Innovation and employment. A sectoral analysis in the EU

Risultato della ricerca: Contributo in libroChapter

Abstract

The aim of this chapter is twofold. On the one hand, the economic insights on the employment impact of technological change are discussed considering both theories and empirical studies. On the other hand, an empirical test is provided: longitudinal data – covering manufacturing and service industries over the 1998-2011 period in 11 European countries – are used to run GMMSYS estimates. Two are the main results: 1) a significant labor-friendly impact of R&D expenditures (related to product innovation) is found; 2) capital formation turns out to be negatively related to employment; this outcome suggests a possible labor-saving effect due to the embodied technological change incorporated in gross investment (related to process innovation).
Lingua originaleEnglish
Titolo della pubblicazione ospiteEssays in Honor of Luigi Campiglio
EditorM. Baussola, C. Bellavite Pellegrini, M. Vivarelli
Pagine105-117
Numero di pagine13
Stato di pubblicazionePubblicato - 2018

Keywords

  • Employees
  • Technological change

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