Technology and employment: the job creation effect of business R&D

Name: Technology and employment: the job creation effect of business R&D
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Issue

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2014 - 3

Title

Technology and employment: the job creation effect of business R&D

Authors

Francesco Bogliacino, Mariacristina Piva, Marco Vivarelli

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

01-2015

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

After discussing theory regarding the consequences of technological change on employment, our aim is to test the possible job creation effect of business R&D expenditures, using a unique longitudinal database covering 677 European firms (1990-2008). The main outcome from the dynamic LSDVC (Least Squared Dummy Variable Corrected) estimate is the labour-friendly nature of companies’ R&D, the coefficient of which turns out to be statistically significant. However, the positive impact of R&D on employment is only detectable in services and high-tech manufacturing. This is something that should be borne in mind by European policy makers having employment as one of their aims.