报告题目：Firm Innovation and Foreign Investment Deregulation: Theory and Evidence from China's Patents
报 告 人：Dr. Bo Gao（Loughborough University）
This presentation studies whether foreign investment deregulation promotes firm innovation in a difference-in-differences setting. A theoretical framework with both spillover and competition effects from more foreign firms induced by foreign investment is built to guide the empirical evaluation. Exploiting the data on Chinese firm-level patents and the policy of foreign investment deregulation in a difference-in-differences setting, a significantly positive impact of foreign investment deregulation on firm innovation is found. Moreover, there is a robust heterogeneity that the impact is prominent in the firms with high productivity while being insignificant in the firms with low productivity, which is consistent with the theoretical framework.
Dr. Gao is an assistant professor in Economics in Loughborough University in UK. Before joining Loughborough University in 2018, he completed his Ph.D in Economics in Newcastle University in 2016 and worked at Durham University in UK. He received his Bachelor and Master degrees from Southeast University in China. His Ph.D study is fully-funded by Economic and Social Research Council (ESRC) Scholarship in UK. His research interest is in the areas of international trade and applied microeconometrics. His research has been published (or forthcoming) in Review of International Economics, China Economic Review, World Economy, Review of World Economics. Nominated by European Economic Association, he is an attendant of 5th Lindau Nobel Laureate Meeting on Economic Sciences in 2014.