Does Import Competition Induce R and D Reallocation? : Evidence from the U.S. /

We analyze the impact of rising import competition from China on U.S. innovative activities. Using Compustat data, we find that import competition induces R and D expenditures to be reallocated towards more productive and more profitable firms within each industry. Such reallocation effect has the p...

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Détails bibliographiques
Auteur principal: Xu, Rui
Autres auteurs: Gong, Kaiji
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2017.
Collection:IMF Working Papers; Working Paper ; No. 2017/253
Accès en ligne:Full text available on IMF