The Employment Impact of Innovation: Evidence from European Patenting Companies

Vincent Van Roy, Daniel Vertesy and Marco Vivarelli ()

No ispe0075, DISCE - Working Papers del Dipartimento di Politica Economica from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)

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.

Keywords: Technological change; innovation; patents; employment; GMM-SYS (search for similar items in EconPapers)
JEL-codes: O31 O33 (search for similar items in EconPapers)
Pages: 43
Date: 2015-10
New Economics Papers: this item is included in nep-cse, nep-ent, nep-eur, nep-ino, nep-ipr, nep-pr~, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:ctc:serie5:ispe0075

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