The Job-Creation Effect of Patents: Some Evidence from European Microdata

29 Pages Posted: 27 Apr 2016

See all articles by Vincent Van Roy

Vincent Van Roy

KU Leuven

Daniel Vertesy

Joint Research Center of the European Commission

Marco Vivarelli

Universita Cattolica del Sacro Cuore, Milano; IZA Institute of Labor Economics

Date Written: April 2016

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

JEL Classification: O31, O33

Suggested Citation

Van Roy, Vincent and Vertesy, Daniel and Vivarelli, Marco, The Job-Creation Effect of Patents: Some Evidence from European Microdata (April 2016). Available at SSRN: https://ssrn.com/abstract=2770525 or http://dx.doi.org/10.2139/ssrn.2770525

Vincent Van Roy (Contact Author)

KU Leuven ( email )

Oude Markt 13
Leuven, Vlaams-Brabant 3000
Belgium

Daniel Vertesy

Joint Research Center of the European Commission

Via E. Fermi 2749
1049
Belgium

Marco Vivarelli

Universita Cattolica del Sacro Cuore, Milano ( email )

Largo Gemelli 1
Milano, 20123
Italy

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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