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 labour-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 is supporting the EU2020 strategy, but - taking into account that most European economies are specialised in low-tech activities - is also worrying in terms of future perspectives of the European labour market.
| Original language | English |
|---|---|
| Publisher | UNU-MERIT working papers |
| Volume | 2017 |
| Edition | 013 |
| Publication status | Published - 10 Mar 2017 |
JEL classifications
- e24 - "Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital"
- o14 - "Industrialization; Manufacturing and Service Industries; Choice of Technology"
- o15 - "Economic Development: Human Resources; Human Development; Income Distribution; Migration"
- o33 - "Technological Change: Choices and Consequences; Diffusion Processes"
- o52 - Economywide Country Studies: Europe
Keywords
- Innovation
- R&D
- innovation
- employment
- firm-level analysis
- EU
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