Arbeitspapier

Innovation and Employment in Patenting Firms: Empirical Evidence from Europe

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This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering almost 20,000 patenting firms from Europe over the period 2003-2012. The main outcome from the proposed GMM-SYS estimations is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors, while not significant in low-tech manufacturing and services.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 9147

Classification
Wirtschaft
Innovation and Invention: Processes and Incentives
Technological Change: Choices and Consequences; Diffusion Processes
Subject
technological change
innovation
patents
employment
GMM-SYS

Event
Geistige Schöpfung
(who)
Van Roy, Vincent
Vertesy, Daniel
Vivarelli, Marco
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2015

Handle
Last update
10.03.2025, 11:45 AM CET

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Object type

  • Arbeitspapier

Associated

  • Van Roy, Vincent
  • Vertesy, Daniel
  • Vivarelli, Marco
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2015

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