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|Title:||Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms|
|Authors:||VAN ROY VINCENT; VERTESY DANIEL; VIVARELLI MARCO|
|Citation:||RESEARCH POLICY vol. 47 no. 9 p. 1762-1776|
|Publisher:||ELSEVIER SCIENCE BV|
|Type:||Articles in periodicals and books|
|Abstract:||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.|
|JRC Directorate:||Joint Research Centre Corporate Activities|
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