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RBA Glossary definition for ICT

ICT – Information and Communications Technology

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Technology and Labour's Declining Share

1 Sep 2018 RDP 2018-10
Geoff Weir
The OECD (2012) provides a useful summary of some of the main factors that have been driving this trend, including the increasing use of ICT and associated ‘casualisation’ of the labour ... The ongoing take-up of ICT may have resulted in technical
https://www.rba.gov.au/publications/rdp/2018/2018-10/technology-and-labours-declining-share.html

Wage Growth Puzzles and Technology

1 Sep 2018 RDP 2018-10
Geoff Weir
Techno-pessimists’ such as Gordon (2016) argue that the effect of the ICT revolution is overstated (see also Cowen (2011) and Fernald (2015)). ... Many consequences of the ICT revolution discussed above could in principle help explain why nominal wages
https://www.rba.gov.au/publications/rdp/2018/2018-10/full.html

Appendix A: RBA Research on Structural Factors That May Be Holding Down Nominal Wages Growth

1 Sep 2018 RDP 2018-10
Geoff Weir
This is, of course, not to imply that the various effects of ICT take-up are the only factors affecting job security. ... However, to the extent that ICT is having a significant and separate impact, it is likely to both predate the Great Recession and
https://www.rba.gov.au/publications/rdp/2018/2018-10/appendix-a.html

Concluding Comments

1 Sep 2018 RDP 2018-10
Geoff Weir
Given the growing application of ICT-related investment across different industries and activities and the rapid pace of innovation, the effects of its uneven take-up – including on wages growth – seem
https://www.rba.gov.au/publications/rdp/2018/2018-10/concluding-comments.html

Technology, Bargaining Power and Nominal Wages Growth

1 Sep 2018 RDP 2018-10
Geoff Weir
Techno-pessimists’ such as Gordon (2016) argue that the effect of the ICT revolution is overstated (see also Cowen (2011) and Fernald (2015)). ... with the ICT revolution and the dramatic fall in the cost of transferring information across countries.
https://www.rba.gov.au/publications/rdp/2018/2018-10/technology-bargaining-power-and-nominal-wages-growth.html

Introduction: Short-run and Long-run Wage Puzzles

1 Sep 2018 RDP 2018-10
Geoff Weir
A fair amount of work has been done on how the growing take-up of information and communications technology (ICT) and its embodiment in new areas of investment may be affecting ... Section 2 looks briefly at the nature of the ICT revolution and
https://www.rba.gov.au/publications/rdp/2018/2018-10/introduction-short-run-and-long-run-wage-puzzles.html

Technology Diffusion and Low Nominal Wages Growth: Some Research Proposals

1 Sep 2018 RDP 2018-10
Geoff Weir
They attribute growing productivity dispersion primarily to the uneven take-up of new technology: after controlling for a range of other factors, they find a strong positive correlation between ICT capital ... the period of rising ICT investment, the
https://www.rba.gov.au/publications/rdp/2018/2018-10/technology-diffusion-and-low-nominal-wages-growth-some-research-proposals.html