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The Employment Impact of Innovation: Evidence from European Patenting Companies

Author

Listed:
  • Vincent Van Roy

    () (European Commission, Joint Research Centre, Ispra, Varese, Italy)

  • Daniel Vertesy

    () (European Commission, Joint Research Centre, Ispra, Varese, Italy)

  • Marco Vivarelli

    () (DISCE, Università Cattolica - SPRU, University of Sussex - Institute for the Study of Labour (IZA), Bonn)

Abstract

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering almost 20,000 patenting firms from Europe over the period 2003-2012. The main outcome from the proposed GMM-SYS estimations is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors, while not significant in low-tech manufacturing and services.

Suggested Citation

  • Vincent Van Roy & Daniel Vertesy & Marco Vivarelli, 2015. "The Employment Impact of Innovation: Evidence from European Patenting Companies," DISCE - Quaderni dell'Istituto di Politica Economica ispe0075, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  • Handle: RePEc:ctc:serie5:ispe0075
    as

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    File URL: http://istituti.unicatt.it/politica-economica-ISPE0075.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Technological change; innovation; patents; employment; GMM-SYS;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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