Archives du séminaire GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/06/2023 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
Recent literature has argued that current tariffs cause an increase in CO2 emissions. Tariff levels are negatively correlated with direct and indirect CO2 emissions intensity per dollar of output, according to 2007 data. Is this carbon bias of trade an important gap in climate policy? This paper uses a quantitative trade model and the most recent trade and tariff data to confirm the existence of this bias between 2007 and 2019. This paper also integrates other GHG in the analysis, which reduces the bias substantially. Removing the bias by applying the same tariff for all goods in each bilateral relationship results in a reduction in GHG emissions of 0.6 to 1.4% depending on the year and model specifications. This bias can be broken down by sectoral origin. Low fossil fuel tariffs account for most of the effect, while tariffs applied to agriculture, brown industries and other sectors account for less than a quarter of the effect. Moreover, in non-producer countries, taxes on fossil fuels are equivalent to tariffs. If these taxes are integrated in the analysis, the bias entirely disappears. These findings suggest that removing the carbon bias of import tariffs may not be a priority for environmental policy-making.
Salib Youssef (PSE) Carbon bias of tariffs: are fossil fuels the culprits?
Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/06/2023 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
Cosentino Pol, Abdelsalam Farida (PSE) TBATexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/06/2023 de 00:00:00 à 00:00:00
Maison des Sciences Economiques, Salle 116
Trade liberalization creates incentives for firms to upgrade domestic and foreign technology, embodied in imported intermediate and capital goods, which play a central role in the economic growth of developing countries. Firms require access to financial resources to pay the fixed cost of technology upgrading and sourcing foreign inputs from abroad. This paper investigates the micro-economic effects of input-trade liberalization on firms’ demand of external finance. Relying on firm-level data during India’s trade liberalization episode in the early 1990s, we present novel evidence on the relationship between exogenous changes in input tariffs across industries over time and within-firm changes in borrowings. We demonstrate that firms sourcing inputs from abroad and producing in industries that have experienced greater input tariff reductions experienced a higher increase in borrowings. This empirical finding is robust to alternative specifications that control for other reforms, and industry and firm characteristics.
Abdelsalam Farida (CES, Paris-1) The effect of input-trade liberalization on firms' borrowings
Maris Bas (Paris 1)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 13/03/2023 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
This paper examines the effect of environmental provisions in preferential trade agreements (PTAs) on firms’ exports, relying on evidence from Egyptian firm-level data during the period 2005-2016. The study relies on a gravity-type model to estimate the effect of environmental provisions in PTAs on the intensive trade margin (measured by the value of exports), using a Poisson-Pseudo Maximum Likelihood technique to account for the large share of zero trade flows. The paper also examines the effect on the extensive margin (measured by firm export probability, number of exported products per firm and destination, as well as entry and exit probabilities). Results show that the inclusion of environmental provisions in PTAs has a significant effect on both the intensive and extensive margins of trade. They increase the value of exports, the firm export participation, the firm entry probability, and the number of exported products by firm. At the same time, they reduce the firm exit probability. The effect of environmental provisions is more pronounced when they are supported by more than one enforcement mechanism. Moreover, the results of the intensive margin indicate that environmental provisions can stimulate exports of green products by Egyptian firms. However, they are not effective in hindering exports of dirty products, as the effect on the value of dirty exports was found to be also positive.
Hazem Nada (CES - Cairo University) Environmental provisions in trade agreements and firms’ performance: Evidence from Egyptian Firm-Level DataTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 06/03/2023 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
Moreno Heddie (CES - Cairo University) TBATexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 20/02/2023 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
Food certification schemes have many different objectives. But for producers all hold the same implicit promise of increased profits through recognition of the certified attributes, especially on increasingly globalized markets. Yet, the effect of agricultural certifications on export outcomes remains largely unexplored. In this paper, I analyze the effect of GlobalGAP – the world’s largest agricultural certification scheme which certifies food safety – on export outcomes for the case of Chilean agricultural exports. I bring to bear detailed data on exports, GlobalGAP certification and producers for the universe of Chilean agricultural exports over a period of 13 years at the regional level. GlobalGAP certifications are highly correlated with regional export outcomes such as value, quantity, the number of exporters and the number of destinations. Potential mechanisms such as product shifts, destination country shifts, selection into certification and shifts in contract terms are explored.
Abele Christian (CES - Cairo University) GlobalGAP Certification and Chilean Fruit Exporting
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 06/02/2023 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
We provide microeconomic evidence on the effect of transportation infrastructure in shaping individuals' opportunities. We use the expansion of the railway network in the 19th century United-States and individual-level longitudinal data. Exploiting time-variation in railroad connectivity in a DiD fashion, we document substantial shifts in the local economic activities at the county-level. These changes in the occupational structure primarly benefited the youngest cohorts, suggesting for intergenerational mobility effects. We implement a gravity framework to further investigate the underlying role of geographic mobility and local opportunities in promoting social mobility.
Castiello Maxence (CES - Cairo University) Railroads, Geographic and Social Mobility: Evidence from Nineteen Century America
Clément Bosquet (CES)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 23/01/2023 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
This paper studies how « conflict minerals » trade flows react to due diligence policies imposing sourcing guidelines for importers, in the presence of legal havens. Dodd-Frank Act Conflict Mineral Rule (2010) imposed sourcing disclosure and name and shame for U.S. importers using 3T (tantalum, tin and tungsten) from conflict areas in Democratic Republic of the Congo and adjoining countries. Comparing targeted bilateral trade flows to non-targeted products exporters within the structural gravity framework, I find that this policy decreased targeted countries 3T exports value, creating a new trade barrier for targeted countries. However, 3T flows are diverted to legal havens. Legal havens are countries adopting laws allowing economic agents to « hide illicit activity and to exempt themselves from legal obligations linked to their economic activities ». After the Dodd-Frank Act, D.R.C. and neighboring countries export share of 3T to legal havens increases. 3T trade flows also increase from legal havens to the United States after 2010, which could point to regulation avoidance.
Moreau-Kastler Ninon ((Université Paris-Saclay, CEPS)) Due Diligence and Legal Havens: Conflict Minerals Exports in Africa’s Great Lake RegionTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/01/2023 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
In this preliminary work, I provide a first empirical analysis of the intracity effect of Working From Home (WFH) on office property markets at the municipality level in the Paris metropolitan area, by taking advantage of the Covid-19 crisis as a natural experiment. In addition, I similarly explore the impact on local consumer services as another dimension of the consequences of the rise of WFH.
Denagiscarde Olivier ((Université Paris-Saclay, CEPS)) Working From Home and Business Districts: Evidence From the Paris Metropolitan AreaTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/12/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
Zuniga-Cordero Alvaro ((Université Paris-Saclay, CEPS)) TBA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/12/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
Denagiscarde Olivier ((Université Paris-Saclay, CEPS)) TBATexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 06/12/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
There is a growing concern that workers reallocate quite slowly after certain structural shocks, e.g. trade liberalization episodes or automation. This contrasts with the predictions of the textbook random search model model, which suggest relatively fast recovery (in the month scale) after shocks. In this paper, I take a network perspective of the economy’s occupational structure and demonstrate how the network structure leads to a slowing-down of the worker reallocation dynamics. In the proposed framework, occupations are connected if transitions between them are feasible, and not connected otherwise. I make two contributions. First, I find that the occupational network is very sparse, hinting at large frictions to occupational mobility, and that there exists central bottleneck occupations which can block the reallocation process. Second, I extend the textbook random search and matching model with an occupational network, and I study worker reallocation dynamics after permanent asymmetric productivity shocks. I have three main findings: 1) worker reallocation dynamics is significantly more sluggish than in the textbook model, 2) the average transition rate - a traditional measure of reallocation intensity - is not informative about the speed of worker reallocation, and 3) the job finding rate in central occupations is a key determinant of reallocation speed. This has important implications for public policy, in particular regarding the targeting of employment subsidies or training schemes.
Bocquet Leonard ((Université Paris-Saclay, CEPS)) The Network Origin of Slow Labor ReallocationTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 21/11/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
Local weather shocks have been shown to affect local economic output, however, little is known on whether they propagate through production networks. Using a six-sector cross-country dataset over the past fifty years, this paper examines the effect of weather fluctuations and extreme weather events on sectoral economic output and the propagation of weather shocks across sectors, countries and over time. First, I document that agriculture is the most harmed sector by heat shocks, droughts and cyclones. Second, using input-output interlinkages, I find that sectors at later stages of the supply chain suffer from substantial and persistent losses over time due to domestic and foreign heat shocks in other sectors, mostly propagating downstream. Point estimates are economically large, suggesting that indirect losses due to sectoral spillovers are an important component of the total economic impact of climate change. I estimate that, since 2000, the propagation of heat shocks has been responsible for output losses across all sectors and cumulative damages are 33% larger when accounting for spillovers.
Zappalà Guglielmo ((Université Paris-Saclay, CEPS)) Sectoral impact and propagation of weather shocksTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 07/11/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
This paper builds a Ricardian model of international trade capturing that most countries have only a few trading partners within narrowly defined industries. The set of partner countries responds endogenously to shocks, thereby allowing to identify alternatives to key trading partners. I introduce trade zeros—or, an extensive margin of trade—via a bounded productivity distribution and a non-homothetic final-goods-assembly function. In the limit, without productivity caps, trade shares reduce to a standard gravity equation. I develop a novel calibration strategy to fit data on industry-level bilateral trade flows and aggregate production. Counterfactual exercises suggest that welfare changes after trade-cost shocks are typically amplified when accounting for the extensive margin of trade. This is primarily true for low- to medium-income countries. The number of inactive industry-level trade relations changes by approximately half the shock size; for instance, a 10% rise in global trade costs increases the number of bilateral zeros by 5%.
