The Job Creation Effect Of R&D Expenditures

Marco Vivarelli, Francesco Bogliacino

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

43 Citazioni (Scopus)

Abstract

In this study we use a unique database covering 25 manufacturing and service sectors for 15 European countries over the period 1996–2005, for a total of 2,295 observations, and apply GMM-SYS panel estimations of a demand-for-labour equation augmented with technology. We find that R&D expenditure – fostering product innovation – have a job-creating effect, in accordance with the previous theoretical and empirical literature discussed in the paper. Interestingly enough, the labour-friendly nature of R&D emerges in both the flow and the stock specifications. These findings provide further justification for the European Lisbon targets.
Lingua originaleEnglish
pagine (da-a)96-113
Numero di pagine18
RivistaAustralian Economic Papers
Volume51
Stato di pubblicazionePubblicato - 2012

Keywords

  • EPLOYMENT
  • R&D

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