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 originale | English |
|---|---|
| Titolo della pubblicazione ospite | Essays in Honor of Luigi Campiglio |
| Editor | M. Baussola, C. Bellavite Pellegrini, M. Vivarelli |
| Pagine | 105-117 |
| Numero di pagine | 13 |
| Stato di pubblicazione | Pubblicato - 2018 |
Keywords
- Employees
- Technological change
OSS delle Nazioni Unite
Questo processo contribuisce al raggiungimento dei seguenti obiettivi di sviluppo sostenibile
