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A Role of Automation in the Triggering of Employment, Productivity, and Profitability among Korean Companies from 2005 to 2015

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초록

This study examined the dynamic role that automation has had upon employment, productivity, and profitability. For the analysis, 342 companies of the Workplace Panel Survey of the Korea Labor Institute conducted from 2005 to 2015 was used. For analytical models, the fixed effect model, which is capable of controlling the endogeneity problems of variables, was used. According to the analysis results, the increased ratio of automation in Korean companies (1) resulted in the increase of turnover in the short and long terms, a temporary decrease in employment, and (2) a decrease of productivity in the short and medium terms, and thereby (3) failing to change profitability in a positive manner.

Abstract

This study examined the dynamic role that automation has had upon employment, productivity, and profitability. For the analysis, 342 companies of the Workplace Panel Survey of the Korea Labor Institute conducted from 2005 to 2015 was used. For analytical models, the fixed effect model, which is capable of controlling the endogeneity problems of variables, was used. According to the analysis results, the increased ratio of automation in Korean companies (1) resulted in the increase of turnover in the short and long terms, a temporary decrease in employment, and (2) a decrease of productivity in the short and medium terms, and thereby (3) failing to change profitability in a positive manner.

참고문헌 (35)

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