"The book explores how technological competition is linked to the geopolitical contest between the US and China, and why Europe and the European Union (EU) have become involved in this competition for technological supremacy. China's political and economic rise, the concurrent US withdrawal from...

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...