Torun David, Torun David ((Université Paris-Saclay, CEPS)) Quantifying the Extensive Margins of Trade and ProductionTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 24/10/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
Kögel Clara (OECD) Gender Diversity in Senior Management and Firm Productivity: Evidence from nine OECD Countries
Peter Gal and Cyrille SchwellnusTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/09/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
This is the first global study of how women's rights and gender discrimination affect the gender migration gap. We estimate a gravity equation derived from a RUM model of migration that accounts for migrants' gender using data on 158 origin and 37 destination countries over the period 1961-2019. Instrumental variable estimates indicate that improving gender equality in economic or political rights generally deepens the gender migration gap, which means that female emigration is reduced relative to that of men. In line with our theory, this average effect is driven by higher-income countries. In contrast, an increase in gender equality in lower-income countries reduces the gender migration gap in these countries by facilitating female emigration.
Simsek Betül (Hamburg University) Women's Rights and the Gender Migration GapTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/09/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
This article examines the impact on the Russian counter-sanctions (i.e., the agri-food product ban) introduced in Russia in August 2014 on the Russian imports and the Russian domestic market. On the one hand, by using the gravity model of international trade, this article quantifies the partial change in trade flows between Russia and its main trading partners in the short- and medium-term. Additionally, by performing a product- and country-level analysis, the article explores how the trade structure of Russia changes after the sanction dispute. On the other hand, a preliminary analysis on the Russian domestic market, and in particular, on the performance of the Russian agri-food sector is presented. Finally, some hypotheses about the use of the agri-food ban as a protectionist tool in response to the Russian accession to the WTO are explored.
Fernando Martin Espejo (Hamburg University) Economic Sanctions as a Trade Policy Instrument? The 2014 Western-Russian Sanction Dispute
Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 20/06/2022 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle Banquier S03) 75013 Paris
According to various fields of the economic literature, population distribution and different degrees of urbanization, within and between countries, affect their productivity and specialization. This paper investigates the effect of population density on export performance by adapting a structural gravity framework to include country-specific (mainly geographical) features and distinguishing between trade frictions and productivity fundamentals. The model allows explaining the empirical results that show the heterogeneous impacts of population concentration on trade by sectors and the relative effect of density on international sales with respect to the domestic market.
Lodi Luca (Hamburg University) Population distribution and export performance: estimates from a structural gravity model.
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 23/05/2022 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, Room Banquier: S03) 75013 Paris
This paper tests and analyses the effect of military alliances on bilateral exports. Using CEPII’s and
Correlate of War’s country-level data from 1967 to 2012, we perform a gravity approach. Our baseline's
results show that alliances increase trade by 60%. We confirm the causality with an instrumental variable estimation. Thanks to the estimation of the differenced average treatment on the treated à la Couch and Placzek (2008), we show a stronger effect of 80% for the deepest alliances. Moreover, we determine this huge impact can be explained by alliances’ ability to create strong military cooperation. Therefore, they imply for exporting firms a decrease in their expropriation risk and a lower cost of information. In line with our empirical results, we formalize and include the military alliances in a generalizable theoretical structural gravity model. Performing a general equilibrium analysis, we demonstrate the trade liberalization enforced by military alliances leads to substantial welfare gains for signatories, but also losses for non-aligned countries.
Neri--Lainé Matteo (Paris Dauphine University) Sovereign Gravity -- The Military Alliances’ Effect on trade and its implication in structural gravityTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/05/2022 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle Banquier S03) 75013 Paris
In September 2015 the US Environmental Protection Agency issued a notice which opened a scandal now know as the Dieselgate: the note shows that the German automaker Volkswagen cheated on the Clean Air Act by intentionally programming its diesel engine vehicles to reduce their emissions controls only during laboratory testing.
In this paper, we hypothesize that these revelations may have had an impact on consumers' perceptions of the quality of the German car firm, and potentially also of a broader group of goods associated with the country's manufacturing quality attributes. We use product-level bilateral trade data to estimate whether German exports of Diesel passenger cars were modified after September 2015. We rely on a difference-in-difference approach and compare the exports of Diesel engine vehicles to those of goods that were not affected by the scandal. We further analyze whether the effects vary according to the level of consumers information about the scandal in each country, proxied by their google searches relative to the event.
Bois Clémence (Paris Dauphine University) Trade, Reputation, and the Diesel Gate
Pamina Koenig (PSE, Université de Rouen)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/04/2022 de 13:00:00 à 14:00:00
MSE(112, Blv de l'Hôpital, Room Banquier: S03) 75013 Paris
Does the complexity of multinationals' ownership structure serve tax avoidance? We use cross-country firm-level data to provide a description of the complexity determinants of ownership structure of multinational firms and show that affiliates belonging to more complex MNEs are more likely to report zero profit, consistent with tax avoidance by multinational firms.
François Manon (Paris Dauphine University) The ownership structure of multinational enterprises and tax avoidance: complexity matters
Vincent Vicard (CEPII)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 28/03/2022 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle S/03
Recent decades have been characterized by a substantial increase in firms' market power both in the U.S. and the EU. In this paper, we study the role played by globalization in determining the evolution of this phenomenon. We use detail firm-level balance sheet and trade data for Belgian manufacturing over the period 2000-2015, and following the identification strategy proposed in Acemoglu et al. (2016), we provide a causal analysis of the impact of rising trade exposure on various measures of market power. Along standard concentration measures, we estimate firm-level markups over the period by applying De Loecker and Warzynski (2012) methodology. We estimate that, following the surge of Chinese import competition, relatively more exposed industries do experience an increase in markups over time. These changes are not driven by reallocation between firms, but by within adjustments of the incumbents.
Verdini Daniele (Paris Dauphine University) Globalization and Market Power
Catherine Fuss (National Bank of Belgium) & Lorenzo Trimarchi (University of Namur)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/03/2022 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle Banquier: S03) 75013 Paris
There is a growing concern that the reallocation of worker might be quite slow after trade or technological shocks. In this paper, I study the determinants of the speed of the worker reallocation process. My first contribution is to document the extent of frictions to occupational mobility thwarting the reallocation process. The basic idea is that skill dissimilarity prevents workers to achieve certain professional transitions. The originality of my approach is to view these frictions as representing a network, whose nodes are occupations and edges are possible occupational transitions. I find that this network is sparse, hinting at large frictions to occupational mobility, and that some highly central occupations have the potential to block the entire reallocation process. Second, I build a model of search and matching of the labor market, which I augment with an occupational network. I give an analytical characterization of the equilibrium and clarify how the occupational network shapes the distribution of equilibrium wages and tightness ratios. Perhaps surprisingly, I find that the steady-state worker distribution is quite similar to that of the standard model but that the transition dynamics are very different. I show that the model can account for transition dynamics which are two orders of magnitude slower than predicted by the standard model. Therefore, this model suggests an explanation for the sluggishness of labor market adjustments after certain shocks.
Bocquet Leonard (PSE) The Network Origin of Slow Labor Reallocation
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/02/2022 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital) 75013 Paris
The rapid spread of Investors-State Dispute Settlement (ISDS) provisions
in international agreements provides foreign investors with increased ways to
contest adverse regulatory changes. Based on empirical evidences from the energy
sector, this paper ask to which extent the use ISDS instruments affects taxation
and subsidies faced by multinational firms. Firms operating in the energy
industry face important regulatory evolution due to the climate crisis. At the
same time, these firmst are typically immobile and therefore very exposed to
local policy changes. Preliminary findings suggests that ISDS cases tend to act
as signals and to be associated with a reduction in the ambition of governments'
environmental efforts.
Delpeuch Samuel (Sciences po) Investor vs. planet earth ? - Protected investments in the fossil fuel industryTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 31/01/2022 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/97695651406?pwd=YldRUXh3eHA0Zk1XODJVaHdlSHdxUT09
Rising corporate saving has figured prominently in the debate on economic inequality and the emergence of global imbalances, even though little is known on the detrimental drivers of this dramatic trend. This paper aims to contribute to the understanding of corporate saving by highlighting the role of intermediate input importing from non-financial industries in Germany, Austria, and the Netherlands over the period 2000-2014. Combining comprehensive firm-level data from the Orbis Bureau Van Dijk database with industry information on imported intermediate inputs from the World Input-Output Database, I find robust evidence that expanded access to cheaper intermediates has significantly contributed to the rise in corporate saving. The effects are particularly strong for imports from Eastern Europe and somewhat weaker for imports from China. These findings imply that the increasing fragmentation of production of the non-financial sector has contributed considerably to corporate sector surpluses, and hence to macroeconomic imbalances and economic inequality while qualifying Eastern Europe as special in that it accounts for the bulk of these surpluses in major current account surplus countries.
