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    International Trade and R&D Investment: Evidence from Chinese Manufacturing Firms

    Access Status
    Fulltext not available
    Authors
    Zhou, Yixiao
    Song, L.
    Date
    2016
    Type
    Journal Article
    
    Metadata
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    Citation
    Zhou, Y. and Song, L. 2016. International Trade and R&D Investment: Evidence from Chinese Manufacturing Firms. China & World Economy. 24 (1): pp. 63-84.
    Source Title
    China & World Economy
    DOI
    10.1111/cwe.12144
    School
    Department of Economics & Property
    URI
    http://hdl.handle.net/20.500.11937/16990
    Collection
    • Curtin Research Publications
    Abstract

    A current concern for China's long-term growth prospect is whether China can become an innovative economy and achieve industrial upgrading to compensate for the gradually declining competitiveness resulting from low-cost labor. The present study examines this issue by exploring how trade participation impacts on the R&D investment of manufacturing firms through various channels. Merging China's Annual Manufacturing Survey Dataset and the Chinese Customs Dataset allows us to study such a relationship at the individual firm level. The empirical results suggest that channels such as geographical diversification of export markets, share of imports from high-income countries, average unit value of imports, number of intermediate goods and capital goods imports, and the trade regime are significant factors that influence firm-level R&D investment. The study discusses the policy implications of the empirical findings in relation to industrial and trade policies that may be potentially beneficial for China's transition towards an innovative economy.

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