کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5066379 | 1476774 | 2017 | 16 صفحه PDF | دانلود رایگان |
This paper investigates the relationship between imports and innovation by importing firms. We first construct a theoretical model in which imports stimulate innovation through cost-reducing knowledge spillovers. We then employ a combined micro dataset of Chinese manufacturing firms to estimate the effects of imported intermediates on the firm's R&D investment. The dataset allows us to construct firm-year level instruments for importing and exporting that are uncorrelated with the innovation decision of the firm. Our estimations find that: (1) importing intermediates tends to increase importing firms' R&D intensity; and that (2) exporting also increases importing firms' R&D intensity. Examining the channels through which importing affects innovation, we find that importing from high-income sources has a greater impact on innovation. High-tech firms tend to experience greater increases in innovation intensity, as do private firms. Our results are supported by a series of robustness checks.
Journal: European Economic Review - Volume 94, May 2017, Pages 205-220