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.
Bogliacino, F., Piva, M., Vivarelli, M., Technology and employment: the job creation effect of business R&D, <<RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI>>, 2014; (3): 239-264 [http://hdl.handle.net/10807/63899]
Technology and employment: the job creation effect of business R&D
Bogliacino, Francesco;Piva, Mariacristina;Vivarelli, Marco
2014
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.
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