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DESCRIPTION:\n\nA surge\nof innovation often follows major episodes of trad
 e liberalization. This paper\nproposes a novel channel through which trade
  liberalization may encourage firm\ninnovations by largely removing policy
  uncertainties in the destination market.\nTo verify this linkage\, the au
 thors adopt a difference-in-differences approach\nto examine the impact of
  a reduction in trade policy uncertainty\, due to\nChina's WTO accession i
 n 2001\, on firm innovation activities. The authors find\nthat this uncert
 ainty reduction significantly encourages firms' patent\napplications\, inv
 estment in capital assets and imports of intermediate inputs.\n\n\n\nHong 
 Ma\nspecializes\nin International Trade and his research has been publishe
 d in the Economic\nJournal\, the Macroeconomic Dynamics\, the World Econom
 y\, and other journals.\nProfessor Ma holds a PhD in Economics from the Un
 iversity of California.
DTEND:20170417T210000Z
DTSTAMP:20260515T040143Z
DTSTART:20170417T200000Z
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SEQUENCE:0
SUMMARY:Trade\, Development and Political Economy Presents: Hong Ma - Trade
  Policy Uncertainty and Innovation
UID:RFCALITEM639144001033603836
X-ALT-DESC;FMTTYPE=text/html:<p>\n\n</p><p>A surge\nof innovation often fol
 lows major episodes of trade liberalization. This paper\nproposes a novel 
 channel through which trade liberalization may encourage firm\ninnovations
  by largely removing policy uncertainties in the destination market.\nTo v
 erify this linkage\, the authors adopt a difference-in-differences approac
 h\nto examine the impact of a reduction in trade policy uncertainty\, due 
 to\nChina's WTO accession in 2001\, on firm innovation activities. The aut
 hors find\nthat this uncertainty reduction significantly encourages firms'
  patent\napplications\, investment in capital assets and imports of interm
 ediate inputs.</p>\n\n\n\n<b>Hong Ma</b>\nspecializes\nin International Tr
 ade and his research has been published in the Economic\nJournal\, the Mac
 roeconomic Dynamics\, the World Economy\, and other journals.\nProfessor M
 a holds a PhD in Economics from the University of California.
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