innovation activity in China. The results of the analysis suggest that private and collectively owned firms with foreign capital … contrast, better access to credit is an important channel through which FDI affects the innovation of domestic private and …

differential taxation incentives offered to foreign investors. Far from crippling innovation, divestment has sparked an increase in … patent applications – including higher end invention patents – and other innovation measures. Together with robustness checks …, our estimations suggest a real improvement in innovation rather than just a window‐dressing exercise. We suggest that one …