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

Francesco Bogliacino, Mariacristina Piva and Marco Vivarelli ()

No ispe0069, DISCE - Working Papers del Dipartimento di Politica Economica from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)

Abstract: 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.

Keywords: Innovation; Employment; Manufacturing; Services; LSDVC (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Pages: 45
Date: 2014-09
New Economics Papers: this item is included in nep-cse, nep-eur, nep-ino, nep-knm, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: Technology and employment: the job creation effect of business R&D (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ctc:serie5:ispe0069

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