Technology and employment: the job creation effect of business R&D

Mariacristina Piva, Marco Vivarelli, Francesco Bogliacino

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)239-264
Number of pages26
JournalRivista Internazionale di Scienze Sociali
Publication statusPublished - 2014

Keywords

  • Employment
  • Innovation
  • LSDVC
  • Manufacturing
  • Services

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