The importance of companies adopting new technologies

We use two measurements of the adoption of new technologies by companies in OECD countries: The weight of investment in new technologies (excluding software) in GDP; The degree of industrial automation. By comparing OECD countries, we look at the link between the degree of adoption of new technologies and: Growth; Productivity gains; The employment rate; The size of industry; Export market shares. We see that companies' adoption of new technologies is associated with a competitive and large-scale industry, but not with growth, productivity gains or a high employment rate for the economy as a whole. So it seems that it is more of an industrial issue .