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Employment Effects of Innovations over the Business Cycle: Firm-Level Evidence from European Countries

Bettina Peters (), Martin Hud, Bernhard Dachs and Christian Köhler

Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: We investigate employment effects of innovations over the business cycle using data of manufacturing firms from 26 EU countries for the period 1998-2010. Using a structural model, our empirical analysis reveals three important findings: 1) The net effect of product innovation on employment growth is pro-cyclical. It is positive in all BC phases except for the recession. 2) Product innovators are more resilient to recessions than non-product innovators. 3) We only find resilience for SMEs.

JEL-codes: O33 J23 C26 D2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-ent, nep-eur, nep-ino, nep-sbm and nep-tid
Date: 2017
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https://www.econstor.eu/bitstream/10419/168211/1/VfS-2017-pid-3173.pdf (application/pdf)

Related works:
Working Paper: Employment Effects of Innovations over the Business Cycle: Firm-Level Evidence from European Countries (2017) Downloads
Working Paper: Employment Effects of Innovations over the Business Cycle: Firm-Level Evidence from European Countries (2016) Downloads
Working Paper: Employment effects of innovations over the business cycle: Firm-level evidence from European countries (2016) Downloads
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