Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168211
Authors: 
Peters, Bettina
Hud, Martin
Dachs, Bernhard
Köhler, Christian
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Organization and Firms I A12-V3
Abstract: 
We investigate employment effects of innovations over the business cycle using data of manufacturing firms from 26 EU countries for the period 1998-2010. Using a structural model, our empirical analysis reveals three important findings: 1) The net effect of product innovation on employment growth is pro-cyclical. It is positive in all BC phases except for the recession. 2) Product innovators are more resilient to recessions than non-product innovators. 3) We only find resilience for SMEs.
JEL: 
O33
J23
C26
D2
Document Type: 
Conference Paper

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