The job creation effect of R&D expenditures

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 4728

Classification and Topics

• Classification: Wirtschaft ; Technological Change: Choices and Consequences; Diffusion Processes
• Subject: Technological change ; corporate R&D ; employment ; product innovation ; GMM-SYS ; Forschungskosten ; Beschäftigungseffekt ; Innovation ; Arbeitsnachfrage ; Technischer Fortschritt ; Lissabon Strategie ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bogliacino, Francesco ; Vivarelli, Marco
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/36361
• Last update: 10.03.2025, 11:41 AM CET