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Technology and employment: the job creation effect of business R&D

Listed author(s):
  • Francesco Bogliacino

    ()

    (Universidad Nacional de Colombia, Bogota`, Colombia)

  • Mariacristina Piva

    ()

    (Dipartimento di Scienze Economiche e Sociali, Universita` Cattolica del Sacro Cuore, Piacenza)

  • Marco Vivarelli

    ()

    (Istituto di Politica Economica, Universita` Cattolica del Sacro Cuore, Milano)

After discussing theory regarding the consequences of technological change on employment, our aim is to test the possible job creation effect of business R&D expenditures, using a unique longitudinal database covering 677 European firms (1990-2008). The main outcome from the dynamic LSDVC (Least Squared Dummy Variable Corrected) estimate is the labour-friendly nature of companies’ R&D, the coefficient of which turns out to be statistically significant. However, the positive impact of R&D on employment is only detectable in services and high-tech manufacturing. This is something that should be borne in mind by European policy makers having employment as one of their aims.

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Article provided by Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore in its journal Rivista Internazionale di Scienze Sociali.

Volume (Year): 126 (2014)
Issue (Month): 3 ()
Pages: 239-264

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Handle: RePEc:vep:journl:y:2014:v:126:i:3:p:239-264
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