Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms

Vincent Van Roy; Dániel Vértesy; Marco Vivarelli

doi:10.1016/j.respol.2018.06.008

Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms

Vincent Van Roy, Dániel Vértesy, Marco Vivarelli^*

^*Autore corrispondente per questo lavoro

European Commission Joint Research Centre Institute

Risultato della ricerca: Contributo in rivista › Articolo in rivista › peer review

30 Citazioni (Scopus)

Abstract

This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering almost 20,000 patenting firms from Europe over the period 2003–2012. The main outcome from the proposed GMM-SYS estimations is the labor-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors, while not significant in low-tech manufacturing and services.

Lingua originale	English
pagine (da-a)	1762-1776
Numero di pagine	15
Rivista	Research Policy
DOI	https://doi.org/10.1016/j.respol.2018.06.008
Stato di pubblicazione	Pubblicato - 2018

Keywords

Employment
GMM-SYS
Innovation
Patents
Technological change

OSS delle Nazioni Unite

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10.1016/j.respol.2018.06.008

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abstract = "This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering almost 20,000 patenting firms from Europe over the period 2003–2012. The main outcome from the proposed GMM-SYS estimations is the labor-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors, while not significant in low-tech manufacturing and services.",

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AB - This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering almost 20,000 patenting firms from Europe over the period 2003–2012. The main outcome from the proposed GMM-SYS estimations is the labor-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors, while not significant in low-tech manufacturing and services.

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KW - GMM-SYS

KW - Innovation

KW - Patents

KW - Technological change

KW - Employment

KW - GMM-SYS

KW - Innovation

KW - Patents

KW - Technological change

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JO - Research Policy

JF - Research Policy

ER -

Technology and Employment: Mass Unemployment or Job Creation? Empirical Evidence from European Patenting Firms

Abstract

Keywords

OSS delle Nazioni Unite

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