Template-Type: ReDIF-Paper 1.0
Author-Name: Francesco Bogliacino
Author-X-Name-First: Francesco
Author-X-Name-Last: Bogliacino
Author-Email: francesco.bogliacino@gmail.com
Author-Workplace-Name: Fundación Universitaria Konrad Lorenz, Bogotá - Universidad Nacional de Colombia, Bogotá
Author-Name: Mariacristina Piva
Author-X-Name-First: Mariacristina
Author-X-Name-Last: Piva
Author-Email: mariacristina.piva@unicatt.it
Author-Workplace-Name: DISCE, Universitŕ Cattolica
Author-Name: Marco Vivarelli
Author-X-Name-First: Marco
Author-X-Name-Last: Vivarelli
Author-Email: marco.vivarelli@unicatt.it
Author-Workplace-Name: DISCE, Universitŕ Cattolica
Title: Technology and employment:The job creation effect of business R&D
Abstract: After discussing theory regarding the consequences of technological change on employment, our aim is to test the possible job creation effect of business R&D expenditures, using a unique longitudinal database covering 677 European firms (1990-2008). The main outcome from the dynamic LSDVC (Least Squared Dummy Variable Corrected) estimate is the labour-friendly nature of companies’ R&D, the coefficient of which turns out to be statistically significant. However, the positive impact of R&D on employment is only detectable in services and high-tech manufacturing. This is something that should be borne in mind by European policy makers having employment as one of their aims.
Length: 45
Creation-Date: 2014-09
File-URL: http://istituti.unicatt.it/politica-economica-ISPE
0069.pdf
File-Format: Application/pdf
File-Function: First version, 2014
Number: ispe0069
Classification-JEL: O33
Keywords: Innovation, Employment, Manufacturing, Services, LSDVC
Handle: RePEc:ctc:serie5:ispe0069