• Title/Summary/Keyword: Employment impact

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Does FDI Affect Domestic Employment in OECD Countries?

  • WANG, Mengzhen;CHOI, Baekryul
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.283-293
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    • 2021
  • To verify the employment impact of two-directional FDI, the study analyzes panel data composed of 26 OECD countries from 2006 to 2018 by using the system GMM. Furthermore, we decompose domestic employment into types of industries and skill compositions to identify the heterogeneous employment impact. The results show that inward and outward FDI at lag one period promote domestic employment at the overall level. In terms of workers' skill levels, lagged inward FDI significantly persistently promotes high-skilled workers' employment, likewise, the positive employment impact also appears with a time lag in low-skilled labor subgroups. Outward FDI, on the other hand, initially inhibits both high- and low-skilled labor demand, but then changes to a positive effect in the highskilled labor subgroups. Although there is a time difference between inward and outward FDI, it has a significant and positive impact on employment in the manufacturing and service industries. The results indicate that the relationship between manufacturing and service employment is a mutual substitute. To attract international investors, governments should promote a favorable investment climate and maintain stable economic growth. Because low-skilled labor is more susceptible to changes in FDI, policy measures are required to ensure employment stability.

An empirical study on the employment impact of the Fourth Industrial Revolution (제4차 산업혁명의 고용 영향에 대한 실증적 연구)

  • Ahn, Jongchang;Hwang, Jun;Lee, Woongjae
    • Journal of Internet Computing and Services
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    • v.19 no.1
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    • pp.131-140
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    • 2018
  • This study aims to analyze various discussions for influences on employment by the technologies related to the frequently mentioned Fourth Industrial Revolution and to conduct an exploratory research. For this aim, this paper analyzes and extends the survey related to realization possibility for managements and professionals of ICT sector in Global Agenda Council of World Economic Forum (WEF) in September 2015. Based upon these results, this study further conducts an empirical survey not only over realization possibility but also over its employment impact. For each 23 item of realization possibility, all the respondents (n=169) responded positively to each item to be actualized in 2025. In addition, for each 23 item of the strength of employment impact, most items were responded as decrease of employment but a few items were predicted as expansion of employment. This research has a meaning in providing a clue of empirical survey for employment impact by the Fourth Industrial Revolution in the future.

The Duality of Organizational Status and Temporary Employment: The Impact of Evaluated Status and Categorical Status on Temporary Employment in Korean Universities (조직지위의 이원성과 비정규직 고용: 한국대학의 평가형 지위와 범주형 지위가 비정규직 고용에 미치는 영향)

  • Dae-Hun Chunga
    • Asia-Pacific Journal of Business
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    • v.14 no.3
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    • pp.89-101
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    • 2023
  • Purpose - This paper discusses an impact of status on organization's temporary employment. Status not only offers various opportunities for organization but also places constrains on organization. In this perspective, we propose that organization's temporary employment will differ depending on the status. Design/methodology/approach - We predict that organization's evaluated status has a U-shaped relationship with temporary employment because organizational social insecurity varies by the status. Moreover, we predict that organization's categorical status has a positive effect on temporary employment since organizational legitimacy varies with the status and that the effect will be enhanced by an organizational niche. To verify these predictions, we examined a regression analysis using panel data of temporary employment in Korean universities. Findings - The results of regression analysis show that there is a U-shaped relationship between universities' evaluated status and temporary employment. This implies that the middle status university is likely to minimize temporary employment because of conformity pressures. In addition, the results show that university's categorical status has a positive effect on temporary employment and the effect is enhanced by university's market concentration. This suggests that the categorical status has a strong impact on specialist university. Research implications or Originality - This paper contributes the development of temporary employment theory by applying duality of organizational status and identifies the organizational determinants of temporary employment in Korean universities.

The Impact of R&D Investment on the Employment (연구개발투자가 고용에 미치는 영향)

  • 송영조;김종호
    • 산업혁신연구
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    • v.34 no.2
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    • pp.215-242
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    • 2018
  • This research aimed to estimate the elasticity of employment in order to analyze the impact of R&D upon the employment by utilizing a Panel Analysis from the Korean Firm Level Data of Statistics Korea from 2006 to 2015. According to the result, non-linear correlation was observed as the increase of R&D and the impact of R&D upon employment showed significant differences as the sector of industries and the level of technologies. In terms of manufacturing industry, the 'U' correlation was observed between the employment and R&D, especially in the mid-tech industries. This clearly proved the fact that R&D can cause positive effects on the employment in the term in case of reaching a certain level. Whilst, in the high-tech industries, the impact of employment was increased as the rise of the R&D, and this congestion rate was relatively rapid. In the sector of Service Industries, R&D did not show significance in traditional service industries. However, in terms of knowledge service industries, the elasticity in the term showed decrease as the increase of net profit.

