Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161094
Authors: 
Piva, Mariacristina
Vivarelli, Marco
Year of Publication: 
2017
Series/Report no.: 
IZA Discussion Papers 10471
Abstract: 
The aim of this paper is twofold. On the one hand, the economic insights about the employment impact of technological change are disentangled starting from the classical economists to nowadays theoretical and empirical analyses. On the other hand, an empirical test is provided; in particular, longitudinal data covering manufacturing and service sectors over the 1998-2011 period for 11 European countries are used to run GMM-SYS and LSDVC estimates. Two are the main results: 1) a significant labour-friendly impact of R&D expenditures (mainly related to product innovation) is found; yet, this positive employment effect appears to be entirely due to the medium-and high-tech sectors, while no effect can be detected in the low-tech industries; 2) capital formation is found to be negatively related to employment; this outcome points to a possible labour-saving effect due to the embodied technological change incorporated in gross investment (mainly related to process innovation).
Subjects: 
technological change
employment
sectoral analysis
EU
JEL: 
O33
Document Type: 
Working Paper

Files in This Item:
File
Size
676.37 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.