| Abstract [eng] |
In recent years, digitalization has become one of the most important factors changing the economy and the labor market. Artificial intelligence, robotics, data analytics, cloud computing and automation solutions are transforming business processes and work organization. This paper examines the interrelationship between business computing and the Lithuanian labor market, in order to assess how the penetration of digital technologies into enterprises is associated with key labor market indicators. Research object. The impact of business digitalization on the labor market. Research aim of the study. To assess the impact of business digitalization on Lithuanian labor market indicators. The first part discusses the research issues and current trends: it reviews the development of digitalization, the most important directions of technology implementation and their potential impact on the structure and dynamics of the labor market. It also discusses why digitalization is becoming not only a source of competitive advantage, but also an inevitable condition, and the skills and adaptability of employees are gaining increasing importance in the labor market. The second part presents theoretical solutions defining the concept of business digitalization and indicators measuring digital progress. The concept of the labor market, its main indicators (unemployment, employment, activity, job vacancies) and changes in the context of digitalization are discussed in more detail. In addition, theories explaining the impact of digitalization on the labor market are reviewed and the results of previous empirical studies and methods that are most often used to assess such relationships are presented. The third part describes the research methodology for the empirical assessment of the links between business digitalization and the Lithuanian labor market. The data used, their period, the principles of variable selection, and the applied analysis stages are indicated. The methodology justifies how the most appropriate models are selected and what criteria are used to decide on the acceptance or rejection of hypotheses. The fourth part presents the research results and discussion. An econometric assessment is performed to show which digitalization variables are statistically significantly related to specific labor market indicators, and a regression analysis of the dependent variables is presented. Finally, the main results are summarized, their interpretations and connections with the findings of previous authors are discussed, formulating general conclusions about the significance of business digitalization for changes in the Lithuanian labor market. It was found that digitalization is more related to the dynamics of labor market “tensions” (unemployment) than to activity or vacancy indicators, which are more strongly determined by demographic and cyclical factors. |
