TY  - RPRT
        AU  - Bogliacino, Francesco
AU  - Vivarelli, Marco
        TI  - The Job Creation Effect of R&D Expenditures
        PY  - 2010/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4728
        UR  - https://www.iza.org/index.php/publications/dp4728
        AB  - 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.
        KW  - employment
KW  - corporate R&D
KW  - technological change
KW  - product innovation
KW  - GMM-SYS
        ER  -