Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms

VAN, ROY Vincent; VERTESY, Daniel; VIVARELLI, Marco

doi:10.1016/j.respol.2018.06.008

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Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms

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, 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;

2018-11-12

ELSEVIER SCIENCE BV

JRC98439

0048-7333 (online),

https://www.sciencedirect.com/science/article/pii/S0048733318301537, https://publications.jrc.ec.europa.eu/repository/handle/JRC98439,

10.1016/j.respol.2018.06.008 (online),

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