The Relationship Between Employment and Technological Development: A Study of G-20 Countries

Abstract

The effects of technological change on economic growth, employment, and inequality have become even more controversial today, given the rapid pace of change. While it is generally accepted that innovation supports productivity gains and creates opportunities for economic expansion, its impact on the labor market is less clear. New technologies can have negative consequences in the labor market by reducing demand for certain jobs. This can lead to unemployment for some workers. On the other hand, they can increase labor demand by creating entirely new industries, occupations, and work forms. Understanding the dynamic relationship between technological change and the labor market is even more important today, especially as economies are transformed by automation and digitalization. In this context, the aim of this study is to investigate the effects of technological development on employment in G-20 countries between 1994 and 2019. First, the cointegration relationship between variables was examined using the Pedroni method, and then long-run coefficient estimates were made using the FMOLS and DOLS methods. According to the FMOLS and DOLS estimator results, technological development positively affected employment. According to the FMOLS estimator, it was concluded that a one-unit increase in technological development increased employment by 8.13 units, and according to the DOLS estimator, a one-unit increase in technological development increased employment by 6.53 units.

Keywords

• Employment
• Total Factor Productivity
• Renewable Energy
• Panel Data Analysis

İstihdam-Teknolojik Gelişme İlişkisi: G-20 Ülkeleri Üzerine Bir İnceleme

Abstract

Teknolojik değişimin ekonomik büyüme, istihdam ve eşitsizlik üzerindeki etkileri, değişim hızının yüksek olduğu günümüzde daha da tartışmalı hale gelmiştir. Yeniliğin verimlilik artışlarını desteklediği ve ekonomik genişleme için fırsatlar yarattığı genel olarak kabul görse de, emek piyasası üzerindeki etkisi daha belirsizdir. Yeni teknolojiler, belirli işlere olan talebi azaltarak iş gücü piyasasında olumsuz sonuçlara yol açabilmektedir. Öte yandan, tamamen yeni endüstriler, meslekler ve iş biçimleri yaratarak iş gücüne olan talebi artırabilmektedir. Teknolojik değişim ile iş gücü piyasası arasındaki dinamik ilişkiyi anlamak, özellikle ekonomilerin otomasyon ve dijitalleşme ile dönüşüm geçirdiği günümüzde daha da önemlidir. Bu anlamda çalışmanın amacı 1994-2019 yılları arasında G-20 ülkelerinde teknolojik gelişmenin istihdam üzerindeki etkilerini araştırmaktır. İlk olarak değişkenler arasındaki eşbütünleşme ilişkisi Pedroni yöntemiyle incelenmiş, devamında ise uzun dönem katsayı tahmini ise FMOLS ve DOLS yöntemiyle tahmin edilmiştir. FMOLS ve DOLS tahmincisi sonuçlarına göre teknolojik gelişme istihdamı pozitif etkilemiştir. FMOLS tahmincisine göre teknolojik gelişmedeki bir birimlik artış istihdamı 8.13 birim artırdığı, DOLS tahmincisine göre teknolojik gelişmedeki bir birimlik artış istihdamı 6.53 birim artırdığı sonucuna ulaşılmıştır.

Keywords

• İstihdam
• Toplam Faktör Verimliliği
• Yenilenebilir Enerji
• Panel Veri Analizi

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