Ascione Fabio (Sciences po) A lending hand from abroad? Corporate saving and imported intermediate inputs in three European countriesTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/01/2022 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/92845411750?pwd=Nko5aFBoLzc1ZnFEOWpaZEhmUFhsZz09
Informality has become a prevailing phenomenon in emerging economies. Using the World Bank Enterprise Survey for a large cross-section of emerging economies between 2006 and 2020, we examine the effect of informality costs on the adoption of foreign technology. The hypothesis tested is that the formal firms which started their operations unofficially at some point in the past are less likely to adopt foreign technology even after formalization. Accounting for endogeneity, results show that past informality status has a persistent and negative effect on the adoption of foreign technology. We also discuss the moderating role of other variables on this relationship. Results show that the exporting activities, the high quality of institutions, and the investment in human capital weaken the negative impact of the informal creation of a formal firm on the adoption of foreign technology. These findings are robust to a range of firm and country characteristics as well as checks for endogeneity concerns.
Ragab Dina (Sciences po) Does Past Informality Status Affect the Adoption of Foreign Technology in the Emerging Economies?
Boris Najman (UPEC)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 06/12/2021 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle 116) 75013 Paris
A country’s reputation may be an important determinant of its ability to export but the effect is notoriously difficult to isolate from underlying product attributes. We exploit the Fukushima nuclear disaster as a sudden large-scale shock to the reputation of Japanese food exports, where nonetheless not all products were affected similarly. Since exposure to radiation and import bans varied by product and prefecture, we use agricultural production data to identify unaffected products and compare their exports to exports of other countries in the same destination market. For all exports to the EU we find, a massive but short-lived drop in the value and number of products exported while prices increased. Unaffected products exhibit attenuated effects indicating that a change in the perceived riskiness of a country plays a role in explaining trade flows.
Abele Christian (Sciences po) Reputation in International Trade - Evidence from the Fukushima Nuclear Disaster
Kentaro Asai (PSE)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/11/2021 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle 116) 75013 Paris
Raising environmental awareness has lead to the proliferation of environmental management systems (EMS). An EMS helps organizations identify, manage, monitor and control their environmental issues in a “holistic” manner. It also aims at helping the organization to reduce its environmental impacts and increase its operating efficiency. Using detailed French administrative data, I first estimate the effect of certification on firm performance. I observe that the environmental certification acts as a `signal' allowing firms to sell their products at a higher price. However, this effect is heterogeneous across firms, i.e: bigger firms are able to export more once certified whereas the increase in production costs is too large for smaller firms, and across products (the effect is magnified for differentiated products). Secondly, the environmental certification positively affects firms' environmental performance through investments.
REVERDY Camille (Sciences po) Building a new reputation: the impact of the adoption of voluntary standardsTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/11/2021 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle 116) 75013 Paris
This research studies the effects of a value added tax (VAT) reform at Mexico's international frontiers. The reform raised the VAT rate from 11 to 16 percent at localities close to the international borders. We use the traditional ``static'' difference-in-differences methodology as well as dynamic difference-in-differences. The treatment group is composed of municipalities in the area where the VAT increased, and the control group is composed of municipalities close to the treatment group. We find that the VAT hike had a positive effect on prices of around half the size of the full pass-through conterfactual. In addition, the reform had a negative effect on workers' wages and no effect on employment. The negative effect on workers' real incomes is not smoothed out with credits. We find evidence of a negative effect on consumption at Mexico's northern border due to the reform. However, we find no evidence of an increase in shopping at the United States side of the border.
Chavez Emmanuel (Sciences po) Who pays for a Value Added Tax Hike at an International Border? Evidence from Mexico
Cristóbal Domínguez (Comisión Nacional Bancaria y de Valores)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/10/2021 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital) salle 116 75013 Paris
There are common beliefs that agglomeration and manufacturing enhance the productivity of firms. However, these factors also increase air pollution, which can have an adverse effect on productivity. This paper investigates the effect of air pollution on labour productivity in French firms in both manufacturing and non-financial market services sectors from 2000 to 2018. I use an instrumental variable approach, based on planetary boundary layer height, to identify the causal impact of air pollution on labour productivity. I estimate that a 1 µg/m3 increase in fine particulate matter concentrations (PM 2.5) leads on average to a 4.5% decrease in labour productivity. I also find that the negative effect of pollution is less pronounced for digital intensive firms. These estimates suggest that the negative impact of air pollution is much larger than previously thought.
Kögel Clara (Sciences po) Air pollution and productivity: Evidence from FranceTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/10/2021 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital 75013 Paris), salle 116
Motivated by empirical evidence I document on local credit markets in France using data on more than 3.5 million bank-firm relationships, I propose a theory of bank-firm matching subject to search frictions. Firms undergo a costly search process to locate and match with the right banking partner. Upon matching, agency frictions hinder banks ability to optimally screen and monitor projects. I structurally estimate my model on French data using the staggered roll-out of Broadband Internet, from 1997 to 2007, as a shock to search frictions. I confirm the model predictions that a reduction in search frictions affects the allocation of credit and the dynamics of firm-bank matching. Finally, I use the structure of my model to quantify the impact of this technology-induced reduction in search frictions on loan prices. I find that broadband internet access reduced the cost of debt for small businesses by 4.9%.
Mazet Clément (Sciences po) Search Frictions in Credit MarketsTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 27/09/2021 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle 116) 75013 Paris
Trade economists have intensively investigated the impact of international trade costs on trade flows by using distance measures as a robust approximation of trade costs. However, traditional distance measures between trading partners usually are too aggregated across space to separately inform about the effect of intra-national and international transport costs on trade flows. This paper draws on detailed transport-data for the US to analyse the effect of intra-national transport costs on exports based on a structural gravity model estimated by a Poisson Pseudo-Maximum Likelihood. The results reveal that intra-national transport costs of US exports are lower in absolute terms than their international counterparts: An increase in intra-US distance by 1% is associated with a decrease in US exports by on average .5% compared to 1.2% for international transport distance. Further results on distances travelled by different transport modes imply that trade impediments related to road transportation have a significantly stronger effect on US-exports than those related to other major transport modes studied in this paper. These findings are of interest to policy-makers and academics alike: to support policy-decisions about national infrastructure projects related to international integration and sustainable development, as well as to exploit a more precise measure of intra-national trade costs for structural gravity analysis.
Gourdon Karin (Sciences po) Intra- vs. international transport costs -- the case of US exports to Canada and Mexico
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 13/09/2021 de 13:00:00 à 14:00:00
MSE - Room 116
Exploiting data for French manufacturing traders, this paper presents evidence of a positive effect of immigrant workers on firm-level markups that is attributable to price differences. Immigrant workers allow firms to access imported intermediate inputs of higher quality and therefore produce higher quality final goods for the export market. This quality advantage translates into firms charging higher export prices and markups. I provide econometric evidence in support of this mechanism. First, I show that the prices of exported final goods are positively affected by immigrant workers within narrowly defined varieties. Consistently, I find that immigrant workers positively affect the quality of exported final goods. Second, I show that there is a positive relationship between the price of imported intermediate inputs and the share of immigrant workers, which reflects differences in input quality. Finally, I provide suggestive evidence that immigrant workers allow firms to buy higher quality inputs by lowering upstream information frictions.
Sabbadini Giulia (Sciences po) Firm-Level Prices and Markups:The Role of Immigrant Employment and Input QualityTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/06/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/93088322381?pwd=RkVaVWsvcnJPbEgzNnJzQUlFS2JiQT09
This project aims to test whether globalization shocks (trade, FDI, and immigration) could explain part of the transition from a two-party to a multi-party system, such as the striking change in the political landscape in Costa Rica that started around 2000. We study the effect of several FTA signed by the country in the last two decades, and two immigration waves from Nicaragua in the same period, on electoral outcomes (turnout, voting shares, campaign contributions). We make two main contributions: (1) expand the extensive literature on the subject by exploring globalization and political realignment in a developing country with a long democratic tradition, and (2) combine administrative data at the individual level to answer these questions. We observe that districts with higher levels of income inequality vote less in both presidential and local elections, and districts with more immigrants also exhibit lower electoral turnout. Similarly, while higher exposure to trade and FDI reduce private campaign contributions, especially to traditional parties, higher exposure to immigrants increases them. Hence, those “affected” by international trade and FDI support new parties, while those “affected” by immigration find refuge in the traditional ones.
Torun David (Sciences po) Globalization, income inequality and political realignment: evidence from Costa Rica
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 31/05/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/95087063366?pwd=NjhMT2xKWTlnb3B0dS9veGFicm1BUT09
Motivated by the growing share of technical standards regulating intermediate inputs, this paper investigates the role of standards in the sourcing decisions of international firms. We begin by building a novel database which fills the missing information on the product classification of all technical barriers to trade (TBTs) that have been notified to the WTO over the period 1995-2020, improving on the coverage of TBTs compared to existing sources. We combine this information with a World Bank database on the depth of trade agreements, including information such as the inclusion of specific provisions on TBT. We then cross-reference this database with a firm-level panel of French importers. We find that the introduction of a TBT by the European Union affect French firms' incentive to source its inputs within the EU. Following the enforcement of a TBT by the EU, we observe that the propensity to switch supplier country depends on firms' characteristics.
