic development in China

How to Make Digitalization Better Serve an Increasing Quality of Life?

Industrial Digitalization and Energy Intensity: Evidence From China’s Manufacturing Sector

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