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

Author

Listed:
  • Vincent Van Roy
  • Daniel Vertesy
  • Marco Vivarelli

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.

Suggested Citation

  • Vincent Van Roy & Daniel Vertesy & Marco Vivarelli, 2016. "The job-creation effect of patents: some evidence from European microdata," Working Papers of Department of Management, Strategy and Innovation, Leuven 538766, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.
    • Handle: RePEc:ete:msiper:538766
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    File URL: https://lirias.kuleuven.be/retrieve/384063
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    Cited by:

    1. Roberto Santolamazza & Dejan Pejcic, 2016. "Manifattura additiva: quale ruolo per il "capitale umano"?," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 2016(2), pages 113-144.

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