publication . Article . 2020

Digitalisation of industries: a comparative analysis from Australia and Finland

A comparative analysis from Australia and Finland
Pekka Leviäkangas; Osmo Kauppila;
Open Access
  • Published: 01 Jan 2020 Journal: International Journal of Technology, Policy and Management, volume 20, page 70 (issn: 1468-4322, eissn: 1741-5292, Copyright policy)
  • Publisher: Inderscience Publishers
  • Country: Finland
Abstract
Abstract This paper features a two-country study on digitalisation: Australia and Finland. The empirical data was acquired from the national accounts for 1995–2015 in Australia and for 1998–2012 in Finland. This data was averaged for a cross-sectional comparison of industries and then for the two countries. Different industries’ advancement in digitalisation seems to follow approximately the same pacing in both countries. Financial and insurance services, telecommunications and media, and professional, technical and scientific services are the most active digitalisers. The empirical testing of the a priori assumption that digitalisation over a long period of time leads to greater productivity shows that the observed correlation between information and communication technology (ICT) investment and productivity is weak. The results partly confirm Solow’s productivity paradox.
Fields of Science and Technology classification (FOS)
05 social sciences, 0502 economics and business, 050203 business & management
Subjects
free text keywords: General Engineering, General Business, Management and Accounting, Australia, Finland, ICT, digitalisation, industry, information and communication technology, investment, labour productivity, national accounts, rank correlation, total productivity, Australia, Digitalisation, Finland, ICT, Industry, Information and communication technology, Investment, Labour productivity, National accounts, Rank correlation, Total productivity, Productivity, National accounts, Economic geography, Productivity paradox, Investment (macroeconomics), Business, Empirical research, Information and Communications Technology, Long period, Empirical data
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