Import Policy Uncertainty and Innovation
作者：
Lingshan Chen;Yunong Li;Qian Xie*;Mao Zhou;Lingshan Chen Lingshan Chen Lingshan Chen;...
通讯作者：
Qian Xie;Qian Xie Qian Xie Qian Xie
作者机构：
PhD, School of International Business, Southwestern University of Finance and Economics (SWUFE), China
Professor, School of International Business, SWUFE, China
Associate Professor, Institute of Economics, Chinese Academy of Social Sciences, China
通讯机构：
Associate Professor, Institute of Economics, Chinese Academy of Social Sciences, China
语种：
英文
期刊：
中国与世界经济：英文版
ISSN：
1671-2234
年：
2024
卷：
32
期：
1
页码：
197-230
基金类别：
National Natural Science Foundation of China [72173132, 72173100, 72003193]; SWUFE Jiaozi Institute of Fintech Innovation [cgzh20210202
摘要：
The Chinese government has emphasized innovation as the primary driving force for economic development in the new era. This paper studies the effect of import policy uncertainty (IPU) on the innovation activity of Chinese manufacturing firms. It establishes a simple model to show that the presence of IPU encourages innovation and that a reduction in IPU discourages innovation. It distinguishes the almost unnoticed IPU reduction from tariff reduction on China's WTO accession and develops a novel difference-in-differences specification that identifies the negative effect of IPU reduction on innovation using updated data for Chinese manufacturing and patent filings. The resu...
