Firm Employment Growth, R&D Expenditures and Exports
35 Pages Posted: 27 Jun 2016
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Firm Employment Growth, R&D Expenditures and Exports
Date Written: June 27, 2016
Abstract
This paper studies firms’ decisions to export and invest in R&D and their effects on employment growth and labor flows for a sample of Italian SMEs operating in the manufacturing industry. After accounting for the under-reporting of R&D in SMEs, our quantile regressions reveal that:
(i) R&D is associated with higher employment growth rates, higher hiring rates and lower separation rates;
(ii) R&D-induced exports are negatively related to employment growth and accessions and positively related to separations; and
(iii) pure exports are not a driver of employment growth and labor flows.
Keywords: Exports, R&D, Firm Growth, Quantile Regression
JEL Classification: J63, M51, O31, F14
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