REVERDY Camille (Sciences po) Technical regulations, intermediate inputs and sourcing decisions
Irene Iodice (Paris 1)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/05/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/97399860624?pwd=QlA3TGtITGNtZkpuT0VLSDVUMllCdz09
Investor-State Dispute Settlement (ISDS) is central feature of the more-than 3,000 international investment agreements in place today. Despite their ubiquity, ISDS provisions are the subject of increasingly heated public debate about national sovereignty, corporate interests, and the limits of international agreements. To what extent are ISDS provisions simply the necessary conditions for mutually beneficial cross-border investments? How, if at all, has the use of these provisions changed over time? While ISDS has received recent attention in the theoretical trade literature (e.g. Kohler and Stähler, 2019; Ossa, Sykes and Staiger, 2020; Schjelderup and Stähler, 2021), remarkably little is known about the use of ISDS provisions in practice. This paper leverages a new, unique ISDS case- and firm-level dataset to present novel stylised facts about the nature and evolution of the ISDS system, multinational firms using it, law firms involved, and the underlying market mechanisms that drive the patterns and prevalence of ISDS cases. Analysis is structured around two key questions. First, to what extent has there been a fundamental change in the prevalence, composition, and underlying nature of ISDS cases? And second, what are the likely drivers of these patterns — specifically, are there discernible changes in “litigation technology” that have changed when, how, and why firms use ISDS provisions in practice?
SZTAJEROWSKA Monika (Sciences po) Investor-State Dispute Settlement in Investment Agreements: Bringing Evidence to Controversy
Emily Blanchard (Dartmouth Tuck School of Business, CEPR)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 03/05/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/92902544804?pwd=NFJlbWo5NUVVd01NUG5tMjQvRS9PUT09
This paper investigates how labour mobility policies can allow "non tradable" services to be offshored on-site, exposing new sectors and workers to foreign competition, and raising questions on whether destination or origin labour taxes should apply to these novel flows of workers. To shed light on this issue, I study the largest historical experiment of services exports mobility liberalization in the world: the European posting policy. Within the EU, firms are free to send their workers abroad in order to perform a service, while workers "posted" abroad are exempted from taxes in the destination country. Assembling novel and exhaustive administrative data on this continent-wide experiment, I show that the staggered lifting of posting mobility restrictions increased permanently international service provision by 500% within the EU. Cross-border services supply has also been highly responsive to tax rules applied to posted workers. Combining quasi-experimental tax reforms and a theory-consistent gravity estimation, I show that the elasticity of posting flows with respect to payroll cost differentials created by the scheme lies above 1. I then turn to the unequal distribution of these aggregate mobility-trade effects, both between and within countries. Liberalizing on-site offshoring redistributed economic activity and tax revenue to sending — mostly low-wage — countries, increasing non-tradable employment in sending countries by 17% and taxes paid at home by sending firms by 30%, while employment in exposed sectors in receiving countries decreases by 6%. Using detailed firm-level data, I show that workers' wage rate rise by 10%, while capital-owners increase their profits by 30%, after a firm starts posting workers abroad, implying that services suppliers in formerly non-tradable sectors captured 2/3 of the overall mobility-dependent export premium. I find that these gains however disappear when the posting mission ends, suggesting that non-tradable services sectors exhibit little "learning by exporting".
Munoz-Morales Juan (Sciences po) Traded Non Tradables: Offshoring Service Jobs Through Labour MobilityTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/04/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/95547842935?pwd=RXVsU3RIdTdleEUxbkZzVTJqMWd4UT09
We study the choice between source-based corporate taxes and destination-based corporate taxes in a two-country model, allowing multinational firms to use transfer pricing to allocate profits across tax jurisdictions. We show that source-based taxation is a Nash equilibrium tax revenue maximizing jurisdictions if both domestic and foreign firms generate large revenues. Otherwise, the equilibrium involves destination-based taxes. We also show that a country has an incentive to unilaterally adopt destination-based taxes if it is much larger than the Foreign country.
François Manon (Sciences po) Profit Shifting and Destination-Based Taxes
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/03/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/94445869097?pwd=WVgweGJiUStZV0phaW54TGlueEhxUT09
This paper studies the impact of travel time on the diffusion of knowledge. We provide causal evidence by exploiting the beginning of the Jet Age as a quasi-natural experiment. We digitize airlines' historical flight schedules and construct a novel data set of the flight network in the United States. Between 1951 and 1966, average travel time between locations more than 2,000km away decreased 49%. We use patent citations as a measure of knowledge diffusion. For research establishments located more than 2,000km away from each other, the reduction in travel time increased citations by 8.1%. The reduction in travel time accounts for more than one third of the observed increase in citations in this distance interval. Additionally, the reduction in travel time increased the diffusion of knowledge through multi-establishment firms. Firms opened research establishments in locations that obtained a relative reduction in travel time to headquarters. Firms carried knowledge across distant establishments and increased its diffusion.
Stipanicic Fernando (Sciences po) The Diffusion of Knowledge: Evidence from the Jet Age
Stefan Pauly (Sciences Po)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/03/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/99575966216?pwd=VmVmb2FZSklHU01SWU5aK3pLODVwdz09
The tremendous development of new technologies during the last decades allowed for an increasing interconnection between countries' economies and firms' activities: both commercial and financial linkages along value chains intensified, and also overlapped. As a consequence, Global Value Chains (GVCs) and Foreign Direct Investments (FDI) have dominated the international economics literature as two sides of the same coin. Using French administrative data, this paper studies the relationship between these two topics at the firm level. Trade and investments are found to be complement, with the first increasing the future likelihood of the latter. Using trade in intermediates as a proxy for GVCs participation, I prove that GVCs-related trade drives the effect.
Vannelli Giulio (Sciences po) Global Value Chains participation and firm boundaries: evidence from French FDI
Giorgia Giovannetti (Università degli Studi di Firenze, EUI), Gianluca Santoni (CEPII)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/02/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/95624662287?pwd=Y25kdFhsTnBPRVhJcmNTSlkzalR4QT09
On 24 November 2015, Turkish military shot down a Russian fighter jet near the Syrian-Turkey border after it violated Turkish airspace for about 17 seconds. Russia retaliated by imposing an embargo on 17 agricultural HS-6 level products from Turkey that would be effective for 22 months. We exploit this natural experiment to evaluate the impact of sanctions on Turkish exports and exporters. Using restrictive customs and firm-level data in a triple difference framework, we estimate the effect of these sanctions on the exports towards Russia, for embargoed and non-embargoed products. We estimate a total trade loss of $3.25bn for Turkish exports, 65% of which stemming from non-embargoed products. We investigate the underlying mechanism through firm-level analysis. First, we find that number of firms that trade with Russia and export volumes decreased dramatically. Second, firms re-routed their exports to bordering countries to circumvent the sanctions. Finally, we find that medium and large firms managed to adjust to the crisis while small firms suffered the main effects of the embargo.
ÖZGÜZEL Cem (Sciences po) Shooting down trade
Ugur Aytun (Kutahya University)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/01/2021 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/99471949261?pwd=TW5RRDRrc2xOUXh0UjEzc1pkRy8wQT09
This paper investigates the effect of trade facilitation on forward and backward Global Value Chains (GVCs) in manufacturing sectors. We use a two-step gravity model of trade for a cross-section of countries over the period 2004-2015. The main aim is to shed some light on whether the effect of maritime connectivity and border procedures on value-added content of trade differ by region. Results indicate that maritime connectivity matters for trade under GVCs. In particular, exporting intermediate goods is highly encouraged by more efficient maritime routes which connect different participants of GVCs in Africa and Asia. Furthermore, shipping goods without delays, low costs and simpler procedures are key determinants of participation in forward GVCs. Finally, the regional analysis for manufacturing sectors of GVCs helps to discern which regions are more affected by cross-border reforms and reveals that simplifying documentary procedures is important for Africa, Asia and Europe when they import foreign value-added. For instance, less time to import encourages Africa to participate in backward linkages in GVCs and transportation costs matter for Africa when it operates upstream tasks and for Europe when it operates upstream and downstream tasks.
Guedidi Insaf (University of Tunis, ESSECT, DEFI,University of Paris 1) Trade Facilitation and Participation in Global Value Chains
Leila Baghdadi (University of Tunis, ESSECT, DEFI, World Trade Organization Chair at University of Tunis) and Inmaculada Martínez Zarzoso (University of Gottingen, University Jaume I)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/12/2020 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/93971422235?pwd=eDdyZEJ2SUpsQnByUnR5eUpRMkV5Zz09
Long-distance trade has emerged and expanded throughout history despite abundant obstacles. How trade regimes, such as merchant guilds, were able to operate under such circumstances has attracted attention from scholars of institutions and market imperfections. However, whether merchant guilds were conducive to overall growth or only benefited a few members of society remains disputed; as is their use of formal versus informal rules in their internal functioning (e.g. Greif, 1989; Ogilvie, 2011). To the best of my knowledge, this paper is the first to quantitatively study how the trade of a merchant guild compares to that of their competitors who do not belong to any guild. I focus on the Hanseatic League (1100s-1669), a trade confederation of, at its peak, almost 200 towns in the German Lands and surrounding areas. Newly collected archival data reveals the extent and timing of each town’s participation in the League’s meetings. I combine this information with expansive, novel data of nearly all maritime trade (1.5 million shipments) between the Baltic and North Sea areas from 1497 to 1700. During this crucial period in history, institutions of the First Commercial Revolution gave way to those of the Second, which oversaw the beginning of Atlantic trade. In the empirical analysis, I exploit features of the trade data to distinguish, for each shipment, whether the trade was conducted by the Hanseatic League, more independent Dutch traders, or by another trading regime. I then compare trade across these regimes along various dimensions, such as trade value, prices (volatility), and type of goods (including new luxuries). In doing so, I test various hypotheses raised in the literature, including the relationship between trade regimes and growth. Preliminary findings suggest marked differences across trade regimes and contribute to our understanding of trade institutions, historical and contemporary, that operate in environments where coordination is difficult.
