New digital technologies and firm performance in the Italian economy

Lucrezia Fanti, Valeria Cirillo, Andrea Mina, Andrea Ricci

Risultato della ricerca: Contributo in rivistaArticolo in rivista

Abstract

New digital technologies can generate substantial gains for adopt- ing businesses. In this paper we analyse the impact of new tech- nologies associated with the Industry 4.0 paradigm on labour productivity, average wages and sales growth. The analysis is based on microdata produced by the Italian National Institute for the Analysis of Public Policies (INAPP) on a large representative sample of Italian firms. We merge INAPP data with Orbis data covering the period 2010–2014-2018. By applying a Diff-in-Diff methodology, we show that the economic size of the effect of new technologies on productivity and sales is approximately twice as large as the effect on average wages. The positive impact is stronger for small and medium-size firms, even though the effects appear to be concentrated among more mature rather than younger firms and are heterogeneaous along the distributions. Results are robust to unobserved heterogeneity and endogeneity issues.
Lingua originaleEnglish
pagine (da-a)N/A-N/A
RivistaIndustry and Innovation
DOI
Stato di pubblicazionePubblicato - 2022

Keywords

  • digital technologies
  • industry 4.0
  • firm performance
  • labour productivity
  • wages
  • Diff-in-Diff and quantile estimations

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