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Evaluation of the Impact of the Internet of Things on Postal Service Efficiency in Slovakia

Author

Listed:
  • Martin Baláž

    (Department of Communications, University of Zilina, Univerzitna 1, 010 26 Zilina, Slovakia)

  • Juraj Vaculík

    (Department of Communications, University of Zilina, Univerzitna 1, 010 26 Zilina, Slovakia)

  • Tatiana Corejova

    (Department of Communications, University of Zilina, Univerzitna 1, 010 26 Zilina, Slovakia)

Abstract

This paper investigates the impact of technological advancements, particularly the integration of the Internet of Things (IoT), on the efficiency and productivity of the postal service industry in Slovakia. By employing the Cobb–Douglas production function, we analyze the relationship between key inputs—capital and labor—and output for six major postal service providers: Slovak Post, Packeta, DHL Express, DPD, TNT Express, and GLS. Using data from 2017 to 2021, this study quantifies the elasticities of capital and labor to assess how IoT adoption influences operational performance. The regression analysis reveals significant variations in input contributions across companies, highlighting the diverse effects of IoT integration. Findings suggest that while some companies benefit more from capital investments in technology, others rely heavily on labor efficiency. These insights offer valuable implications for policymakers and industry stakeholders aiming to optimize resource allocation and enhance productivity through technological innovation.

Suggested Citation

  • Martin Baláž & Juraj Vaculík & Tatiana Corejova, 2024. "Evaluation of the Impact of the Internet of Things on Postal Service Efficiency in Slovakia," Economies, MDPI, vol. 12(10), pages 1-19, October.
    • Handle: RePEc:gam:jecomi:v:12:y:2024:i:10:p:271-:d:1493481
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    References listed on IDEAS

    as
    1. Strenitzerova Mariana, 2023. "Innovation Trends in the Transport, Logistics and Postal Services Sector with Impact on Human Resources in the Slovak Republic," LOGI – Scientific Journal on Transport and Logistics, Sciendo, vol. 14(1), pages 98-109, January.
    2. Antràs Pol, 2004. "Is the U.S. Aggregate Production Function Cobb-Douglas? New Estimates of the Elasticity of Substitution," The B.E. Journal of Macroeconomics, De Gruyter, vol. 4(1), pages 1-36, April.
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