The job-creation effect of patents: some evidence from European microdata

Vincent Van Roy, Daniel Vertesy and Marco Vivarelli ()

No 538766, Working Papers of Department of Management, Strategy and Innovation, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven

Abstract: This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering almost 20,000 patenting firms from Europe over the period 2003-2012. The main outcome from the proposed GMM-SYS estimations is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors, while not significant in low-tech manufacturing and services.

Keywords: Technological change; innovation; patents; employment; GMM-SYS (search for similar items in EconPapers)
Date: 2016-04-13
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Citations: View citations in EconPapers (1)

Published in FEB Research Report - MSI_1603

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Persistent link: https://EconPapers.repec.org/RePEc:ete:msiper:538766

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