Technological change, the productivity of formal and informal businesses, and the impact on labor market
AbstractDigital transformation, both omnipresent and influential, has deeply impacted various sectors with a particular focus on the economy. The introduction and adoption of tools that facilitate technological changes and online business practices have emerged as game changers. They have endowed co...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2023-10-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2023.2268790 |
| _version_ | 1797654495990120448 |
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| author | Koffi Sodokin Joseph Kokouvi Djafon Mawuli Kodjovi Couchoro Yao Mensah Kounetsron Akoété Ega Agbodji |
| author_facet | Koffi Sodokin Joseph Kokouvi Djafon Mawuli Kodjovi Couchoro Yao Mensah Kounetsron Akoété Ega Agbodji |
| author_sort | Koffi Sodokin |
| collection | DOAJ |
| description | AbstractDigital transformation, both omnipresent and influential, has deeply impacted various sectors with a particular focus on the economy. The introduction and adoption of tools that facilitate technological changes and online business practices have emerged as game changers. They have endowed corporations with enhanced internal agility and improved employee communications. Online business, with its vast potential, is becoming increasingly crucial in developing countries, where Internet accessibility is steadily growing. This study explores the impact of e-commerce on company productivity by considering both formal and informal sectors. It leverages data from the 2018 General Business Census of Togo. By applying endogenous switching regression and smoothed instrumental variable quantile regression tools, this study demonstrates that online businesses can significantly increase productivity, particularly in firms within the informal sector. However, this finding highlights the potential risk of job loss. This study concludes that support strategies are essential for promoting the integration of online companies, increasing productivity, and protecting jobs. |
| first_indexed | 2024-03-11T17:00:19Z |
| format | Article |
| id | doaj.art-6961b9d6596b497bb71967cf7bc02b8f |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-03-11T17:00:19Z |
| publishDate | 2023-10-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-6961b9d6596b497bb71967cf7bc02b8f2023-10-20T10:54:17ZengTaylor & Francis GroupCogent Economics & Finance2332-20392023-10-0111210.1080/23322039.2023.2268790Technological change, the productivity of formal and informal businesses, and the impact on labor marketKoffi Sodokin0Joseph Kokouvi Djafon1Mawuli Kodjovi Couchoro2Yao Mensah Kounetsron3Akoété Ega Agbodji4Research Center for Applied Economics and Management of Organisations (CREAMO), University of Lome, Lome, TogoResearch Center for Applied Economics and Management of Organisations (CREAMO), University of Lome, Lome, TogoResearch Center for Applied Economics and Management of Organisations (CREAMO), University of Lome, Lome, TogoResearch Center for Applied Economics and Management of Organisations (CREAMO), University of Lome, Lome, TogoResearch Center for Applied Economics and Management of Organisations (CREAMO), University of Lome, Lome, TogoAbstractDigital transformation, both omnipresent and influential, has deeply impacted various sectors with a particular focus on the economy. The introduction and adoption of tools that facilitate technological changes and online business practices have emerged as game changers. They have endowed corporations with enhanced internal agility and improved employee communications. Online business, with its vast potential, is becoming increasingly crucial in developing countries, where Internet accessibility is steadily growing. This study explores the impact of e-commerce on company productivity by considering both formal and informal sectors. It leverages data from the 2018 General Business Census of Togo. By applying endogenous switching regression and smoothed instrumental variable quantile regression tools, this study demonstrates that online businesses can significantly increase productivity, particularly in firms within the informal sector. However, this finding highlights the potential risk of job loss. This study concludes that support strategies are essential for promoting the integration of online companies, increasing productivity, and protecting jobs.https://www.tandfonline.com/doi/10.1080/23322039.2023.2268790online businessproductivitydigital transformation, employmentL25O33M15 |
| spellingShingle | Koffi Sodokin Joseph Kokouvi Djafon Mawuli Kodjovi Couchoro Yao Mensah Kounetsron Akoété Ega Agbodji Technological change, the productivity of formal and informal businesses, and the impact on labor market Cogent Economics & Finance online business productivity digital transformation, employment L25 O33 M15 |
| title | Technological change, the productivity of formal and informal businesses, and the impact on labor market |
| title_full | Technological change, the productivity of formal and informal businesses, and the impact on labor market |
| title_fullStr | Technological change, the productivity of formal and informal businesses, and the impact on labor market |
| title_full_unstemmed | Technological change, the productivity of formal and informal businesses, and the impact on labor market |
| title_short | Technological change, the productivity of formal and informal businesses, and the impact on labor market |
| title_sort | technological change the productivity of formal and informal businesses and the impact on labor market |
| topic | online business productivity digital transformation, employment L25 O33 M15 |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2023.2268790 |
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