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

European Commission Joint Research Center

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

European Commission Joint Research Center

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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