| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10666 |
| DP10666 Can Innovation Help U.S. Manufacturing Firms Escape Import Competition from China? | |
| Johan Hombert; Adrien Matray | |
| 发表日期 | 2015-06-21 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We study whether R&D-intensive firms are more resilient to trade shocks. We correct for the endogeneity of R&D using tax-induced changes to the cost of R&D. On average across US manufacturing firms, rising imports from China lead to slower sales growth and lower profitability. These effects are, however, significantly smaller for firms with a larger stock of R&D -- by about half when moving from the 25th percentile to the 75th percentile of the R&D stock distribution. As a result, while the average firm in import-competing industries cuts capital expenditures and employment, R&D-intensive firms downsize considerably less. |
| 主题 | Industrial Organization ; International Trade and Regional Economics |
| 关键词 | China Import competition Innovation R&d tax credit |
| URL | https://cepr.org/publications/dp10666 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539498 |
| 推荐引用方式 GB/T 7714 | Johan Hombert,Adrien Matray. DP10666 Can Innovation Help U.S. Manufacturing Firms Escape Import Competition from China?. 2015. |
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