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How will robotization affect relative positions of the IDB member countries?
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CitationÖzcan, R. (2018). How will robotization affect relative positions of the IDB member countries?. Bilgi Ekonomisi ve Yönetimi Dergisi, 13 (1), ss. 1-20.
Countries adopting robotization faster will be able to increase efficiency and productivity, hence gaining comparative edge over other countries. In this study, we focus on how robotization will affect the relative macroeconomic positions of Islamic Development Bank (IDB) Member Countries (MCs). i.e. relative economic resiliency of the IDB MCs to the robotization. To do this, we propose an index to rank economic resiliency of IDB MCs to robotization by employing two data sets. The first data set is Comtrade; MCs’ exports data from 1995 to 2016. The second data set consists of the human capital intensity at detailed sectoral levels, and is called the Revealed Factor Intensity Indices database provided by United Nations Conference on Trade Development (UNCTAD). It gives a unique number indicating the factor intensity of a traded goods group according to SITC classification. By using these two data sets, we develop an index for each MC showing human capital intensity of the MC’s exports sectors for a year. Then, ranking the proposed index value for each MC reveals the relative economic resilience of MCs: the higher the figure, the more resilient the MC economy to robotization. The results of this study help to understand how susceptible MCs’ economies to robotization. In addition, they will provide a ground to policy makers to develop relevant policies in order to decrease the vulnerability against robotization.