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We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating...
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In recent years, China's economic growth model has started to undergo a fundamental shift away from an export … a more innovative, balanced and sustainable model, China's government has used a range of policies and other measures to … increase indigenous (i.e. China-based) innovation in an effort to turn China into a global leader in R&D and innovation. In …
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growth and innovation of China and India. The economic rise of China and India has changed the way the world does business … encourage growth. Brings together reporting and analysis on China's and India's emerging markets, from the reporters of the …
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We adopt the framework of Schumpeterian creative destruction formalized by Aghion et al. (2009) to analyze the impact of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit heterogeneous patterns of growth depending on their...
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