ITEM METADATA RECORD
Title: Employment Growth in Europe: The Roles of Innovation, Local Job Multipliers and Institutions
Authors: Goos, Maarten
Konings, Joep
Vandeweyer, Marieke
Issue Date: 2015
Publisher: KU Leuven VIVES
Series Title: VIVES discussion paper, 2015/50 pages:1-40
Abstract: This paper shows that high-tech employment - broadly defined as all workers in high-tech sectors but also workers with STEM degrees in low-tech sectors - has increased in Europe over the past decade. Moreover, we estimate that every high-tech job in a region creates
five additional low-tech jobs in that region because of the existence of a local high-tech job multiplier. The paper also shows how the presence of a local high-tech job multiplier results in convergence between Europe's regions. That is, employment in Europe's lagging regions is
becoming more similar to Europe's high-tech hubs. However, our estimates suggest that this convergence is happening at a glacial pace, and some suggestive evidence is presented that lifting several institutional barriers to innovation in Europe's lagging regions would speed up convergence leading to faster high-tech as well as overall employment while also addressing Europe's regional inequalities.
Publication status: published
KU Leuven publication type: IR
Appears in Collections:VIVES (Research Centre for Regional Economics), Leuven
Research Center of Monetary and Information Economics, Leuven

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