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Economies 2017, 5(4), 48;

Do Technological Innovations Affect Unemployment? Some Empirical Evidence from European Countries

Department of Economics, Šiauliai University, Šiauliai LT-77156, Lithuania
Department of Economics, Vytautas Magnus University, Kaunas LT-44246, Lithuania
Author to whom correspondence should be addressed.
Received: 16 October 2017 / Revised: 25 November 2017 / Accepted: 28 November 2017 / Published: 7 December 2017
(This article belongs to the Special Issue Innovation and Economic Development)
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This paper analyses theoretical and empirical scientific literature about the impact of technological innovations on unemployment, considering the former as a key driver of long-term productivity and economic growth. Using panel data from 25 European countries for the period of 2000–2012, we aim to examine whether technological innovations affect unemployment. We used triadic patent families per million inhabitants as our main proxy for technological innovations, as well as other unemployment controls, in our model, which were estimated using System Generalized Method of Moments (SGMM). Finding no significant relationship between technological innovations and unemployment in our base estimation, we re-estimated it testing the impact with a time lag as well as using alternative proxies for technological innovations. Overall, the research estimations do not suggest that technological innovations have an effect on unemployment. View Full-Text
Keywords: technological innovations; unemployment; triadic patent families technological innovations; unemployment; triadic patent families
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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Matuzeviciute, K.; Butkus, M.; Karaliute, A. Do Technological Innovations Affect Unemployment? Some Empirical Evidence from European Countries. Economies 2017, 5, 48.

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