R&D expenditures and employment: a microeconometric analysis

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dc.authoridERTUGRUL, Hasan Murat/0000-0001-9822-4683
dc.authoridDoruk, �mer Tu�sal/0000-0002-2382-1042
dc.contributor.authorElitas, Zeynep
dc.contributor.authorDoruk, Omer Tugsal
dc.contributor.authorErtugrul, Hasan Murat
dc.date.accessioned2026-02-27T07:33:12Z
dc.date.available2026-02-27T07:33:12Z
dc.date.issued2025
dc.description.abstractA significant body of literature agrees on that the impact of innovation and R&D on productivity is positive since empirical research consistently demonstrate that investment in innovation enhances efficiency, improves product quality, and boosts competitiveness. However, the emergence of a 'new economy' driven by information and communication technologies (ICT) has reignited the longstanding debate regarding the potentially detrimental impact of innovation on employment. This study aims to investigate the effect of R&D expenditures on employment. Using panel data analyses, the effect of R&D on employment generation is examined within a highly representative sample. By using a unique panel dataset covering Standard and Poor's 500 (S&P 500) non-financial firms, we show whether R&D expenditures have an employment generation effect over the 1984-2024. The findings demonstrate that R&D activities exert a positive effect on employment generation. Consequently, these results align with the existing literature on the employment-enhancing role of R&D expenditures. The contribution of this study to the current body of research lies in its examination of the R&D-employment relationship through a particularly representative sample of S&P 500 firms, which are among the top global spenders on R&D. We conclude that these results remain robust across various robustness checks.
dc.identifier.doi10.1080/13504851.2025.2486724
dc.identifier.issn1350-4851
dc.identifier.issn1466-4291
dc.identifier.urihttp://dx.doi.org/10.1080/13504851.2025.2486724
dc.identifier.urihttps://hdl.handle.net/20.500.14669/4485
dc.identifier.wosWOS:001457219900001
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofApplied Economics Letters
dc.relation.publicationcategoryMakale - Uluslararas� Hakemli Dergi - Kurum ��retim Eleman�
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20260302
dc.subjectR&D
dc.subjecttechnological change
dc.subjectemployment
dc.subjectThe US nonfinancial firms
dc.subjectfirm-level analysis
dc.titleR&D expenditures and employment: a microeconometric analysis
dc.typeArticle; Early Access

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