Does Import Competition Induce R&D Reallocation? Evidence from the U.S.

Does Import Competition Induce R&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&D expenditures to be reallocated towards more productive and more profitable firms within each industry. Such reallocation effect has the potential to offset the... READ MORE...

Publication date: November 2017
ISBN 9781484326008
$18.00

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