Job Creation Effects of R&D Expenditures: Are High-tech Sectors the Key?

Francesco Bogliacino, Mariacristina Piva and Marco Vivarelli ()

No 2011-10, JRC Working Papers on Corporate R&D and Innovation from Joint Research Centre

Abstract: In this paper we assess the job creation effect of R&D expenditures, using a unique longitudinal database of 677 European companies over the period 1990-2008. We estimate a dynamic labour demand specification using a Least Squares Dummy Variable Corrected (LSDVC) technique. The labour-friendly nature of R&D emerges from the empirical analysis on the overall sample. However, this positive significant effect corresponds to the high-tech sector and services, while the effect is not significant for traditional manufacturing. The results support the policy agenda of promoting structural change in European economies.

Keywords: innovation; employment; manufacturing; services; LSDVC (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011-12
New Economics Papers: this item is included in nep-eur, nep-ino, nep-knm, nep-lab, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ipt:wpaper:201110

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