Raster Tom (University of Tunis, ESSECT, DEFI,University of Paris 1) The Hanseatic League versus its competitors: Evidence from millions of shipmentsTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 30/11/2020 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/97965760768?pwd=cmNIcE1CK1FBY2FDamV2UmJIUXMzZz09
Based on French firm-level data over 15 years we evaluate the contribution of the mi-
crolevel profit shifting –through tax haven foreign direct investments (FDI), may it be in
or outward- to the aggregate productivity slowdown in France and the role that intangible
investments play in this relation. We show that firm productivity in France experiences a
decline over the immediate years following the establishment in a tax haven, with an aver-
age estimated drop by 3.5% in labor productivity. We argue that this productivity decline,
following a presence in a tax haven, is most likely explained by MNEs’ fiscal optimization,
where domestic productivity is underestimated as profits are not recorded anymore in the
home country. The fall in productivity is especially strong for firms that are intensive in
intangible capital and is equivalent to 4.1% (versus 2.7% for low intangible intensive firms),
reflecting the fact that these type of assets are more easily transferred across countries and
facilitate fiscal optimization. Our results additionally suggest that the mismeasurement has
strong dynamic effects, as the decline becomes more important the longer the firm remains
in a tax haven. Due to possible attenuation biases, we argue that our estimates provide a
lower bound of the productivity mismeasurement. Finally, given these firms’ weight in the
economy, our results imply an 8% loss at the aggregate in terms of the level of the labor
productivity throughout the whole sample period, which is equivalent to an annual loss of
9.5% in terms of the aggregate annual labor productivity growth.
GSIE , gsieseminar@gmail.com. (University of Tunis, ESSECT, DEFI,University of Paris 1) Productivity Slowdown and MNEs’ Intangibles: where is productivity measured?
Jean-Charles Bricongne (Banque de France), Margarita Lopez-Forero (France Stratégie, Dauphine)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 16/11/2020 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/92734307077?pwd=dHNLZXVtODJzbVVheURuc1d1UWxkQT09
Using cross-country data firm-level panel data for 17 OECD countries from 2000 to 2015, this paper explores the effect of finance and intangible assets on the productivity gap and the technology diffusion. It argues that investment in intangibles are closely linked to technology diffusion, but that due to their specific characteristics, such as valuation uncertainty and lower pledgeability, financing the purchase of intangible assets is more difficult than that of tangible assets. The analysis relies on a dynamic panel approach, including firm level measures of technology diffusion, financial frictions, and intangible capital. We find that both financial frictions and intangible capital affect the productivity gap to the technology frontier. We also provide evidence that financial frictions hinder technology diffusion, particularly in financially dependent sectors and through the channel of investments in intangible assets. This sheds light for a possible mechanism of the slowdown in technology diffusion, experienced by many advanced economies.
Kögel Clara (University of Tunis, ESSECT, DEFI,University of Paris 1) Keeping up with the frontier: The effects of financial frictions and intangible capital on technology diffusion
Flavio Calvino (OECD Directorate for Science, Technology and Innovation), Rudy Verlhac (OECD Directorate for Science, Technology and Innovation)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 02/11/2020 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/98263373635?pwd=QlduZzA3ZFdwbU5sMC90emJXOFRJUT09
This paper explores the impact of low-intensity political conflicts on trade relations. In particular, I study the impact of political tensions based on United Nations voting data on Egyptian imports. Additionally, I explore specific channels through which political disputes may impact trade flows, particularly trade with state-owned firms (SOEs) and politically connected firms. For this purpose, a sectoral gravity model is estimated using customs data on Egyptian imports from 2005-2015, UNGA voting data to measure political tensions as well as sectoral data on state-owned and politically connected firms in Egypt. Results show that indeed political tensions have a significant negative impact on imports to Egypt. This impact is particularly significant for developing, non-EU and middle income countries as well as non-democracies. The negative impact of political tensions on Egyptian imports seems to come mainly from politically connected firms in the manufacturing sector, and from state-owned firms in the non-manufacturing sector where SOEs are larger and more productive.
ASSEM Hoda (University of Tunis, ESSECT, DEFI,University of Paris 1) How Political Tensions Impact Trade: Evidence from EgyptTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/10/2020 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/97838602106?pwd=SGtZS2ZnOUd2M1FxTlNtSGIxRHd3UT09
Both the ongoing US-China trade war and the COVID-19 pandemic have induced supply-chain disruptions. They have shown the importance of international cross-sector connections in disseminating distress. Yet, little is known about how those connections relate to trade credit. To fill the gap, this study investigates how firms' trade credit payments interact across sectors and the relation of these interactions with already documented production links. To do so, it uses an original database from one of the top three credit insurers in the world. It measures payment behavior in each sector using data on defaults on trade credit between 2007 and 2019. Data are collected for sectors in France, Germany, Italy, Spain and the United Kingdom. Using a two-step high-dimensional method, this article identifies Granger causalities across sectors. Results highlight the existence of predictive relationships between sectors' payment behavior on trade credits. A few
sectors – among which construction, wholesale and retail, and motor vehicles – tend to display a wider set of predictive relationships towards other sectors than the average. The existence of these relationships, as well as their magnitude, is positively and significantly related to intermediate good owing from one sector to the other. Such result is consistent with sector-level shock propagation patterns working through production links such as highlighted in the production network literature.
London Melina (AMSE) Cross-Sector Interactions in Western Europe: Lessons From Trade Credit DataTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 05/10/2020 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/99631640491?pwd=WlpUZXJhNHdHNm42cHBMQXJvTEhPQT09
According to Schumpeterian theory, recessions should have a cleansing effect on the economy: low productive firms are pushed to exit while high productive firms manage to survive, thereby increasing average productivity. However, new empirical evidence reports that highly productive firms default too during downturns, hence implying that market selection is not efficient during recessions (Guerini et al. 2020). What causes market selection to become inefficient? In this paper, we argue that Schumpeterian theory confuses productivity and profitability. Any mechanism weakening the correlation between the former and the latter worsens the quality of market selection. Here, we propose a model of heterogeneous firms with an endogenous exit margin, incorporating two of such mechanisms. First, uncertainty generates a potential discrepancy between the sales and the costs: high productive firms which failed to anticipate correctly their level of sales can make very low profits. Second, financial frictions lead unproductive firms to be more credit constrained, hence preventing them to take too much risk and reducing their risk of default. Finally, we show that the distribution of leverage is a sufficient statistic for assessing whether recessions are cleansing or not.
Bocquet Leonard (AMSE) Inefficient Market Selection: The Role of Uncertainty and Credit FrictionsTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 21/09/2020 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/93616552456?pwd=RUFic0gzT2lGSnl2QWNtbmUrcEE5dz09
How to gain new buyers and expand one’s business? This paper provides a very simple an- swer to this question: by hiring salesmen. Combining French firm-to-firm trade data with a detailed occupational dataset, we offer new empirical evidence that salesmen play a role for the construction of a firm’s portfolio of foreign buyers. We then characterize a specific channel explaining such a role: using an event-study design, we show that a poached salesman brings on average 0.14 buyers of her former firm’s buyers to her new firm. Additional results indicate that country and sectoral knowledge can only explain a small fraction of this effect, which suggests that salesmen accumulate buyer-specific knowledge when working for exporting firms, knowl- edge that they transmit when poached. Finally, we quantify, building on a simple theoretical framework, the importance of business network transmission to understand salesmen’s role in buyer acquisition. We find that, on average for a salesman, having interacted with a buyer in the past multiplies the probability to sell to this buyer in the future by 9 times.
Patault Bérengère (AMSE) How valuable are business networks? Evidence from salesmen in international markets
Clémence Lenoir (INSEE)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/06/2020 de 13:00:00 à 14:00:00
https://zoom.univ-paris1.fr/j/98159672731?pwd=ZitmQm5qekg4dWZub0pudWdoQXo0QT09
We analyze the macroeconomic determinants of the rise of protectionism in the past 10 years focusing on bilateral trade imbalances. If politicians launch protectionist attacks based on expected net employment gains then the bilateral trade balance is an approximate measure predicting which countries will be attacked. The reason is that it balances the gains from protecting employment from foreign imports and losses from retaliation on exports. We show empirically that bilateral trade imbalances are robust predictors of protectionist attacks based on the Global Trade Alert database. Retaliation to past attacks, the bilateral exchange rate and current account imbalances are also good predictors of protectionist attacks.
Fize Etienne (AMSE) Macroeconomic imbalances and the rise of protectionism
Samuel Delpeuch (SciencesPo) and Philippe Martin (CEPR, SciencesPo, CAE)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/06/2020 de 13:00:00 à 14:00:00
Join Zoom Meeting: https://zoom.univ-paris1.fr/j/92350573618?pwd=N0lvdlJETG1zR295MGg0NzB6NlAzZz09 Meeting ID: 923 5057 3618 Password: 986325
This paper investigates the link between East-West migration flows in Europe and global value chains (GVCs) after the 2004 European enlargement. We combine data from the European Labor Force Survey with the World Input-Output Database to provide evidence of substitution between employing immigrant workers and production offshoring in Europe after the EU enlargement of 2004. Our identification relies on the staggering of the opening of Western Europe labour markets to Eastern Europeans workers and on an instrumental variable, hence tackling potential endogeneity in the trade-migration relationship.
