Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36361
Authors: 
Bogliacino, Francesco
Vivarelli, Marco
Year of Publication: 
2010
Series/Report no.: 
IZA Discussion Papers 4728
Abstract: 
In this study we use a unique database covering 25 manufacturing and service sectors for 16 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 expenditures 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-Barcelona targets.
Subjects: 
Technological change
corporate R&D
employment
product innovation
GMM-SYS
JEL: 
O33
Document Type: 
Working Paper

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