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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...
Persistent link: https://www.econbiz.de/10011288522
In this work, we test the employment impact of distinct types of innovative investments using a representative sample … statistically significant evidence of the expected labor-friendly nature of innovation. More in detail, neither R&D nor investment … significant employment effect. However, the job-creation impact of R&D expenditures becomes highly significant when the focus is …
Persistent link: https://www.econbiz.de/10011612764