SHS Web Conf.
Volume 114, 2021VIII International Scientific Conference New Trends, Strategies and Structural Changes in Emerging Markets (NTSSCEM 2021)
|Number of page(s)||8|
|Published online||13 July 2021|
The linkage between innovation and labour market performance: some empirical evidence from the Nordic region
Peoples Friendship University of Russia (RUDN University), 6 Miklukho-Maklaya St, 117198 Moscow, Russian Federation
* Corresponding author: Balashovaemail@example.com
It is common knowledge that innovations are the drivers of economic growth. However, the direct relationship between innovation and socio-economic performance is questionable. In the article, we examine the linkage between innovation performance, measured by the Summary innovation index, and labour market indicators in Nordic countries, being the leaders of innovation performance and welfare states at the same time. The study shows that employment is growing among people with higher education with the improvement of innovation performance. At the same time, there is a large share of unemployed among low-skilled workers, which also tends to grow. The causality test analysis between Summary Innovation Index and labour statistics by Granger test for panel data does not reveal the causal relationships.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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