The job creation effect of R&D expenditures

Francesco Bogliacino and Marco Vivarelli ()

No 2010-04, JRC Working Papers on Corporate R&D and Innovation from Joint Research Centre

Abstract: In this study we use a unique database covering 25 manufacturing and service sectors for 15 European countries over the period 1996-2005, for a total of 2,295 observations, and apply GMM-SYS panel estimations of a demand-for-labour equation augmented with technology. We find that R&D expenditures -fostering product innovation- have a job-creating effect, in accordance with the previous theoretical and empirical literature discussed in the paper. Interestingly enough, the labour-friendly nature of R&D emerges in both the flow and the stock specifications. These findings provide further justification for the European Lisbon-Barcelona targets.

Keywords: Technological change; corporate R&D; employment; product innovation; GMM-SYS (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2010-04
New Economics Papers: this item is included in nep-cse, nep-eur, nep-ino, nep-lab, nep-ltv, nep-sbm and nep-tid
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://publications.jrc.ec.europa.eu/repository/handle/JRC57646 (application/pdf)

Related works:
Journal Article: THE JOB CREATION EFFECT OF R&D EXPENDITURES (2012)
Working Paper: The job creation effect of R&D expenditures (2010)
Working Paper: The Job Creation Effect of R&D Expenditures (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ipt:wpaper:201004

Access Statistics for this paper

More papers in JRC Working Papers on Corporate R&D and Innovation from Joint Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Publication Officer ().