Determination of the effect of information and communication technologies (ICTs) to unit labour cost: G7 countries examples
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Abstract
Following the realisation of the revolutions in various fields on Earth, the field of information and communication has also been incorporated into these developed fields. Where information and communication technologies (ICTs) are not enough for human power, they are confronted as a field that seizes work, or even accelerates them in practice. The main purpose of this study is to determine whether there is a relationship between investment of ICTs and unit labour costs (ULCs) in the G7 countries between 1990 and 2010. In the study panel, vector autoregressive and Granger Causality tests were applied. As a result of the analysis made, a negative and significant relationship has been determined between the investments made in the ICTs and the ULC.
Keywords: ICT, labour cost, causality, relationship.
Jel Classification Codes: O3, J2.
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