主 題： Signaling or Productivity Improving? Evidence from Importing Foreign Technology
主講人： 譚用 副教授 南京財經(jīng)大學國際經(jīng)貿學院
主持人：茹玉驄 教授 上海對外經(jīng)貿大學國際經(jīng)貿學院
時 間：2021年12月17日（星期五） 19:00-20:30
地 點：騰訊會議ID：210 825 504
主 辦：上海對外經(jīng)貿大學國際經(jīng)貿學院 國際經(jīng)濟與貿易系
主講人簡介
譚用，美國范德堡大學（Vanderbilt University）經(jīng)濟學博士學位，范德堡大學研究員和南京財經(jīng)大學副教授，研究領域是國際貿易，企業(yè)動態(tài)，運用微觀及計量經(jīng)濟學。目前已經(jīng)在International Economics Review，Journal of Economic Behavior & Organization，Southern Economic Journal，World Economics, China Economic Review，Economic Modelling、《世界經(jīng)濟》、《中國工業(yè)經(jīng)濟》等國內外優(yōu)秀期刊發(fā)表論文多篇，并擔任American Economic Journal, Review of International Economics、《經(jīng)濟研究》、《世界經(jīng)濟》等國際國內知名期刊匿名審稿人。
摘要
Firm-level R&D could improve firm-level profitability through two main channels: 1. R&D activities lead to innovations which increase firm-level productivity; 2. R&D generates patents which signal firm-level unobservable attributes. In this paper, we first document a series of stylized facts to show (1). foreign-imported patents exhibit signaling effect which shift up firm-level idiosyncratic demand in exporting markets; (2) domestic-oriented R&D are more efficient in improving firm-level productivity. We next establish a structural model in which each domestic firms endogenously choose its R&D regime, optimal R&D investments, pricing and exporting decisions, etc, to rationalize the stylized facts. We then calibrate the key parameters of the structural model and conduct a number of counterfactual analyses. Our counterfactual analyzes indicate that (a). an increase in international trade cost increase firm-level innovation performance; (b). a fall in intra trade cost improves innovation performance but a particular low intra trade cost lowers average TFP; (c). a decrease of signaling effect first lowers domestic firm’s innovation performance and then increases it.