Abstract
In this study, we empirically analyze the effect of environmental technology innovation on firms' employment. Using the data on manufacturing sector from the 2016 and the 2018 Korea Innovation Survey, we analyze whether employment growth is different for firms engaged in environmental technology innovation and non-environmental technology innovation. The estimation results suggest that both environmental and non-environmental product innovation have positive effects on employment. Moreover, the employment effect of environmental product innovation is not significantly smaller than that of non-environmental product innovation. In contrast to product innovation, non-environmental process innovation has no employment effect, while environmental process innovation increases employment. The decomposition of total employment growth shows that, despite the positive employment effects of environmental technology innovation, its contribution to total employment growth is small.
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