TITLE:
Analysis of the Relationship between Digital Economy Response to Employment and Inter-Industry Impact Effects
AUTHORS:
Fuyun Zhu, Yuxing Shi, Wenchun Luo
KEYWORDS:
Digital Economy, Employment, Impact Effects, PVAR Model
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.1,
January
31,
2023
ABSTRACT: Employment is the
foundation of people’s livelihood, and has always been a hot topic in society.
Nowadays, there are both risks and opportunities for employment in China’s
digital economy. In this context, by studying
the characteristics, development trends, and generation mechanisms of the
digital economy, this paper uses national
and provincial employment panel data from 2014-2019, establishes PVAR
models and linear regression models, conducts empirical
analysis, and explores the response relationship of the digital economy
on employment, the aggregate effect, and the destruction and creation effects on employment among different industries, and
uses the F-test with Hausman. The robustness test analysis was conducted using the F-test and the
Hausman test. Conclusions: 1) The response of the digital economy to employment
shows a positive trend, followed by a negative trend and finally stabilizes. 2)
The digital economy has a destructive effect on employment in the primary and
secondary industries. 3) The digital economy has a creation effect on
employment in the tertiary industry. Based on this, policy recommendations are
proposed: adjusting and improving existing legislation, vigorously
developing the platform economy, and strengthening digital talent training and digital
skills training.