%0 Report
        %A Bogliacino, Francesco
%A Vivarelli, Marco
        %T The Job Creation Effect of R&D Expenditures
        %D 2010
        %8 2010 Jan
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 4728
        %U https://www.iza.org/publications/dp4728
        %X 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.
        %K employment
%K corporate R&D
%K technological change
%K product innovation
%K GMM-SYS