R&D, embodied technological change and employment: Evidence from Spain

Gabriele Pellegrino, Mariacristina Piva and Marco Vivarelli ()

No 2018-024, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: In this work, we test the employment impact of distinct types of innovative investments using a representative sample of Spanish manufacturing firms over the period 2002-2013. Our GMM-SYS estimates generate various results, which are partially in contrast with the extant literature. Indeed, estimations carried out on the entire sample do not provide statistically significant evidence of the expected labour-friendly nature of innovation. More in detail, neither R&D nor investment in innovative machineries and equipment (the so-called embodied technological change, ETC) turn out to have any significant employment effect. However, the job-creation impact of R&D expenditures becomes highly significant when the focus is limited to the high-tech firms. On the other hand - and interestingly - ETC exhibits its labour-saving nature when SMEs are singled out.

Keywords: Innovation; R&D; Embodied Technological Change; Employment; GMM-SYS (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2018-06-11
New Economics Papers: this item is included in nep-cse, nep-ent, nep-ino, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Working Paper: R&D, Embodied Technological Change and Employment: Evidence from Spain (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2018024

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