We find that Western European sectors with larger post-liberalization migration shocks import less intermediate goods from Eastern Europe. This effect mostly concerns the immigration of low skilled workers. We explain that once the movement of labor restrictions were removed, it became relatively easier than before for firms to import workers rather than goods. This resulted in an increased presence of low occupation Eastern European workers in Western Europe and lower offshoring, ceteris paribus.
This work is, to our knowledge, the first to provide evidence regarding the effect of the removal of freedom of movement restrictions in Europe on global value chains. We also to contribute to the literature by looking at the trade-migration relationship at the sector and occupation level.
ALVAREZ Bastien (AMSE) European Integration and the Trade-off between Offshoring and Immigration
Enxhi Tresa (THEMA, CY Cergy Paris Université)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 02/03/2020 de 13:00:00 à 14:00:00
MSE, room 019
This paper documents the effect of information frictions on trade using a historical large-scale improvement in the transmission of news: the emergence of global news agencies. The information available to potential traders became more abundant, was delivered faster and at a cheaper price between countries covered by a news agency. By exploiting differences in the timing of telegraph openings and news agency coverage across pairs of countries, we are able to disentangle the pure effect of information from the effect of a reduction in communication costs. Panel gravity estimates reveal that bilateral trade increased by 30 % more for pairs of countries covered by a news agency and connected by a telegraph than for pairs of countries simply connected by a telegraph.
Cotterlaz-Carraz Pierre (AMSE) Information in the First Globalization: News Agencies and Trade
Etienne Fize (Science Po & CAE)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 03/02/2020 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle 019) 75013 Paris
Over the past half a century, Egypt developed from a statist economy, with strong business-state relations, to a more liberal open-market economy as it slowly began opening up to international markets. Its entry into international markets came alongside several exogenous changes to trade policy. Exploiting a change in trade reform policies that aligned administrative, tariff and non-tariff barriers to international standards, I use a differences-in-differences method to measure the impact of trade liberalization reforms on import values, between industries where connected firms are known to exist, and those were no known connection exists. The outcomes show that the reduction of trade barriers associated with the reform, improved the inflow of imported goods to non-connected industries more than connected industries, suggesting a corrective impact of administrative simplification on the competitiveness between industries. I tested different explanations for the treatment outcomes and found evidence of tax evasion as an important strategy for firms in connected industries. When checking for heterogeneities by technological complexity of industrial output, the reform benefited non-connected industries more than connected industries, except for in natural resources and medium level manufacturing activities.
Marshalian Michelle (AMSE) Trade, Tariffs and Missing Imports: Using trade liberalization to understand business-state relations in Egypt
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/12/2019 de 13:00:00 à 14:00:00
Exporters mostly encounter trade obstacles due to unclear procedures to comply with foreign regulations,
while the implementation itself is less of a burden. In this work we investigate the protective
nature of newly introduced regulations that are not properly disclosed at the international level. We
begin by building a novel database which identifies the process of adoption of those Technical Barriers
to Trade (TBTs) that have been contested to the WTO through a Specific Trade Concern (STC).
We then cross-reference this database with a firm-level panel of French exporters and we carry out an
event study. We find that in more than 1/3 of the studied cases countries have adopted the underlying
regulations without previously announcing the change to other members. Only in these cases, the
newly introduced regulation hampers the exporting activity of firms by reducing firms’ trade value.
This effect is however temporary, ranging from one to two semesters, and it lasts less if
the content of the TBT is eventually disclosed by governments. Finally, only those exporters who are
relatively new to the destination market are hit by these unexpected changes. This evidence suggests
that, by rising procedural obstacles, countries can effectively deploy regulations that hinders imports.
IODICE Irène (AMSE) The Sound of Silence. Nontransparent technical requirements as obstacles to trade
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/11/2019 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle 116) 75013 Paris
The intangible nature of services and the lack of disaggregated trade data enlarge the difficulties involved in assessing impediments to cross-border trade in services.
In an attempt to reduce the information gap existing in services trade, this paper estimates the conditional and general equilibrium responses to the liberalization of services trade, using a three step estimation method relying on structural gravity model. Focusing on eight services sectors: construction, land transport, maritime transport, air transport, logistics services, telecommunication services, financial services and professional services, I find that the removal of restrictive policy measures applied by the importing country would lead to welfare gains between $10%$ and $31%$. The largest welfare improvements are found for the sector `Air Transport', the most restrictive sector on average, and for the smallest trading countries.
REVERDY Camille (AMSE) Estimating the General Equilibrium Effects of Services Trade Liberalization
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/10/2019 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle 116) 75013 Paris
We analyze how demand conditions faced by a firm impacts its innovation decisions. To disentangle the direction of causality between innovation and demand conditions, we construct a firm-level export demand shock which responds to aggregate conditions in a firm's export destinations but is exogenous to firm-level decisions. Using exhaustive data covering the French manufacturing sector, we show that French firms respond to exogenous growth shocks in their export destinations by patenting more; and that this response is entirely driven by the subset of initially more productive firms. The patent response arises 3 to 5 years after a demand shock, highlighting the time required to innovate. In contrast, the demand shock raises contemporaneous sales and employment for all firms, without any notable differences between high and low productivity firms. We show that this finding of a skewed innovation response to common demand shocks arises naturally from a model of endogenous innovation and competition with firm heterogeneity. The market size increase drives all firms to innovate more by increasing the innovation rents; yet by inducing more entry and thus more competition, it also discourages innovation by low productivity firms.
Lequien Matthieu (AMSE) The Heterogeneous Impact of Market Size on Innovation: Evidence from French Firm-Level Exports
Philippe Aghion (College de France-LSE), Antonin Bergeaud (Banque de France-PSE) and Marc Melitz (Harvard)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 30/09/2019 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
The aim of this paper is to investigate the impact of research institutions on innovation creation in the manufacturing sector. We find evidence on the existence of positive effects of exposure to Higher Education Institutions (HEIs) and Public Research Institutes (PRIs) on patenting activities of 36 OECD countries and China for the period 1992-2014. The evidence, which is obtained from a newly compiled database at postal code level, reveals that geographical proximity to universities is associated with more industry patenting, after controlling for differences across postal codes and country-year shocks. The results also hold when exploiting an instrumental variable approach to alleviate possible endogeneity of university location. The latter can be traced back to historical mines and public spending in R&D conducted by research institutions, which would have little direct connection to industry patenting at postal code level. We also explore possible heterogeneity of these effects and our results suggest that universities positively influence the patenting activities of local industry, especially in life and digital technologies.
EL MALLAKH Nevine (AMSE) The impact of public research institutions on Innovation
Nevine El-Mallakh (Paris 1), Caroline Paunov (OECD) and Martin Borowiecki (OECD)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/06/2019 de 13:00:00 à 14:00:00
Campus Jourdan
SZTAJEROWSKA Monika (OECD - PSE ) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 03/06/2019 de 13:00:00 à 14:00:00
Campus MSE - Room 19
TABARKI Badis (Université Paris 1 - PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 20/05/2019 de 13:00:00 à 14:00:00
Campus MSE - Room 19
LAENGLE Katharina (Université Paris 1 - PSE) *; () ;
La séance est annulée
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/04/2019 de 13:00:00 à 14:00:00
Campus MSE - Room 19
PANON Ludovic (Sciences Po) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/03/2019 de 13:00:00 à 14:00:00
Campus MSE - Room 19
EL MALLAKH Nevine (Université Paris 1) The effect of FDI liberalization on manufacturing firms’ technology upgrading
Maria Bas
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/03/2019 de 13:00:00 à 14:00:00
Koenig Pamina (PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/02/2019 de 13:00:00 à 14:00:00
MAYDA Anna Maria (Georgetown University) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 28/01/2019 de 13:00:00 à 14:00:00
ALVAREZ Bastien (ENS Paris Saclay) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/01/2019 de 13:00:00 à 14:00:00
TRESA Enxhi (Université Cergy-Pontoise) Public Procurement-Related protection: Insights from the Global Trade Alert Database
Anne-Célia Disdier, Lionel Fontagné
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/11/2018 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 116
BENASSY-QUERE Agnès (Paris 1 - PSE) Taxing capital and labor when both factors are imperfectly mobile internationally
Hippolyte d'Albis (PSE), Amélie Schurich-Rey
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/10/2018 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle S/19
TRESA Enxhi (Paris 1 - PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 15/10/2018 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle 114
TABARKI Badis (Paris 1 - PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 01/10/2018 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle S/2
ASSEM Hoda (Paris 1 - PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/09/2018 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle S/2
WIBAUX Pauline (Paris 1 - PSE) Trade Retaliation
Davide Furceri (IMF), Chris Papageorgiou (IMF)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 04/06/2018 de 13:00:00 à 14:00:00
Salle R2-20, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
Lack of information is an important trade barrier. Online platforms connecting firms can reduce this barrier and thereby affect firms’ exports. We examine whether this is the case by focusing on a free online business platform that, by the end of 2016, connected more than 16,000 firms from almost a hundred countries. In particular, we estimate the impact of using the platform on firms’ export outcomes, along both the intensive and extensive margins, exploiting data on firms’ participation in this platform along with customs data from Peru for the period 2010-2016. In so doing, we apply an instrumental variables approach whereby firms’ use of the business platform is instrumented with information on the distribution of emails announcing its launching by Peru’s national trade promotion organization. Consistent with the interpretation of the platform as an information cost-reducing mechanism, our results suggest that its utilization allowed firms to expand their exports by primarily increasing the number of products they sell abroad and enlarging their buyer base.
