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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| 格式: | 杂志 |
| 语言: | English |
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Washington, D.C. :
International Monetary Fund,
2017.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2017/253 |
| 在线阅读: | Full text available on IMF |