Employment Growth in Europe:The Roles of Innovation, Local Job Multipliers and Institutions

M. Goos, Jozef Konings, Marieke Vanderweyer

    Research output: Working paperAcademic

    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 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.
    Original languageEnglish
    PublisherUU USE Tjalling C. Koopmans Research Institute
    Publication statusPublished - 2015

    Publication series

    NameTKI Discussion paper series
    No.10
    Volume15
    ISSN (Electronic)2666-8238

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