Innovation and Employment in Patenting Firms: Empirical Evidence from Europe

This report explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering nearly 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, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors, while not significant in low-tech manufacturing and services.

VAN ROY Vincent;  VERTESY Daniel;  VIVARELLI Marco; 

2015-10-21

Publications Office of the European Union

JRC96874

978-92-79-50311-5,   

1831-9424,   

EUR 27377,    OP KJ-NA-27377-EN-N,   

https://publications.jrc.ec.europa.eu/repository/handle/JRC96874,   

10.2760/428417,   

https://publications.jrc.ec.europa.eu/repository/bitstream/JRC96874/reqno_jrc96874_wp4_id_innovation%20and%20employment%20in%20patenting%20firms%20empirical%20evidence%20from%20europe.pdf