The Impact of Automation on Employment in a Small Open Economy - A Panel Study of Manufacturing Industries -
1
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
Many concerns that new technology and computerization would destroy a significant proportion of middle class jobs. This study examines the impact of automation on manufacturing jobs in a small open economy. Using a firm level panel data from South Korean manufacturing industry, this study investigates how computerization changes labor demand in a small open economy. The empirical analysis reveals that there is a negative relationship between automation and employment. In other words, the demand for routine jobs which are easily replaceable by computer capital tends to decrease due to technological development. However, the negative relationship is smaller in major export industries even with an increasing trend of automation. As such, this study suggests that the negative effect of automation on employment could be offset by the level of trade concentration of each industry in a small open economy.
Abstract
Many concerns that new technology and computerization would destroy a significant proportion of middle class jobs. This study examines the impact of automation on manufacturing jobs in a small open economy. Using a firm level panel data from South Korean manufacturing industry, this study investigates how computerization changes labor demand in a small open economy. The empirical analysis reveals that there is a negative relationship between automation and employment. In other words, the demand for routine jobs which are easily replaceable by computer capital tends to decrease due to technological development. However, the negative relationship is smaller in major export industries even with an increasing trend of automation. As such, this study suggests that the negative effect of automation on employment could be offset by the level of trade concentration of each industry in a small open economy.
참고문헌 (26)
- Abbott, R. B., "Should robots pay taxes? Tax policy in the age of automation", Harvard Law & Policy Review, 12, pp.145~175 (2018)
- Acemoglu, D., "Robots and jobs : Evidence from US labor markets", Journal of Political Economy, 128(6), pp.2188~2244 (2020)
- What explains the decline of the US labor share of income? An analysis of state and industry level data, "Abdih, Y.", IMF, ~, pp.Working Paper, WP (2017), 17[DOI]
- The risk of automation for jobs in OECD countries:A comparative analysis, "Arntz, M.", OECD Publishing, ~, pp.OECD Social, Employment, and Migration Working Papers, 189 (2016)
- Autor, D. A., "Why are there still so many jobs? The history and future of workplace automation", Journal of Economic Perspectives, 29(3), pp.3~30 (2015)
- Autor, D. A., "The growth of low-skill service jobs and the polarization of the US labor market", American Economic Review, 103(5), pp.1553~1597 (2013)
- Autor, D., "The skill content of recent technological change : An empirical exploration", The Quarterly Journal of Economics, 118(4), pp.1279~1333 (2003)
- Autor, D., "Is automation labor-displacing? Productivity growth, employment, and the labor share", Brookings Papers on Economic Activity, 1, pp.1~87 (2018)
- Berg, A., "Should we fear the robot revolution?", Journal of Monetary Economics, 97, pp.117~148 (2018)
- Does automation drive the labor market?, "Caines, C.", Board of Governors of the Federal Reserve System, ~, pp.IFDP Notes 2017-07-28 (2017)
- ASEAN in transformation the future of jobs at risk of automation, Bureau for Employers’ Activities, "Chang, J.H.", International Labour Organization, ~, pp.Working Paper No 9 (2016)
- DeCanio, S. J., "Robots and humans–complements or substitutes?", Journal of Macroeconomics, 49, pp.280~291 (2016)
- Frey, C. B., "The future of employment : How susceptible are jobs to computerization?", Technological Forecasting and Social Change, 114, pp.254~280 (2017)
- Graetz, G., "Robots at work", The Review of Economics and Statistics, 100(5), pp.753~768 (2018)
- Racing with or against the machine? Evidence from Europe, "Gregory, T.", CESifo, ~, pp.CESifo Working Paper Series 7247 (2018)
- Employment growth and international trade: a small open economy perspective, "Ibsen, R.", University of Aarhus, Aarhus School of Business, Department of Economics, ~, pp.Working Papers 09-9 (2009)
- 지만수, "중국의 수입대체와 생산기지 이전이 한국의 중간재 대중수출에 미치는 효과의 측정", 국제금융연구, 7(2), pp.33~62 (2017), 한국국제금융학회[DOI]
- Kim, S., "Technological progress and the proportion of employment in the high-risk jobs", Labor Review, 136, pp.49~58 (2016)
- 김민영, "자동화 기술의 발전이 지역노동시장 중간일자리 감소에 미치는 영향 : 잠재성장모형의 적용", 국토연구, 93, pp.25~41 (2017), 국토연구원[DOI]
- 김광환, "불완전정보하의 소규모 개방경제 경기변동 요인 분석", 국제금융연구, 8(2), pp.33~67 (2018), 한국국제금융학회[DOI]
- Managing automation: Employment, inequality and ethics in the digital age, "Lawrence, M.", IPPR Commission on Economic Justice, ~ (2017)
- A Future that Works: Automation, Employment, and Productivity, "McKinsey Global Institute", McKinsey Global Institute, ~ (2017)
- Job Creation and Local Economic Development 2018: Preparing for the Future of Work, "OECD", OECD Publishing, ~ (2018)
- 박단비, "Foreign Exchange Risk, Foreign Stock Trading and Performance Frequency", 국제금융연구, 7(2), pp.83~101 (2017), 한국국제금융학회[DOI]
- Research on Job Impact due to Technological Change, "Park, G.", Korea Employment Information Service, ~ (2016)
- he rise of the robot reserve army: Automation and the future of economic development, work, and wages in developing countries, "Schlogl, L.", Center for Global Development, ~, pp.Working Paper, 487 (2018)