Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/202159 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
IPTS Working Papers on Corporate R&D and Innovation No. 07/2015
Verlag: 
European Commission, Joint Research Centre (JRC), Seville
Zusammenfassung: 
The present paper estimates and decomposes the employment effect of innovation by R&D intensity levels. Our microeconometric analysis is based on a large international panel data set from the EU Industrial R&D Investment Scoreboard. Employing flexible semi-parametric methods - the generalised propensity score - allows us to recover the full functional relationship between R&D investment and firm employment, and to address important econometric issues, which is not possible in the standard estimation approach used in the previous literature. Our results suggest that modest innovators do not create and may even destruct jobs by raising their R&D expenditures. Most of the jobs in the economy are created by innovation followers: increasing innovation by 1% may increase employment up to 0.7%. The job creation effect of innovation reaches its peak when R&D intensity is around 100% of the total capital expenditure, after which the positive employment effect declines and becomes statistically insignificant. Innovation leaders do not create jobs by further increasing their R&D expenditures, which are already very high.
Schlagwörter: 
Innovation
R&D investment
causal inference
semi-parametric
employment
job creation
GPS
JEL: 
C14
C21
F23
J20
J23
O30
O32
O33
Dokumentart: 
Working Paper

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