The Effect of Digitalization on Unemployment Reduction

IF 1.2 4区经济学 Q3 AGRICULTURAL ECONOMICS & POLICY

New Medit Pub Date : 2022-12-19 DOI:10.30682/nm2204c

Serena Sandri, Nooh Alshyab, Mais Sha'ban

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引用次数: 4

Abstract

Digital transformation and the digitalization of economic activity are ongoing trends profoundly shaping the global economy. Digitalization reflects digital inputs in the production process and new household and government consumption modes, investment possibilities, and financial instruments, increasingly envisaged by digital technologies and tools. This is also impacting the labour markets, on the one hand substituting machines to labour for routinized tasks and thus decreasing the demand for soft skills labour, but on the other hand, increasing the need for new professions revolving around new production and consumption modalities and digital skills. Considering these contrasting effects, it is essential to estimate the overall impact of digitalization on employment. Therefore, this study captures the impact of economic growth and digitalization on unemployment change, evaluating a modified version of Okun’s Law on a balanced panel data set for 58 countries between 2013 and 2019. The results from the estimation of a fixed-effect model show the empirical validity of Okun’s law for the sampled countries and a significant contribution of digitalization on unemployment reduction.

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数字化对降低失业率的影响

数字化转型和经济活动数字化是深刻塑造全球经济的持续趋势。数字化反映了生产过程中的数字化投入，以及越来越多地由数字技术和工具设想的新的家庭和政府消费模式、投资可能性和金融工具。这也影响了劳动力市场，一方面用机器代替劳动力完成常规任务，从而减少了对软技能劳动力的需求，但另一方面，围绕新的生产和消费方式以及数字技能，增加了对新职业的需求。考虑到这些不同的影响，有必要估计数字化对就业的总体影响。因此，本研究捕捉了经济增长和数字化对失业变化的影响，在2013年至2019年58个国家的平衡面板数据集上评估了修改后的奥肯定律。固定效应模型的估计结果表明，奥肯定律对样本国家的实证有效性和数字化对减少失业的显著贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

New Medit AGRICULTURE, MULTIDISCIPLINARY-

CiteScore

2.00

自引率

30.00%

发文量

审稿时长

>12 weeks

期刊介绍： New Medit is an applied economics journal, with a multidisciplinary approach, aimed at providing insights into the economic and the social transformations of agro-food sector, rural societies as well as local development and bioeconomy in the Mediterranean Basin. Manuscripts submitted to NEW MEDIT generally should deal with wide-ranging topics that can be extended to other countries where organisational, production and market conditions and the related development policies may emerge at the corporate or regional level.