Technology and employment: Mass unemployment or job creation? Empirical evidence from European patenting firms

V. Van Roy, D. Vértesy, M. Vivarelli

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

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 labor-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.
Original languageEnglish
Pages (from-to)1762-1776
Number of pages15
JournalResearch Policy
Volume47
Issue number9
DOIs
Publication statusPublished - Nov 2018

JEL classifications

  • o15 - "Economic Development: Human Resources; Human Development; Income Distribution; Migration"
  • o00 - Economic Development, Technological Change, and Growth

Keywords

  • Employment
  • GMM-SYS
  • Innovation
  • Patents
  • Technological change
  • Manufacture
  • High tech
  • Innovation activity
  • Job creation
  • Manufacturing sector
  • Positive impacts
  • Patents and inventions
  • COUNTRIES
  • RESEARCH-AND-DEVELOPMENT
  • LABOR DEMAND
  • SKILLS
  • INNOVATION
  • ITALIAN MICRODATA
  • LEVEL ANALYSIS
  • PANEL-DATA
  • MANUFACTURING FIRMS
  • PRODUCTIVITY

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