VOLPE Christian (Paris 1 - PSE) Information and Exports: Firm-Level Evidence from an Online Platform
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/04/2018 de 13:00:00 à 14:00:00
Room S19 MSE, 106-112 Bd de l’Hôpital, 75013 Paris
HASANNUDIN ZENATHAN (University Paris 1) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/03/2018 de 13:00:00 à 14:00:00
Room S19 MSE, 106-112 Bd de l’Hôpital, 75013 Paris
How does debt maturity structure affect Fisherian deflation? By introducing debt maturity in a Fisherian deflation model, I demonstrate how it could trigger financial crises. Using a stock-flow analysis, I show that long-term debt could alleviate the risk of current binding collateral constraint, but an excessive reliance could generate future binding collateral constraints over long horizons. It is empirically confirmed by a study based on 122 developing countries over the period 1970-2012. I highlight that debt maturity structure is a good early-warning indicator of Fisherian deflation, which provides information that adds up to the level of external debt.
LIGONNIERE Samuel (ENS Paris Saclay) Fisherian Deflation and Debt Maturity
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/03/2018 de 13:00:00 à 14:00:00
Room S19 MSE, 106-112 Bd de l’Hôpital, 75013 Paris
GSIE , gsieseminar@gmail.com. (ENS Paris Saclay) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/02/2018 de 13:00:00 à 14:00:00
Room S19 MSE, 106-112 Bd de l’Hôpital, 75013 Paris
REVERDY Camille (ITC, UNCTAD-WTO) The Export Potential of Services
Yvan Decreux and Julia Spies
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 29/01/2018 de 13:00:00 à 14:00:00
Room S3 MSE, 106-112 Bd de l’Hôpital, 75013 Paris
The Global Financial Cycle has received a big attention in the last years. Many works have found a significant and negative mean effect of some Global Financial Cycle proxies such as the VIX in risky asset prices, capital flows and leverage across different countries. This paper tries to assess the importance of the Global Financial Cycle in explaining international banking flows conditioning on the heterogeneous response of local variables to global shocks. We use the correlated part of local stock market volatility with the US stock market volatility to quantify the heterogeneous local response to global high uncertainty periods and then we test the explanatory power of the country-specific response to global shocks in a panel of international banking flows to Small Open Economies. Our results seem to asses that there is an active coordination behaviour of the Global Banking system to more exposed countries under high uncertainty periods, and taking into account the heterogeneous responses in stock markets outperforms the explanatory power of a common Global proxy of volatility. Finally, we develop a Small Open Economy DSGE model in which we analyse the impact of international interest rate shocks under different degrees of financial frictions in the local banking system to explain the heterogeneous response of local economic variables and capital flows under a global shock.
LEYVA Jaime (Paris 1, PSE) International Banking Flows, The Global Financial Cycle and Local Developments
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 15/01/2018 de 13:00:00 à 14:00:00
Room R1-15, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
This paper analyzes how firms adjust to administrative barriers. Relying on a highly detailed dataset including the universe of Russian transactions over the period 2012-2015, we seek to identify the impact of customs-specific time delays on exports flows. We focus on firm-to-firm trade and show that the time delays induced by customs clearance negatively affect firm-to-firm exports, even after controlling for other potentially confounding factors. We further explore the role of Incoterms used as a tool to delimit the risks between the exporting and importing firms throughout the shipping process. Our results show that export flows are significantly higher when exporters take full control over export clearance.
HERGHELEGIU Cristina (Paris 1, PSE) Firm adjustment to customs-driven administrative barriers
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/12/2017 de 13:00:00 à 14:00:00
Room S3 MSE, 106-112 Bd de l’Hôpital, 75013 Paris
In this article, we provide evidence of the impact of interstate tensions on international trade. Using a large panel data set on asylum applications in the EU from 2002 to 2015, we develop a novel measure of interstate tensions based on refugee admission rates. Humanitarian conditions in the origin country explain little of the variation in approval rates, asylum policies being often used by governments as a foreign policy tool. Specifically, countries are more likely to accept refugees from rival countries. We then study the impact of this measure on trade flows between the EU and the rest of the world. We find that a one percentage point increase in our asylum policy based measure leads to a drop in trade ranging from 1% to 4%. Taking into account endogeneity concerns, we also exploit the variation in asylum policy across European countries as an instrumental variable and find that a change of 1 percentage point in our measure entails a drop in trade flows of 1% to 4% from one year to the next.
PANON Ludovic (Sciences Po) The Cost of Not Getting Along: Interstate Tensions and International Trade
Florin Cucu (Sciences Po)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 13/11/2017 de 13:00:00 à 14:00:00
Room S3 MSE, 106-112 Bd de l’Hôpital, 75013 Paris
This paper provides an explanation for the persistent spatial frictions in knowledge diffusion. We argue that the underlying spatially-clustered network of innovators contributes to generating the effect attributed to distance on international knowledge flows. First, we present evidence that knowledge disseminates within a network of firms by delving into their citation behaviour. We find that firms are more likely to cite patents known by their contacts than comparable patents unknown by their contacts. We then incorporate this finding into a dynamic network formation model. The theoretical predictions hold remarkably well in the data: innovator sizes are Pareto distributed, and an increasing relationship exists between the size of an innovator and the distance at which it cites. Combining these two features is sufficient to generate a negative distance elasticity of knowledge flows.
COTTERLAZ Pierre (Sciences Po) The Percolation of Knowledge across Space
Arthur Guillouzouic Le Corff (Sciences Po)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 16/10/2017 de 13:00:00 à 14:00:00
Salle S/3, MSE, 106 boulevard de l'Hôpital, 75013 Paris
Governments spend large amounts of resources in order to attract multinational companies to their country, based on their belief that such companies generate positive spillovers to domestic firms. Although the existence of positive externalities correlated to FDI presence has been proved for the US, concerns on the significance of these effects for developing countries were raised. Also the literature has not provided empirical evidence on the validity of the channels leading to these effects. For these reasons, this paper exploits FDI reforms and Trade liberalization episodes in India in the early 1990’s to disentangle channels of FDI spillover on productivity of domestic firms; namely, the technical know-how and the foreign competition channels. Using firm level data on the period (1989-1997), we are able to identify the two main channels. Results confirm positive technological spillover through imported inputs as well as positive foreign competition. Findings also suggest that these channels are stronger for industries that are relatively more capital intensive and medium sized firms.
EL MALLAKH Nevine (Sciences Po) Disentangling channels of FDI spillover: Evidence from India
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 02/10/2017 de 13:00:00 à 14:00:00
Salle S/3, MSE, 106 boulevard de l'Hôpital, 75013 Paris
The question how offshoring affects domestic workers has been subject to empirical studies for decades. Many analyses based their work on traditional trade data as a proxy for offshoring. However, these statistics fall short in depicting intertwinings of supply chains and how foreign production factors enter domestic production. For that reason, this paper quantifies offshoring in terms of value added thus allowing to trace back how much foreign capital and labor enter domestic production. Using data from the WIOD, effects are analyzed for 14 sectors in 16 countries between 1995 and 2008. Regarding low skilled workers, results confirm implications of the model by Grossman & Rossi-Hansberg (2008). Accordingly, offshoring proved to positively influence domestic low skilled workers’ wage shares, when their tasks were moved abroad. Yet, model assumptions and the empirical setup of this paper diverge thus question the mechanisms highlighted by GRH. Importantly, the growing share of foreign capital in production negatively affects low skilled workers' wage share while positively influencing that of high skilled. Consequently, findings suggest that offshoring benefits high skilled workers and harms low skilled.
LAENGLE Katharina (Sciences Po) Global value chains and labor market adjustments
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/09/2017 de 13:00:00 à 14:00:00
Salle S/3, MSE, 106 boulevard de l'Hôpital, 75013 Paris
This paper analyzes the effects of correlated aggregate demand shocks on multinational firms’ structure. Accordingly, we build a structural model featuring global production and demand risk in which heterogeneously risk averse managers decide on the location of production plants, the set of countries to serve from these plants, and the volume of sales. These decisions hinge on the expected market demand, and the variance-covariance of the demand shocks in destination markets. The identification of firm-specific risk aversion coefficients follows from existence and uniqueness of the firm’s optimal sales portfolio. The empirical analysis uses firm-level data on German multinational companies. Our results support the existence of MNE’s diversification strategies when producing and selling abroad.
