Innovation persistence and employment dynamics
Stefano Bianchini () and
Gabriele Pellegrino ()
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Stefano Bianchini: BETA, University of Strasbourg
Gabriele Pellegrino: École Polytechnique Fédérale de Lausanne & IEB
No 2017/03, Working Papers from Institut d'Economia de Barcelona (IEB)
This paper examines the effect of persistence in product and process innovations on the employment dynamics of a representative sample of Spanish manufacturing firms observed over more than 20 years. We build on a conceptual framework that links innovation persistence, employment growth and the persistence of this growth in the long-run. Using dynamic panel GMM and survival analysis techniques, we find that persistence in product innovation affects both employment growth and the sustainability of job creation over time significantly, whilst persistence in process innovation does not play any relevant role. The evidence we provide supports the notion that product innovation is more effective in spurring sustained employment growth when carried out systematically.
Keywords: Firm growth; job creation; innovation; persistence in innovation; path-dependence (search for similar items in EconPapers)
JEL-codes: D22 O31 O32 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ent, nep-eur, nep-ino, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2017-03
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