The impact of the digital economy on sectoral labor productivity in the North American economy, 2005–2020

• Autores: Jorge Eduardo Mendoza Cota, Brenda Luciel Méndez Romero
• Localización: Technological change and labor markets: productivity, job polarization, and Inequality / Reyna Elizabeth Rodríguez Pérez (ed. lit.), Liliana Meza González (ed. lit.), 2024, ISBN 978-1-032-48624-6, págs. 143-165
• Idioma: inglés
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• Resumen

  • In the last 20 years, the digital economy has gained relevance within developed economies, given its power to enhance labor productivity, in those sectors in which it is installed. In this document, through the panel cointegration methodology (FMOLS and DOLS), we seek to find the long-term determinants of labor productivity of 20 economic activities in the United States in the period 2005–2020, taking as exogenous variables the growth of added value in the digital economy, the share of wages in the digital economy and investment in equipment. Finding a positive impact between the growth of the digital economy and investment in equipment with labor productivity, and a negative effect of remuneration. Coming to the conclusion that the future of the digital economy in the United States will depend on different structural factors, mainly on the supply of workers available in the digital economy.