Innovation and Employment in Patenting Firms: Empirical Evidence from Europe

Vincent Van Roy, Daniel Vertesy and Marco Vivarelli ()

No 9147, IZA Discussion Papers from Institute of Labor Economics (IZA)

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: GMM-SYS; employment; patents; innovation; technological change (search for similar items in EconPapers)
JEL-codes: O31 O33 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2015-06
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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Published - published as 'Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms' in: Research Policy, 2018, 47 (9), 1762 - 1776

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