Влияние на някои аспекти на дигитализацията върху динамиката на производителността на труда в страните от ЦИЕ
Impact of Some Aspects of Digitalization on Labour Productivity Dynamics in Cee Countries

Author(s): Konstantin Kolev, Maya Tsoklinova
Subject(s): Social Sciences, Economy, National Economy, Sociology, Economic development, ICT Information and Communications Technologies
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: labour productivity; business enterprises’ expenditure on R&D; digitalization; panel data; fixed effects
Summary/Abstract: The aim of this article is to examine the impact of the level of digital literacy of the population and investments in high technologies and scientific research on labour productivity in Central and Eastern European (CEE) countries. To achieve this goal, annual data from Eurostat for the period 2016-2023 are used for 11 CEE countries – Bulgaria, Estonia, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, Hungary, Croatia and the Czech Republic. A panel regression model with fixed time effects is specified. The coefficient of determination (R2) of the model is 0.58. In other words, about 58% of the changes in the value of the dependent variable – labour productivity per employee can be explained by the total influence of the variables included in the model – business enterprises’ expenditure on research and development (R&D) in high-tech sectors, government budget allocations for R&D, digital literacy of the population and fixed time effects. The regression coefficients are statistically significant and provide grounds to conclude that business enterprises’ expenditure on R&D in high-tech sectors and digital literacy of the population have a positive impact on labour productivity per employee.

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