The job creation effect of R&D expenditures - IPTS WORKING PAPER on CORPORATE R&D AND INNOVATION - No. 4/2010
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.
BOGLIACINO Francesco;
VIVARELLI Marco;
2010-07-08
Publications Office of the European Union
JRC57646
978-92-79-15702-8,
1018-5593,
1831-872X,
EUR 24325 EN/4,
OP LF-NA-24-325-EN-N,
http://iri.jrc.ec.europa.eu/papers.htm,
https://publications.jrc.ec.europa.eu/repository/handle/JRC57646,
10.2791/40510,
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