Title: The job creation effect of R&D expenditures - IPTS WORKING PAPER on CORPORATE R&D AND INNOVATION - No. 4/2010
Publisher: Publications Office of the European Union
Publication Year: 2010
JRC N°: JRC57646
ISBN: 978-92-79-15702-8
ISSN: 1018-5593, 1831-872X
Other Identifiers: EUR 24325 EN/4
OP LF-NA-24-325-EN-N
URI: http://iri.jrc.ec.europa.eu/papers.htm
DOI: 10.2791/40510
Type: EUR - Scientific and Technical Research Reports
Abstract: In this study we use a unique database covering 25 manufacturing and service sectors for 15 European countries over the period 1996-2005, for a total of 2,295 observations, and apply GMM-SYS panel estimations of a demand-for-labour equation augmented with technology. We find that R&D expenditures have a job-creating effect, in accordance with the previous theoretical and empirical literature discussed in the paper. Interestingly enough, the labour-friendly nature of R&D emerges in both the flow and the stock specifications. These findings provide further justification for the European Lisbon-Barcelona targets.
JRC Directorate:Growth and Innovation

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