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 labor-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, V., Vertesy, D., Vivarelli, M., Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms, <<RESEARCH POLICY>>, 2018; (47(9)): 1762-1776. [doi:10.1016/j.respol.2018.06.008] [http://hdl.handle.net/10807/134065]

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

Vivarelli, Marco
2018

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 labor-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.
2018
Inglese
Van Roy, V., Vertesy, D., Vivarelli, M., Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms, <<RESEARCH POLICY>>, 2018; (47(9)): 1762-1776. [doi:10.1016/j.respol.2018.06.008] [http://hdl.handle.net/10807/134065]
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