@TechReport{iza:izadps:dp4728,
            	author={Bogliacino, Francesco and Vivarelli, Marco},
            	title={The Job Creation Effect of R&D Expenditures},
            	year={2010},
	month={Jan},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4728},
            	url={https://www.iza.org/publications/dp4728},
	abstract={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.},
	keywords={employment;corporate R&D;technological change;product innovation;GMM-SYS},
            }