Prof. Marco Vivarelli will give a seminar based on two of his articles with title “A reappraisal of the impact of Corporate R&D and Innovation on Employment”.
Marco Vivarelli is Full Professor of Economics at the Università Cattolica del Sacro Cuore in Milano, where he is also Director of the Institute of Economic Policy. His current research interests include the relationship between innovation, employment and skills; the labour market and income distribution impacts of globalization; the entry and post-entry performance of newborn firms.
Date: 7th of June: 14.00-15.00
Place: Sölvegatan, 16, MNO-huset, CIRCLE, M213
Abstract (of one of the article to be discussed) : 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 labor-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 labor-saving nature when SMEs are singled out.
Practical: The seminar is held in CIRCLE Seminar Room, it is open for everyone and there is no need to register. In case you don’t have the access card for our building, please let us know (or simply ring us on the entrance doorbell).
/Claudio Fassio (firstname.lastname@example.org) and Polina Knutsson (email@example.com)