Küng, Lorenz; Li, Nicholas; Yang, Mu-Jeung - 2017 - This version: December 2017
How do firms in high-income countries adjust to emerging market competition? We estimate how a representative panel of … Canadian firms adjusts innovation activities, business strategies, and exit in response to large increases in Chinese imports …. Whether firms invest in process or product innovation matters: on average, the number of process innovations declines more …