Technology and employment: Mass unemployment or job creation? Empirical evidence from European patenting firms
Vincent Van Roy,
Daniel Vertesy and
Marco Vivarelli ()
Research Policy, 2018, vol. 47, issue 9, 1762-1776
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 labor-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: Technological change; Innovation; Patents; Employment; GMM-SYS (search for similar items in EconPapers)
JEL-codes: O31 O33 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:47:y:2018:i:9:p:1762-1776
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