The Job Creation Effect of R&amp;D Expenditures

descriptionPublicationkeyboard_double_arrow_right Article , Research , Preprint 01 Jan 2010 Italy, Spain, Spain English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Bogliacino, Francesco; Vivarelli, Marco;

doi: 10.2139/ssrn.1549204 , 10.1111/j.1467-8454.2012.00425.x

handle: 2445/116910 , 10446/243540 , 10419/36361 , 10419/202120 , 10807/40745

The Job Creation Effect of R&D Expenditures

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Abstract

In this study we use a unique database covering 25 manufacturing and service sectors for 15 European countries over the period 1996–2005, for a total of 2,295 observations, and apply GMM‐SYS panel estimations of a demand‐for‐labour equation augmented with technology. We find that R&D expenditure – fostering product innovation – have a job‐creating effect, in accordance with the previous theoretical and empirical literature discussed in the paper. Interestingly enough, the labour‐friendly nature of R&D emerges in both the flow and the stock specifications. These findings provide further justification for the European Lisbon targets.

Countries

Italy, Spain, Spain

Related Organizations

Catholic University of the Sacred Heart
Italy
University of Barcelona
Spain
University of Bergamo
Italy
University of Sussex
United Kingdom
National University of Colombia
Colombia

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Keywords

Beschäftigungseffekt, Technological change, corporate R&D, employment, product innovation, GMMSYS, Employment (Economic theory), technological change, corporate R&D, employment, product innovation, GMM-SYS, Ocupació, Gestió de la innovació, Recerca industrial, Manufacturing industries, Technological change, corporate R&D, employment, product innovation, GMM-SYS, EPLOYMENT, Technischer Fortschritt, Innovation, Indústria manufacturera, O33, Technological change, R&D, ddc:330, corporate R&D, Arbeitsnachfrage, Lissabon Strategie, Industrial research, product innovation, Forschungskosten, employment, EU-Staaten, GMM-SYS, Innovation management, jel: jel:O33

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