evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel … model of firm entry, exit, investment, and production, we find that the scale of the policy was massive and boosted China …’s domestic investment, entry, and world market share dramatically. On the other hand, it created sizable distortions and led to …

between globalization and innovation does not differ across the manufacturing and service sectors …Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their …, vertical linkages with foreign firms, and international trade on several types of innovation by domestic firms. Using …

. Exploiting the exogenous component of rising trade with China and classifying legislator ideologies by congressional voting …

How global are the gains from innovation? When firms operate production plants in multiple countries, technological …-2008. Our estimates indicate that innovation increases performance at firm locations beyond the innovating site: the median U … operations understate multinationals' gain from innovation, and revealing a spatial disconnect between the costs and potential …

Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2007, we show that …

What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …

innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for … of openness on innovation incentives and productivity growth. Finally, our model predicts that a more globalized world …

of China into the world economy may hurt countries that are driven to specialize in production due to HMEs, although …The decline in the costs of multinational production (MP) has led some countries to specialize in innovation and others … advantage and home market effects (HME) that arise from the interaction between increasing returns to innovation and …