Latest Articles from Russian Journal of Economics Latest 2 Articles from Russian Journal of Economics https://rujec.org/ Fri, 29 Mar 2024 12:26:29 +0200 Pensoft FeedCreator https://rujec.org/i/logo.jpg Latest Articles from Russian Journal of Economics https://rujec.org/ The effect of FDI on the host countries’ employment: A meta-regression analysis https://rujec.org/article/98252/ Russian Journal of Economics 9(2): 158-182

DOI: 10.32609/j.ruje.9.98252

Authors: Dani Rahman Hakim, Eeng Ahman, Kusnendi Kusnendi

Abstract: This study performed a meta-regression analysis (MRA) to reexamine the effect of foreign direct investment (FDI) on the host countries’ employment. We detected a publication bias and heterogeneity between studies by employing 61 publications with 477 estimates as the dataset. Studies that do not control for endogeneity suffer an upward publication bias. In contrast, we found a downward publication bias in the studies that control endogeneity. After correcting that bias, we found a small positive effect of FDI on the host countries’ employment as the genuine effect. By using the Bayesian Model Averaging (BMA) analysis, we found six moderator variables that could explain heterogeneity. These moderator variables are related to the FDI and employment measurement type, data characteristics, FDIreceiving countries, and estimation methods.

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Research Article Mon, 17 Jul 2023 21:11:45 +0300
The phantom of technological unemployment https://rujec.org/article/35507/ Russian Journal of Economics 5(1): 88-116

DOI: 10.32609/j.ruje.5.35507

Authors: Rostislav Kapeliushnikov

Abstract: Nowadays there are many gloomy prophecies provided by both technologists and economists about the detrimental effects of the so-called Fourth Industrial Revolution on aggregate employment and its composition. These prophecies imply that in the near future we will face Robocalypse — a massive replacement of people by machines alongside an explosion in joblessness. This paper provides theoretical, empirical and historical evidence that the phenomenon of technological unemployment is a phantom. The most general results can be summarized as follows: in the long run, reduction in labor demand under the impact of new technologies is merely a theoretical possibility that has never before been realized in practice; at the level of individual firms, there is a strong positive relationship between innovations and employment growth; at the sectoral level, technological changes cause a multidirectional employment response, since different industries are at different stages of the life cycle; at the macro level, technological progress acts as a positive or neutral, but not a negative factor; a surge in technological unemployment, even in the short-term, seems a remote prospect since in coming decades the pace of technological change is unlikely to be fast enough by historical standards; the impact of new technologies on labor supply may be a more serious problem than their impact on labor demand; technological changes seem to have a much greater effect on the composition of employment than on its level.

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Research Article Wed, 17 Apr 2019 09:10:50 +0300