The job creation effect of R&D expenditures

Arbeitspapier

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.

Object Details

• ISBN: 978-92-79-15702-8
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IPTS Working Papers on Corporate R&D and Innovation ; No. 04/2010

Classification and Topics

• Classification: Wirtschaft ; Technological Change: Choices and Consequences; Diffusion Processes
• Subject: Technological change ; corporate R&D ; employment ; product innovation ; GMM-SYS

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bogliacino, Francesco ; Vivarelli, Marco
• Event: Veröffentlichung
• (who): European Commission, Joint Research Centre (JRC)
• (where): Seville
• (when): 2010

Further information

• DOI: doi:10.2791/40510
• Handle: http://hdl.handle.net/10419/202120
• Last update: 10.03.2025, 11:43 AM CET