The Impact of Digitalization on the Forms Change of Employment and the Labor Market in the Context of the Information Economy Development

  • Popelo, Olha;Kychko, Iryna;Tulchynska, Svitlana;Zhygalkevych, Zhanna;Treitiak, Olha
    • International Journal of Computer Science & Network Security
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    • v.21 no.5
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    • pp.160-167
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    • 2021
  • The authors of the article investigate the impact of digitalization on the forms change of employment and the labor market in the modern conditions. It is substantiated that digitalization processes directly affect the change of forms of employment and the range of occupations in the labor market, as well as the change of jobs. The positive and negative consequences of changing forms of employment for the economy in the process of digital transformation are analyzed, which include: reduction of personnel costs by employers; dissemination of non-standard, informal employment (electronic freelance, electronic outsourcing, start-employment); enabling employees to manage their working hours; increasing unemployment and imbalance of supply and demand in the labor market; reduction of productivity of enterprises, as a result of reduced productivity of workers with non-standard forms of employment, or with a negative indirect impact on productivity. A model for managing the process of digitalization in the labor market of Ukraine under different scenarios of their implementation, namely evolutionary and forced is devoted. To recognize the possible change in the level of employment in connection with the implementation of the forced scenario of digitalization in Ukraine, a model for estimating probable changes in the labor market is proposed. The directions of development of the state strategy of prevention of risks of reduction of number of workplaces in the course of digitalization are outlined.

The Economic Impact Analysis of Rural Tourism Development Projects (농촌관광마을 육성사업의 경제적 파급효과 분석)

  • Son, Eun-Ho;Park, Duk-Byeong;Yoon, Jun-Sang
    • Journal of Agricultural Extension & Community Development
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    • v.21 no.3
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    • pp.155-179
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    • 2014
  • Input-output(I-O) analysis is now widely used to examine the economic impact of tourism. The study aims to demonstrate the impact of agri-tourism development project on local development in terms of income and employment. Based on the I-O transactions tables developed by Bank of Korea (2011), rural tourism related sectoral multipliers were derived with respect to output, income, employment, and value-added tax. The results of the I-O model indicate that in 2011, rural tourism development generated 1,387 billion Won of output impact, 287 billion Won of income impact, 275 billion Won of value-added impact, and 41,127 full-time jobs, respectively throughout direct, indirect, and induced effects. In particular, the restaurant sector had relative higher output and employment multipliers as compared to other industries, whereas they had lower multipliers of income and value-added than any other industries. The findings imply that the restaurant sector was relatively labor-intensive industry, generating high impact of employment effects.

A Study on the Impact of IT Investment on Demand for Labor (IT투자가 노동수요에 미치는 영향에 관한 연구)

  • Hong, Hyo Jin;Hong, Pilky;Lee, Young Soo
    • Informatization Policy
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    • v.17 no.4
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    • pp.44-60
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    • 2010
  • Under the continuing economic growth without increase in employment, issues regarding the impact of IT investment on demand for labor have been continuously raised. Under the circumstance, this study carried out an empirical analysis on the impact of IT investment on employment with a sample of 498 businesses whose domestic sales for the period of six years from 2003 to 2008 are KRW 100 billion or above. The result of the analysis found that IT investment increases employment in most of the industries except for some of the service sectors. In the manufacturing industry, more IT investment increased employment but decreased the flexibility in demand for labor; therefore, IT investment has a substitutional relationship with low-skilled labor and a complementary relationship with high-skilled labor. In the areas of electricity, gas and construction, employment increased as IT investment increased, with the greatest flexibility in demand for labor. In the service industry, increase in IT investment led to more employment and higher flexibility in producer services only. On the other hand, there was no meaningful relationship found between IT investment and employment in the areas of distribution services and social services.

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Relationships among CEO Image, Corporate Image and Employment Brand Value in Fashion Industry

