R&D Expenditures and Employment: Evidence from Europe

Mariacristina Piva and Marco Vivarelli (marco.vivarelli@unicatt.it)

No 18, GLO Discussion Paper Series from Global Labor Organization (GLO)

Abstract: Using a unique firm-level database comprising the top European R&D investors over the period 2002-2013 and running LSDVC estimates, this study finds a significant labourfriendly impact of R&D expenditures. However, this positive employment effect appears limited in magnitude and entirely due to the medium-and high-tech sectors, while no effect can be detected in the low-tech industries. From a policy point of view, this outcome is supporting the EU2020 strategy, but - taking into account that most of European economies are specialized in low-tech activities - is also worrying in terms of future perspectives of the European labour market.

Keywords: R&D; innovation; employment; firm-level analysis; EU (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-ino, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:18

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