“…As the Digital Revolution progresses, there is an increasing demand for measuring the economic effects of digitalization. However, the measurement of digitalization in economic statistics requires an update in the International Statistical Standards, which is yet to be established (Moulton et al, 2022). To measure digitalization across firms, literature typically conducts special surveys to directly measure individual firm's status of digital adoption (e.g., e-commerce, work-from-home, use of ICT) (Barrero et al, 2021;Bloom et al, 2015;Kawaguchi et al, 2022).…”