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R&D Reactions to High-Technology Import Competition

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  • Scherer, F M
  • Huh, Keun
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    Abstract

    For a seventeen-year panel covering 308 U.S. manufacturers, the authors analyze companies' R&D spending reactions to changes in high-technology imports. On average, R&D/sales ratios were reduced in the short run as imports rose. Reactions tended to be more aggressive the more concentrated the markets were in which the firms operated, when company R&D operations were multinational, and with greater company size and diversification. Reactions were less aggressive when special trade barriers had been erected. Reactions became more aggressive over the longer run. Copyright 1992 by MIT Press.

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    Bibliographic Info

    Article provided by MIT Press in its journal Review of Economics & Statistics.

    Volume (Year): 74 (1992)
    Issue (Month): 2 (May)
    Pages: 202-12

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    Handle: RePEc:tpr:restat:v:74:y:1992:i:2:p:202-12

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    Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535

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    Cited by:
    1. Elango, B. & Pattnaik, Chinmay, 2013. "Response strategies of local firms to import competition in emerging markets," Journal of Business Research, Elsevier, vol. 66(12), pages 2460-2465.
    2. Mark Rogers, 2004. "Competition, agency and productivity," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 11(3), pages 349-367.
    3. James D Adams & Suzanne Peck, 1994. "A Guide To R&D Data At The Center For Economic Studies U.S. Bureau Of THe Census," Working Papers 94-9, Center for Economic Studies, U.S. Census Bureau.

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