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|z 9781484326008
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Xu, Rui.
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|a Does Import Competition Induce R and D Reallocation? :
|b Evidence from the U.S. /
|c Rui Xu, Kaiji Gong.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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|a 1 online resource (44 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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 potential to offset the average drop in firm-level R and D identified in the previous literature. Indeed, our quantitative analysis shows no adverse impact of import competition on aggregate R and D expenditures. Taking the analysis beyond manufacturing, we find that import competition has led to reallocation of researchers towards booming service industries, including business and repairs, personal services, and financial services.
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|a Mode of access: Internet
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|a Gong, Kaiji.
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|a IMF Working Papers; Working Paper ;
|v No. 2017/253
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2017/253/001.2017.issue-253-en.xml
|z IMF e-Library
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