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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 R&D cost. While rising imports from China lead to slower sales growth and lower profitability, these effects are significantly smaller for firms with a...
Persistent link: https://www.econbiz.de/10010502057
behavioural economics, compared with that of classical rational choice theory, to account for successful interventions. After …
Persistent link: https://www.econbiz.de/10010502145