Technology and employment: the job creation effect of business R&D

Francesco Bogliacino, Mariacristina Piva and Marco Vivarelli ()

Rivista Internazionale di Scienze Sociali, 2014, vol. 122, issue 3, 239-264

Abstract: After discussing theory regarding the consequences of technological change on employment, our aim is to test the possible job creation effect of business R&D expenditures, using a unique longitudinal database covering 677 European firms (1990-2008). The main outcome from the dynamic LSDVC (Least Squared Dummy Variable Corrected) estimate is the labour-friendly nature of companies’ R&D, the coefficient of which turns out to be statistically significant. However, the positive impact of R&D on employment is only detectable in services and high-tech manufacturing. This is something that should be borne in mind by European policy makers having employment as one of their aims.

Keywords: Innovation; Employment; Manufacturing; Services; LSDVC (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Working Paper: Technology and employment:The job creation effect of business R&D (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:vep:journl:y:2014:v:122:i:3:p:239-264

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