The job creation effect of R&D expenditures

Francesco Bogliacino and Marco Vivarelli ()

No 2010/55, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: In 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 previous theoretical and empirical literature discussed in the paper. Interestingly enough, the labour-friendly nature of R&D emerges in both the flow and the stock specifications. These findings provide further justification for the European Lisbon-Barcelona targets.

Keywords: Technological change; corporate R&D; employment; product innovation; GMMSYS (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2010
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: THE JOB CREATION EFFECT OF R&D EXPENDITURES (2012)
Working Paper: The job creation effect of R&D expenditures (2010)
Working Paper: The Job Creation Effect of R&D Expenditures (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2010-55

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