Patenting Behaviour and Employment Growth in German Start-up Firms: A Panel Data Analysis

Michaela Niefert

No 05-03, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: The effect of innovations on employment at the firm level is theoretically ambiguous. The present paper analyses this relationship using panel data on German start-up firms as well as German patent data. It employs different indicators of patenting activity. By applying fixed-effects and first-differencing panel data methods it is shown that patenting activity has a positive effect on employment growth that is typically most pronounced in the second year after application. The effect seems to diminish with firm age. Patenting firms do not generally exhibit higher growth rates than their non-patenting counterparts; instead, growth performance depends on their patenting activity over time.

Keywords: employment growth; patents; Gibrat´s law; dynamic panel data models (search for similar items in EconPapers)
JEL-codes: C23 D92 L25 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (14)

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