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Innovation and employment in patenting firms : empirical evidence from Europe

Van Roy, Vincent; Vertesy, Daniel; Vivarelli, Marco - 2015

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 we measure in terms of forward-citation weighted patents. However …

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