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balance sheet indicators. Conditional difference-in-difference estimation confirms that the innovation policy of China s …
Persistent link: https://www.econbiz.de/10010488541
the country to target the world as its market. This research discusses the role of international trade in China's economic … growth. It starts with a review of conceptions as well as the evolution of China's international trade regime and the policy … that China has taken in favor of trade sectors. In addition, China's international trade performance is analyzed …
Persistent link: https://www.econbiz.de/10013138732
and China on exports of China and US respectively, so far. We use a CARD trade war tariffs dataset, UNCTAD TRAINS dataset …, Effect of tariff imposed by China on US export values is more than effects of tariff imposed by US on China's export values …. On an average, for one percent point rise in tariff rate, US exports to China may fall by 1.6 times more than Chinese …
Persistent link: https://www.econbiz.de/10012833184
concern over the "Trade War" between the US and China. We evaluate the market responses to this event for firms in both … countries, depending on their direct and indirect exposures to US-China trade. US firms that are more dependent on exports to … and imports from China have lower stock and bond returns but higher default risks in the short time window around the …
Persistent link: https://www.econbiz.de/10011927558
establishing more social networks in China post-PNTR. Overall, this paper reveals that targets with complementary knowledge in …We exploit the U.S. grant of Permanent Normal Trade Relations (PNTR) status to China as a quasi-policy shock to … corporate demand for targets with China-related business experience, and investigate how such a shock affects U.S. acquirers …
Persistent link: https://www.econbiz.de/10013309377
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies investigated the effect of dozens of regressors on long-term growth, but they did not examine the...
Persistent link: https://www.econbiz.de/10009152586
stimulating research activity of firms, had positive effects on intangible investments and capital, but this new knowledge does …
Persistent link: https://www.econbiz.de/10011550694
Tax changes are often announced before their implementation and are not permanent, but rather only temporary. Accordingly, R&D firms will optimally adjust their investment decisions to fit tax schedule changes. This study analyzes how changes in various tax rates relevant to corporate activities...
Persistent link: https://www.econbiz.de/10010396081
We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War era Space Race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending. Our results demonstrate that public R&D...
Persistent link: https://www.econbiz.de/10014322858
Persistent link: https://www.econbiz.de/10010478672