The Job Creation Effect of R&D Expenditures

Francesco Bogliacino and Marco Vivarelli ()

No 4728, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: In this study we use a unique database covering 25 manufacturing and service sectors for 16 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 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: employment; corporate R&D; technological change; product innovation; GMM-SYS (search for similar items in EconPapers)
JEL-codes: O33 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2010-01
New Economics Papers: this item is included in nep-eur, nep-ino, nep-lab, nep-sbm and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published - published in: Australian Economic Papers, 2012, 51 (2), 96-113

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https://docs.iza.org/dp4728.pdf (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)
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