Innovation, Employment Growth, and Foreign Ownership of Firms - A European Perspective

摘要: This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth. The empirical analysis, based on the model of Harrison, Jaumandreu, Mairesse Peters (2008) CIS data for 16 countries, reveals important differences between two groups: Due to general productivity increases process innovation, experience higher job losses than firms. At same time, employment-creating effects product are larger Together with employment-stimulating stemming from existing products, they overcompensate negative displacement resulting in net growth However, turns out be smaller