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Displaying results 1 to 5 of 5.

  1. Do capital incentives distort technology diffusion?
    evidence on cloud, big data and AI
    Author: DeStefano, Timothy; Johnstone, Nick; Kneller, Richard; Timmis, Jonathan
    Published: September 2024
    Publisher:  CESifo, Munich, Germany

    The arrival of cloud computing provides firms a new way to access digital technologies as digital services. Yet, capital incentive policies present in every OECD country are still targeted towards investments in informational technology (IT) capital.... more

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    The arrival of cloud computing provides firms a new way to access digital technologies as digital services. Yet, capital incentive policies present in every OECD country are still targeted towards investments in informational technology (IT) capital. If cloud services are partial substitutes for IT investments, the presence of capital incentive policies may unintentionally discourage the adoption of cloud and technologies that rely on the cloud, such as artificial intelligence (AI) and big data analytics. This paper exploits a tax incentive in the UK for capital investment as a quasi-natural experiment to examine the impact on firm adoption of cloud computing, big data analytics and AI. The empirical results find that the policy increased investment in IT capital as would be expected; but it slowed firm adoption of cloud, big data and AI. Matched employer-employee data shows that the policy also led firms to reduce their demand for workers that perform data analytics, but not other types of workers.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/305611
    Series: CESifo working papers ; 11369 (2024)
    Subjects: capital incentives; firms; cloud computing; artificial intelligence
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  2. Digital innovation and banking regulation
    Author: Papathanassiou, Chryssafoula
    Published: [2024]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    The European Union is aiming to foster digital transformation in all sectors by 2030. It has pioneered cross-sectoral legislation on artificial intelligence, cloud computing services and crypto-assets for this purpose. Yet compared with the work done... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 535
    Inter-library loan:
    No inter-library loan

     

    The European Union is aiming to foster digital transformation in all sectors by 2030. It has pioneered cross-sectoral legislation on artificial intelligence, cloud computing services and crypto-assets for this purpose. Yet compared with the work done on ESG, the prospective banking regulation regime has still to articulate more purposefully how the industry should manage the risks from digital trends and how supervisors should assess them. This paper discusses digital innovation in the banking sector in the context of the academic literature on financial innovation and non-banks. It also considers how to foster a risk-based Pillar 2 prudential framework, as well as market discipline through harmonised Pillar 3 disclosures. The paper concludes that these latter two propositions can help reconcile the challenges stemming from the short-term horizon applied in prudential assessment and the longer-term horizon over which digital innovation will take place in the banking sector.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289964197
    Other identifier:
    hdl: 10419/299581
    Series: Occasional paper series / European Central Bank ; no 351
    Subjects: digitalisation; artificial intelligence; crypto-assets; cloud computing; supervision
    Scope: 1 Online-Ressource (circa 24 Seiten)
  3. Data, privacy laws and firm production
    evidence from the GDPR
    Author: Demirer, Mert; Jiménez Hernández, Diego; Li, Dean; Peng, Sida
    Published: [2024]
    Publisher:  Federal Reserve Bank of Chicago, [Chicago, Illinois]

    By regulating how firms collect, store, and use data, privacy laws may change the role of data in production and alter firm demand for information technology inputs. We study how firms respond to privacy laws in the context of the EU's General Data... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 244
    Inter-library loan:
    No inter-library loan

     

    By regulating how firms collect, store, and use data, privacy laws may change the role of data in production and alter firm demand for information technology inputs. We study how firms respond to privacy laws in the context of the EU's General Data Protection Regulation (GDPR) by using seven years of data from a large global cloudcomputing provider. Our difference-in-difference estimates indicate that, in response to the GDPR, EU firms decreased data storage by 26% and data processing by 15% relative to comparable US firms, becoming less "data-intensive." To estimate the costs of the GDPR for firms, we propose and estimate a production function where data and computation serve as inputs to the production of "information." We find that data and computation are strong complements in production and that firm responses are consistent with the GDPR representing a 20% increase in the cost of data on average. Variation in the firm-level effects of the GDPR and industry-level exposure to data, however, drives significant heterogeneity in our estimates of the impact of the GDPR on production costs.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/284087
    Series: [Working paper] / Federal Reserve Bank of Chicago ; WP 2024, 02 (January 26, 2024)
    Subjects: privacy laws; production function; GDPR; data; cloud computing
    Scope: 1 Online-Ressource (circa 99 Seiten), Illustrationen
  4. Der Gigant
    Wie Amazon die Wirtschaft im 21. Jahrhundert verändert und wovor wir uns fürchten müssen
    Author: Mattioli, Dana
    Published: 2024
    Publisher:  Deutsche Verlags-Anstalt, München ; Penguin Random House Verlagsgruppe GmbH

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  5. Digital innovation and banking regulation
    Author: Papathanassiou, Chryssafoula
    Published: [2024]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    The European Union is aiming to foster digital transformation in all sectors by 2030. It has pioneered cross-sectoral legislation on artificial intelligence, cloud computing services and crypto-assets for this purpose. Yet compared with the work done... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

     

    The European Union is aiming to foster digital transformation in all sectors by 2030. It has pioneered cross-sectoral legislation on artificial intelligence, cloud computing services and crypto-assets for this purpose. Yet compared with the work done on ESG, the prospective banking regulation regime has still to articulate more purposefully how the industry should manage the risks from digital trends and how supervisors should assess them. This paper discusses digital innovation in the banking sector in the context of the academic literature on financial innovation and non-banks. It also considers how to foster a risk-based Pillar 2 prudential framework, as well as market discipline through harmonised Pillar 3 disclosures. The paper concludes that these latter two propositions can help reconcile the challenges stemming from the short-term horizon applied in prudential assessment and the longer-term horizon over which digital innovation will take place in the banking sector.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289964197
    Other identifier:
    hdl: 10419/299581
    Series: Occasional paper series / European Central Bank ; no 351
    Subjects: digitalisation; artificial intelligence; crypto-assets; cloud computing; supervision
    Scope: 1 Online-Ressource (circa 24 Seiten)