Beyond R&D: the role of embodied technological change in affecting employment

Gabriele Pellegrino, Mariacristina Piva, Marco Vivarelli*

*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

3 Citazioni (Scopus)

Abstract

In this work, we test the employment impact of distinct types of innovative investments using a representative sample of Spanish manufacturing firms over the period 2002–2013. Our GMM-SYS estimates generate various results, which are partially in contrast with the extant literature. Indeed, estimations carried out on the entire sample do not provide statistically significant evidence of the expected labor-friendly nature of innovation. More in detail, neither R&D nor investment in innovative machineries and equipment (the so-called embodied technological change, ETC) turn out to have any significant employment effect. However, the job-creation impact of R&D expenditures becomes highly significant when the focus is limited to the high-tech firms. On the other hand - and interestingly - ETC exhibits its labor-saving nature when SMEs are singled out.
Lingua originaleEnglish
pagine (da-a)1151-1171
Numero di pagine21
RivistaJournal of Evolutionary Economics
Volume29
DOI
Stato di pubblicazionePubblicato - 2019

Keywords

  • D
  • Embodied technological change
  • Employment
  • GMM SYS
  • Innovation
  • R&amp

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