Innovation and employment in economic cycles

Mario Pianta and Matteo Lucchese

No 1203, Working Papers from University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini

Abstract: This article explores the way economic cycles influence the relationship between innovation and employment in manufacturing industries. We investigate whether the ups and downs of cycles alter the possibility of exploiting technological opportunities and affecting patterns of job creation. A model that explains industries? employment change by combining technology and demand is proposed; the empirical test is based on data on 21 manufacturing sectors from 1995 to 2007 for Germany, France, Italy, the UK, the Netherlands and Spain. Results show that, in upswings, employment change is affected by new products, exports and wage growth, while during downswings new processes contribute to restructuring and job losses.

Keywords: Innovation; Cycles; Employment; Demand. (search for similar items in EconPapers)
JEL-codes: E32 J20 L6 O30 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012, Revised 2012
New Economics Papers: this item is included in nep-eur, nep-ino, nep-lab and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

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http://www.econ.uniurb.it/RePEc/urb/wpaper/WP_12_03.pdf First version, 2012 (application/pdf)

Related works:
Journal Article: Innovation and Employment in Economic Cycles (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:urb:wpaper:12_03

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