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This paper studies the effect of RMB exchange rate changes on corporate innovation in China, considering the innovation quantity and quality. First, we show that RMB exchange rate appreciation can increase most corporates' innovation quantity and quality. Specifically, the RMB exchange rate...
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This paper analyzes the impact of RMB exchange rate changes on corporate innovation quantity and quality in China. We show that RMB exchange rate appreciation can increase corporate innovation quantity and quality. Specifically, the RMB exchange rate appreciation improves the corporate...
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