  • Ko, Eun-Ju;Taylor, Charles R.;Wagner, Udo;Ji, Hyun-Ah
    • Journal of Global Scholars of Marketing Science
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    • v.18 no.4
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    • pp.307-331
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    • 2008
  • The CEO and the Corporate Image is considered very important in the aspect of marketing. The fact that CEO image itself influences the company or value of the product directly and indirectly has been verified through many cases. Recently, the differentiation of products and services between companies became difficult because the disparity in technique between companies retrenched. As a result, the rate of people who decide to purchase or invest their money based on the corporate image or reputation has been increased. Also in the knowledge society like today, the talented employees are the company's customer and the company's necessity for managing those brains of marketing perspective on how to satisfy and attract the customers is being embossed. The Fashion industry is one of the most value-added industry and in those value-added businesses, the most important factor is the human resources' knowledge power. However the study of the relationships among the CEO image, the corporate image and employment brand value in fashion industry has not been carried out yet. This research considers that dynamic relationship exists among the CEO image, corporate image and employment brand value that affects a company's main goal of pursuing benefits and intends to investigate the relationships of the three concepts. The specific purposes of this study were, 1) to analyze the impact of CEO image on a corporate image, 2) to analyze the impact of corporate image on employment brand value, 3) to analyze the impact of CEO image on employment brand value, 4) to analyze whether corporate image plays a mediating role in the relationship between CEO image and employment brand value or not. A survey design with a structured questionnaire was employed for this research. A convenience sample of 398 subjects was selected from two groups, which are university students majoring in fashion and practitioners working in fashion industry. For the data analysis, descriptive statistic (i.e., frequency, percentage), factor analysis, and multiple regression analysis were used by utilizing SPSS 12.0 for Windows program. The results for this research are as follows, first, the study of the impact of CEO image (i.e., Managerial Competence, Reliability/Leadership, Personal Attractiveness) on corporate image (i.e., Product Image, Corporate Social Responsibility Image, Corporate Cultural Image) brought conclusion that the CEO image generally affected the corporate image in fashion industry. Managerial Competence and Reliability/Leadership affected Product Image, Corporate Social Responsibility Image and Corporate Cultural Image. However, while CEO's Personal Attractiveness affected Product Image and Corporate Social Responsibility Image, it did not affect Corporate Cultural Image. Second, the study of the impact of corporate image on employment brand value brought conclusion that corporate image (i.e., Product Image, Corporate Social Responsibility Image, Corporate Cultural Image) affected employment brand value. Corporate Cultural Image affected employment brand value the most and then the Corporate Social Responsibility Image and Product Image. Third, the study of the impact of CEO image on employment brand value brought conclusion that CEO image (i.e., Managerial Competence, Reliability/Leadership, Personal Attractiveness) affected the employment brand value. CEO's Reliability/Leadership affected the employment brand value the most and then CEO's Personal Attractiveness and CEO's Managerial Competence. Forth, the study examined whether corporate image plays a mediating role in relationship of CEO image and employment brand value and concluded that it does. Corporate image played a full mediating role between CEO's Managerial Competence and employment brand value while it played a partial mediating role between CEO's Reliability/Leadership and CEO's Personal Attractiveness. This study is meaningful in a sense that it examines the relationship among the CEO image, corporate image and employment brand value which has not been carried out yet in fashion industry. It will ultimately contribute to the success of a fashion company by providing useful information of establishing strategies for managing proper the CEO and the corporate image to the fashion company and operating the talented employees.

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The Impact of Minimum Wage Policy on Employment in Myanmar

  • KYAW, Min Thu;CHO, Yooncheong
    • The Journal of Industrial Distribution & Business
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    • v.12 no.3
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    • pp.31-41
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    • 2021
  • Purpose: The purpose of this paper is to analyze the impact of the minimum wage policy and the employment labor force in Myanmar by exploring firms' actions such as installing supplementary machines to substitute for labor resources and by addressing gender issues in employment. Research design, data, and methodology: This paper applies a fixed-effect estimation method by using the World Bank's enterprise panel data set surveyed in Myanmar. Results: Findings suggest that the minimum wage reduces both full-time and part-time employment, while the first minimum wage policy increases overall female employment. The adverse impacts are more pronounced for female employees of Joint Venture enterprises and enterprises located in the less-populated regions. Investment in capital such as equipment and machinery increase to substitute for labor after the minimum wage policy implementation; as a result, full-time employment slightly decreases. Conclusions: Appropriate measures concerning the minimum wage policy must be prepared by the government and institutions related to the labor union to serve the well-being of employees. Government of Myanmar should fix the minimum wage in a reasonable period based on the fiscal year for both employers and employees to prevent possible issues and losses resulting from the minimum wage being set.

The Impact of Self-Employment on the National Economy (자영업이 국가경제에 미치는 영향)

  • Kim, Woohyoung
    • The Journal of Small Business Innovation
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    • v.20 no.1
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    • pp.19-33
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    • 2017
  • In this paper, we suggest proper policy directions through an analysis onthe impact of changes in self-employment on the national economy. In other words, we intend to identify the current status of self-employment jobs and present policy directions for supporting self-employed workers. In order to grasp the dynamic relationship of variables, we used a VAR model to measure the impact of self-employment job fluctuations and macroeconomic variables on each other. The analysis results demonstrate that an exogenous shock to the ratio of self-employed workers does not show a significant impact on the nominal growth ratio. However, when the analysis was done separately on an exogenous shock to the ratio of self-employed workers with employees and without employees, an increase in the ratio of self-employed workers with employees showed a positive impact on nominal growth. On the other hand, an increase in the ratio of self-employed workers without employees showeda negative impact on nominal growth. In future studies, it will be necessary to do additional analysis on quarterly data to estimate the short-term impact of macroeconomic variables on changes in the ratio of self-employed workers.

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