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 Chines...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 result holds after a battery of identification assumptions and robustness checks are considered.The import channel explains about two thirds of the effect of IPU on innovation,but not all of the effect.Finally,this paper examines the effect across firms of different levels of productivity and ownership types and patents of different categories.展开更多
1. Local ContentPolicy The approaches of combining the tax revenue preference of import tariff with the localization rate are performed first for the car products during the proceedings of accepting and using the adva...1. Local ContentPolicy The approaches of combining the tax revenue preference of import tariff with the localization rate are performed first for the car products during the proceedings of accepting and using the advanced technologies introduced from foreign countries and the proceeding of localization promoted by our展开更多
基金the National Natural Science Foundation of China(Nos.72173132,72173100,and 72003193)SWUFE Jiaozi Institute of Fintech Innovation(No.cgzh20210202).
文摘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 result holds after a battery of identification assumptions and robustness checks are considered.The import channel explains about two thirds of the effect of IPU on innovation,but not all of the effect.Finally,this paper examines the effect across firms of different levels of productivity and ownership types and patents of different categories.
文摘1. Local ContentPolicy The approaches of combining the tax revenue preference of import tariff with the localization rate are performed first for the car products during the proceedings of accepting and using the advanced technologies introduced from foreign countries and the proceeding of localization promoted by our
