Do firms that create intellectual property also create and sustain more good jobs? Evidence for UK firms, 2000-2006
A common assumption in innovation policy circles is that creative and inventive firms will help to sustain employment and wages in high wage countries. The view is that firms in high cost production locations that do not innovate are faced with loss of market share from import competition, so jobs move to producers in developing countries with lower labour costs. Domestic firms are encouraged to innovate, and to obtain intellectual property assets to protect their innovations, so that they can sustain local employment and pay high wages. Policies to subsidise R&D and to encourage intellectual property protection are partly justified on these grounds. Nevertheless the available evidence concerning the employment and wage benefits of such activity is rather sparse.
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