The linkage between innovation and labour market performance: some empirical evidence from the Nordic region

It is common knowledge that innovations are the drivers of economic growth. However, direct relationship between innovation and socio-economic performance questionable. In article, we examine linkage performance, measured by Summary index, labour market indicators in Nordic countries, being leaders welfare states at same time. The study shows employment growing among people with higher education improvement performance. At time, there a large share unemployed low-skilled workers, which also tends to grow. causality test analysis Innovation Index statistics Granger for panel data does not reveal causal relationships.