Series: IMF Working Papers
Author(s): Konrad Adler , JaeBin Ahn , and Mai Chi Dao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 18 January 2019
Keywords: International trade, cash holdings, R&;D, R&;amp;#x0026;D, Models of Trade with Imperfect Competition and Scale Economies
We document a broad-based trend in rising cash holdings of firms across major industrialized countries over the last two decades, a trend that is most pronounced for firms engaged strongly in R&D activities. Our co...