Does R&D investment drive employment growth? Empirical evidence at industry level from Japan
基于日本33个行业的企业面板数据，研究发现研发活动对就业有正向影响，尤其在制造业中更显著，且影响因行业常规强度而异，为政策制定者设计支持技术发展的经济策略提供参考。
Abstract Strong demographic headwinds have motivated Japan to strengthen its economy by fostering innovation. This paper draws on a panel of business enterprises operating in 33 industries in Japan to examine how research and development (R&D) activities affect employment. Our findings suggest that employment gains are associated with innovation, both at the aggregate level and within groups of major industries. The positive impact of technological advancement is more pronounced in the manufacturing sector. The results reveal heterogeneous patterns of the key determinants of employment growth based on the level of industries' routine intensity, but they accord well with the compensation theory concerning the connection between innovation and job creation. These results will be of interest for policymakers to design targeted economic strategies by supporting technological development in Japan and could also serve as a compass for other countries with similar workforce structures and macroeconomic characteristics.