This study compares the employment growth patterns of innovative and non-innovative firms focusing on whether there are systematic differences between these two categories of firms in the persistence of the jobs they create. To this end, a unique longitudinal dataset of 3,304 Spanish firms over the years 2002-2009, and a semi-parametric quantile regression approach are used.
The empirical results indicate that, ceteris paribus, innovative, smaller, and younger firms are more likely to experience high employment growth episodes compared to non-innovative firms. More interestingly, among those firms that more contribute to yearly job creation (e.g. high-growth firms), only innovative companies are able to sustain high-growth over time, whereas non-innovative firms are not. Besides, among declining firms, non-innovators tend to deteriorate faster in terms of economic performance than innovators.
CIRIACI Daria;
MONCADA PATERNO' CASTELLO Pietro;
VOIGT Peter;
2016-12-19
SPRINGER
JRC96424
1309-4297,
http://rd.springer.com/article/10.1007/s40821-015-0031-3?no-access=true,
https://publications.jrc.ec.europa.eu/repository/handle/JRC96424,
10.1007/s40821-015-0031-3,
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