Is Innovation Destroying Jobs? Firm-Level Evidence from the EU

Is Innovation Destroying Jobs? Firm-Level Evidence from the EU

Using a unique firm-level database comprising the top European R&D investors over the period 2002–2013 and running LSDVC estimates, this study finds a significant labor-friendly impact of R&D expenditures. However, this positive employment effect appears limited in magnitude and enti...

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Bibliographic Details
Main Authors: Mariacristina Piva, Marco Vivarelli
Format: Article
Language:English
Published: MDPI AG 2018-04-01
Series:Sustainability
Subjects:
R&amp
D
innovation
employment
firm-level analysis
EU
Online Access:http://www.mdpi.com/2071-1050/10/4/1279
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spelling doaj-00f6c2561bd04460bc4c764fef05bb8f2020-11-24T22:45:53ZengMDPI AGSustainability2071-10502018-04-01104127910.3390/su10041279su10041279Is Innovation Destroying Jobs? Firm-Level Evidence from the EUMariacristina Piva0Marco Vivarelli1Department of Economic Policy , Università Cattolica del Sacro Cuore, 29122 Piacenza, ItalyDepartment of Economic Policy, Università Cattolica del Sacro Cuore, 20123 Milano, ItalyUsing a unique firm-level database comprising the top European R&D investors over the period 2002–2013 and running LSDVC estimates, this study finds a significant labor-friendly impact of R&D expenditures. However, this positive employment effect appears limited in magnitude and entirely due to the medium- and high-tech sectors, while no effect can be detected in the low-tech industries. From a policy point of view, this outcome supports the EU2020 strategy but—taking into account that most European economies are specialized in low-tech activities—is also worrying in terms of future perspectives of the European labor market.http://www.mdpi.com/2071-1050/10/4/1279R&ampDinnovationemploymentfirm-level analysisEU
collection DOAJ
language English
format Article
sources DOAJ
author Mariacristina Piva
Marco Vivarelli
spellingShingle Mariacristina Piva
Marco Vivarelli
Is Innovation Destroying Jobs? Firm-Level Evidence from the EU
Sustainability
R&amp
D
innovation
employment
firm-level analysis
EU
author_facet Mariacristina Piva
Marco Vivarelli
author_sort Mariacristina Piva
title Is Innovation Destroying Jobs? Firm-Level Evidence from the EU
title_short Is Innovation Destroying Jobs? Firm-Level Evidence from the EU
title_full Is Innovation Destroying Jobs? Firm-Level Evidence from the EU
title_fullStr Is Innovation Destroying Jobs? Firm-Level Evidence from the EU
title_full_unstemmed Is Innovation Destroying Jobs? Firm-Level Evidence from the EU
title_sort is innovation destroying jobs? firm-level evidence from the eu
publisher MDPI AG
series Sustainability
issn 2071-1050
publishDate 2018-04-01
description Using a unique firm-level database comprising the top European R&D investors over the period 2002–2013 and running LSDVC estimates, this study finds a significant labor-friendly impact of R&D expenditures. However, this positive employment effect appears limited in magnitude and entirely due to the medium- and high-tech sectors, while no effect can be detected in the low-tech industries. From a policy point of view, this outcome supports the EU2020 strategy but—taking into account that most European economies are specialized in low-tech activities—is also worrying in terms of future perspectives of the European labor market.
topic R&amp
D
innovation
employment
firm-level analysis
EU
url http://www.mdpi.com/2071-1050/10/4/1279
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