Template-type: ReDIF-Paper 1.0
Author-Name: Pellegrino, Gabriela
Author-Email: gabriele.pellegrino@epfl.ch
Author-Workplace-Name: EPFL, Lausanne
Author-Name: Piva, Mariacristina
Author-Email: mariacristina.piva@unicatt.it
Author-Workplace-Name: Università Cattolica del Sacro Cuore, Piacenza
Author-Name: Vivarelli, Marco
Author-Email: marco.vivarelli@unicatt.it
Author-Workplace-Name: UNU-MERIT, and Universita’ Cattolica del Sacro Cuore, Milano
Title: R&D, embodied technological change and employment: Evidence from Spain
Abstract: In this work, we test the employment impact of distinct types of 
	 innovative investments using a representative sample of Spanish 
	 manufacturing firms over the period 2002-2013. Our GMM-SYS estimates 
	 generate various results, which are partially in contrast with the 
	 extant literature. Indeed, estimations carried out on the entire sample 
	 do not provide statistically significant evidence of the expected 
	 labour-friendly nature of innovation. More in detail, neither R&D nor 
	 investment in innovative machineries and equipment (the so-called 
	 embodied technological change, ETC) turn out to have any significant 
	 employment effect. However, the job-creation impact of R&D expenditures 
	 becomes highly significant when the focus is limited to the high-tech 
	 firms. On the other hand - and interestingly - ETC exhibits its 
	 labour-saving nature when SMEs are singled out.
Classification-JEL: O33
Keywords: Innovation, R&D, Embodied Technological Change, Employment, GMM-SYS  
Series: UNU-MERIT Working Papers
Creation-Date: 20180611
Number: 2018-024
File-URL: https://unu-merit.nl/publications/wppdf/2018/wp2018-024.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2018024