Abstract
Using a unique firm-level database comprising the top European R&D investors over the period 2002-2013 and running LSDVC estimates, this study finds a significant labor-friendly impact of R&D expenditures. However, this positive employment effect appears limited in magnitude and entirely due to the medium-and high-tech sectors, while no effect can be detected in the low-tech industries. From a policy point of view, this outcome supports the EU2020 strategy but-taking into account that most European economies are specialized in low-tech activities-is also worrying in terms of future perspectives of the European labor market.
| Original language | English |
|---|---|
| Article number | 1279 |
| Number of pages | 16 |
| Journal | Sustainability |
| Volume | 10 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 1 Apr 2018 |
| Externally published | Yes |
JEL classifications
- o31 - Innovation and Invention: Processes and Incentives
- j28 - "Safety; Job Satisfaction; Related Public Policy"
Keywords
- R&D
- innovation
- employment
- firm-level analysis
- EU
- PANEL-DATA MODELS
- RESEARCH-AND-DEVELOPMENT
- MANUFACTURING FIRMS
- EUROPEAN COUNTRIES
- ITALIAN MICRODATA
- EMPLOYMENT
- TECHNOLOGY
- SKILLS
- BIAS
- INDUSTRIES