Innovation and employment: Some evidence from European sectors
AbstractIn this study we use a unique database covering 25 manufacturing and service sectors for 16 European countries over the period 1996-2005, for a total of 2,295 observations, and apply GMM-SYS panel estimations of a demand-for-labour equation augmented with technology. We find that R&D expenditures have a job-creating effect, in accordance with the previoustheoretical and empirical literature discussed in the paper. Interestingly enough, the labourfriendly nature of R&D emerges in both the flow and the stock specifications. These findings provide further justification for the European Lisbon-Barcelona targets.
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Bibliographic InfoPaper provided by Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) in its series DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali with number dises1178.
Length: 21 pages
Date of creation: Dec 2011
Date of revision:
Technological change; corporate R&D; employment; product innovation; GMMSYS.;
Find related papers by JEL classification:
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-05-15 (All new papers)
- NEP-CSE-2012-05-15 (Economics of Strategic Management)
- NEP-EUR-2012-05-15 (Microeconomic European Issues)
- NEP-INO-2012-05-15 (Innovation)
- NEP-KNM-2012-05-15 (Knowledge Management & Knowledge Economy)
- NEP-SBM-2012-05-15 (Small Business Management)
- NEP-TID-2012-05-15 (Technology & Industrial Dynamics)
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