Filippetti, Andrea and Guy, Frederick (2012) Skills, social insurance, and changes in innovation investment after the onset of the financial crisis in Europe. Working Paper. Birkbeck College, University of London, London, UK.
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Abstract
This paper compares investments in innovation from the early days of the financial crisis up to mid 2009 using a survey covering more than 5,000 firms across twenty one European countries. Our interest is in how differences in labour market institutions and human capital affect a firm’s innovation investment during the recent financial crisis. We find that continuity of investment in innovation in Europe during the onset of the financial crisis in 2008-9 was strongest in countries which have both high earnings replacement rates and high participation in vocational education and training; countries with just one were more likely to see reduced innovation, while we find no effect (either positive or negative) from job security.
Metadata
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | CIMR Research Working Paper Series, Working Paper No. 7 ISSN: 2052-062X |
| Keyword(s) / Subject(s): | varieties of capitalism; labour market institutions; skills; innovation investment; financial crisis; EU labour market; comparative studies |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Research Centres and Institutes: | Innovation Management Research, Birkbeck Centre for |
| Depositing User: | Administrator |
| Date Deposited: | 15 Oct 2013 13:46 |
| Last Modified: | 10 Aug 2024 21:57 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/8470 |
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