This chapter reviews the empirical economics literature on the impact of trade liberalization
on firms' innovation-related outcomes. We define and examine four types of shocks to trade …

In principle, firms in develo** countries benefit from the fact that advanced technologies
and products have already been developed in industrialized countries and can simply be …

Geo‐political tensions and disruptions to global value chains have led policymakers to re‐
evaluate their approach to globalisation. Many countries are considering friendshoring …

This paper investigates the effect of export shocks on innovation. On the one hand a positive
shock increases market size and therefore innovation incentives for all firms. On the other …

Corporate innovation is an increasingly important topic that has attracted great attention from
academic researchers in financial economics in recent years. Although the top three finance …

We provide a review of the recent literature–both theoretical and empirical–analyzing the
multi-dimensional connections between globalization and innovation. We develop a model …

How do import tariffs and R&D subsidies help domestic firms compete globally? How do
these policies affect aggregate growth and economic welfare? To answer these questions …

This study proposes a novel channel through which trade liberalization may induce
innovation through the reduction of trade policy uncertainties (TPU) in destination markets …

We analyze how demand conditions faced by a firm in its export markets affect its innovation
decisions. We exploit exogenous firm-level export demand shocks and find that firms …

Based on a sample of Chinese A-share listed companies from 2010 to 2020, we find that
ESG divergence motivates companies to engage in green innovation patent applications …