Template-Type: ReDIF-Paper 1.0
Author-Name: Vincent Van Roy
Author-X-Name-First: Vincent
Author-X-Name-Last: Van Roy
Author-Email: vincent.van-roy@jrc.ec.europa.eu
Author-Workplace-Name: European Commission, Joint Research Centre, Ispra, Varese, Italy
Author-Name: Daniel Vertesy
Author-X-Name-First: Daniel
Author-X-Name-Last: Vertesy
Author-Email: daniel.vertesy@jrc.ec.europa.eu
Author-Workplace-Name: European Commission, Joint Research Centre, Ispra, Varese, Italy
Author-Name: Marco Vivarelli
Author-X-Name-First: Marco
Author-X-Name-Last: Vivarelli
Author-Email: marco.vivarelli@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica - SPRU, University of Sussex - Institute for the Study of Labour (IZA), Bonn
Title: The Employment Impact of Innovation: Evidence from European Patenting Companies
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. 
Length: 43
Creation-Date: 2015-10
File-URL: http://istituti.unicatt.it/politica-economica-ISPE
0075.pdf
File-Format: Application/pdf
File-Function: First version, 2015
Number: ispe0075
Classification-JEL: O31, O33
Keywords: Technological change, innovation, patents, employment, GMM-SYS 
Handle: RePEc:ctc:serie5:ispe0075