KAZAKOVA Ekaterina (Sciences Po) Export Platforms and Multinational Demand Risk Diversification
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/06/2017 de 13:00:00 à 14:00:00
Salle S/19, MSE, 106 boulevard de l'Hôpital, 75013 Paris
IODICE Irène () *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/05/2017 de 13:00:00 à 14:00:00
Salle S/19, MSE, 106 boulevard de l'hôpital, 75013 Paris
WIBAUX Pauline () *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 24/04/2017 de 13:00:00 à 14:00:00
Salle S/19, MSE, 106 boulevard de l'hôpital, 75013 Paris
OURENS Guzman () *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 27/03/2017 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris
ÖZGÜZEL Cem () Learn and Return: Learn and Return: Productive Knowledge Diffusion through Migrant Workers
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 13/03/2017 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris
GIGOUT Timothée () *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 27/02/2017 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris
Herghelegiu Cristina (ENS-PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 13/02/2017 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris
CLAVERES Guillaume (ENS-PSE) European unemployment insurance
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 30/01/2017 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris
Abstract:
This article shows that not only market integration but also financial and monetary integration can affect the dynamics of the non-tradable sector. And if the non-tradable sector expands relative to the tradable sector, economic integration can lead to a transitory accumulation of current account deficits. Adapting a model of structural change for a small open economy with a tradable and a non-tradable sector, this paper shows that market and financial integration lead to a relative price increase which can result in a relative expansion of the non-tradable sector. Financial integration also fosters a temporary demand boom in peripheral economies, leading to an expansion of the non-tradable sector and an accumulation of current account deficits. Using a novel data set for 16 countries of the Euro area, this article documents the expansion of the non-tradable sector over 1996-2007 in the Euro area periphery --significant even when excluding the housing sector from the sample. This expansion happened simultaneoulsy to (i) faster productivity growth in the tradable sector than in the non-tradable sector (ii) declining long-term nominal interest rates. In Greece, the fall in the interest rate over 1996-2007 explains up to 13% of the expansion of the non-tradable sector, and together with the Balassa-Samuelson (BS) effect, these effects account up to 80% of its variations.
PITON Sophie (Paris 1-PSE) Economic Integration and the Non-tradable Sector: The European Experience
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 05/12/2016 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris
Lebastard Laura (Paris Sud- Paris Saclay) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 21/11/2016 de 13:00:00 à 14:00:00
MSE (106, Blv de l'Hôpital, salle S115) 75013 Paris
Productivity growth is depressed in many developed countries since the end of 2000s. Literature has shown that market frictions reduce aggregate productivity growth by generating resource misallocation. However few studies have introduced traded intermediate inputs in these frameworks. International trade costs considerably decreased in the beginning of 2000s, but only some active firms in the international markets benefit from it. I provide new evidence that traded intermediate inputs generate TFP dispersion without creating misallocation. I estimate a structural model using a comprehensive dataset of French firms in manufacturing industries. I then implement a TFP decomposition to quantify the contribution of allocative efficiency in France between 1999 and 2010. I find that the misallocation slowdown contributes positively to the aggregate productivity growth between 2001 and 2006.
Sandoz Charlotte (Banque de France) Firm Variable Trade Costs, Aggregate Productivity Growth and Misallocation
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 07/11/2016 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris
Sandoz Charlotte (Banque de France) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 24/10/2016 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris
Adnin Zenathan (Banque de France) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 10/10/2016 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris
CLAVERES Guillaume (Paris 1 - PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/09/2016 de 13:00:00 à 14:00:00
MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris
Parenti Mathieu (Paris 1 - PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 30/11/2015 de 12:00:00 à 13:00:00
MSE Room S18
HINZ Julian (Paris 1/PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 16/11/2015 de 12:00:00 à 13:00:00
MSE Room S18
Monastyrenko Evgenii (Paris 1/PSE) Cross-border M&As and eco-environmental performance of European energy utilities
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 02/11/2015 de 12:00:00 à 13:00:00
MSE Room S18
Lopez Forero Margarita (Paris 1/PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/10/2015 de 12:00:00 à 13:00:00
MSE Room S18
Sandoz (Bragard) Charlotte (Paris 1/PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/10/2015 de 12:00:00 à 13:00:00
MSE Room S18
Stemmer Michael A. (Paris 1) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 05/10/2015 de 12:00:00 à 13:00:00
MSE Room S18
Ray Anna (Sciences Po/Paris 1) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/09/2015 de 12:00:00 à 13:00:00
MSE Room S18
Worack Stephan (Paris 1) The Changing Nature of Chinese R&D and Technological Collaboration: Evidence from European Patent Data
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 23/02/2015 de 12:00:00 à 13:00:00
MSE Room S19
STREINGRESS Walter (Banque de France / Université de Montréal) TBA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/02/2015 de 12:00:00 à 13:00:00
MSE Room S19
RAY Anna (PSE / Sciences Po) TBA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/01/2015 de 12:00:00 à 13:00:00
MSE Room S19
DUSSAUX Damien (CERNA / MINES ParisTech) TBA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 15/12/2014 de 12:00:00 à 13:00:00
MSE Room S17
PITON Sophie (PSE) TBA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 01/12/2014 de 12:00:00 à 13:00:00
MSE Room S17
We show that the countries of the former Austro-Hungarian monarchy trade significantly more with one another in the aftermath of the collapse of the Iron Curtain than predicted by a standard gravity model. This trade surplus declines linearly and monotonically over time. We argue that these findings suggest that decaying cultural forces explain a significant part of trading capital. We document the rate of decay of these cultural forces.
BEESTERMOELLER Matthias (Ludwig-Maximilians-University Munich) A Dissection of Trading Capital: Cultural persistence of trade in the aftermath of the fall of the Iron Curtain
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 24/11/2014 de 12:00:00 à 13:00:00
MSE Room S17
AUBRY Amandine (IRES-Université Catholique de Louvain) Migration, FDI and the Margins of Trade
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/11/2014 de 12:00:00 à 13:00:00
MSE Room S17
NUNEZ Thais (Paris School of Economics / Paris 1) International Waste Trade: The Impact of European Regulation on World Trade
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 10/11/2014 de 12:00:00 à 13:00:00
MSE Room S19
We develop a multi-country, multi-sector, trade gravity model with labour market frictions and long-term equilibrium unemployment. We find that trade liberalisation may lead to a rise in unemployment if it results in labour reallocation towards sectors with higher-than-average labour market frictions. We calibrate the model using panel trade data and estimated sector-specific labour market frictions to quantify the employment and welfare effects of the potential Transatlantic Trade and Investment Partnership (TTIP) on OECD countries.
GRUJOVIC Anja (University of Geneva) Trade and long term unemployment: A quantitative assessment
Co-author(s) Céline Carrère and Frédéric Robert-Nicoud
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 06/10/2014 de 12:00:00 à 13:00:00
MSE Room S19
PEDRONO Justine (Aix Marseille School of Economics) Banking leverage with two funding currencies
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 29/09/2014 de 12:00:00 à 13:00:00
MSE Room S19
XU Meina (PSE) Intermediaries and quality sorting in China
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/09/2014 de 12:00:00 à 13:00:00
MSE Room S19
RAY Anna (Paris School of Economics / Sciences Po) The Anatomy of Foreign Direct Investment — World Greenfield and Merger & Acquisition Flows
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/09/2014 de 12:00:00 à 13:00:00
HINZ Julian (PSE) Time-variant distances in the gravity model: the view from space
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 30/06/2014 de 12:00:00 à 13:00:00
HAIDAR Jamal Ibrahim (PSE) Sanctions and Trade Deflection
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/05/2014 de 12:00:00 à 13:00:00
MSE Room S19
In this paper, we study how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigate the way this effect is shaped by firm size and the number of destinations. Taking into account third-market effects, we distinguish bilateral volatility from multilateral volatility - the latter capturing volatilities with respect to other destination countries served by the firm. Our empirical analysis relies on export data for French exporters over the 1995-2006 period. We confirm a trade-deterring effect of bilateral RER volatility on both intensive and extensive margins of trade, and we also provide evidence for strong third-market effects : bilateral exports and entry probability increase with RER volatility of other destinations. Finally, we find that both the number of destinations and firm size magnify the effect of both volatilities. These results provide micro-founded evidence suggesting that firms face a trade-off between hedging and optimal reallocation of exports, depending mainly on the number of destinations they serve
NEDONCELLE Clément (EQUIPPE - Université de Lille) Real Exchange-Rate Volatility, Third Market Effect and Trade: Evidence from French Firm-level Data
Co-author(s) : Jérôme Héricourt (EQUIPPE - Université de Lille, CEPII, Paris 1)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 07/04/2014 de 12:00:00 à 13:00:00
MSE Room S19
RAY Anna (PSE) Expanding Multinationals - Industry Relatedness and Conglomerate M&A
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 24/03/2014 de 12:00:00 à 13:00:00
MSE Room S2
Are independent media captured in democratic countries? I address this question by looking at the news coverage of a sample of US firms between 2002 and 2010. More precisely, I focus on news about environmental, social or human rights practices of these firms. Such news are mainly covered by advocacy Non-Governmental Organizations (NGOs). These advocacy groups vary widely in their sources of revenue. Notably, some of them receive government grants, which are likely to present a chance for governments to capture these NGOs. Using a unique data set of news posted on NGOs’ websites, I find that advocacy groups receiving grants from the US government cover less firms that have connections with the US Congress. Exploiting exogenous variations in grants allocation, instrumental variable estimators report a media capture that is statistically and economically, significant, and driven by political connections.
HATTE Sophie (Université de Rouen - PSE) It's not Who You Are, it's Who You Know: Political Connections and the Media Capture
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 24/02/2014 de 12:00:00 à 13:00:00
MSE Room S19
This paper provides direct evidence of the important role played by the minimum wage in shaping the labor market effects of immigration on native outcomes. We based our analysis on France, a country characterized by a high minimum wage, and we study the impact of immigration along the distribution of native wages over the last two decades. Whereas immigration has a negative average impact on the wages of competing natives by around 1%, we find heterogeneous effects over the French wage distribution. In accordance with the prevalence of a high minimum wage, a labor supply shock induced by immigration has no significant effect on the earnings of natives below the 10th percentile. Instead, we show that immigration decreases the employment opportunity of the natives who are affected by the minimum wages.
EDO Anthony (Paris School of Economics - Paris 1) Minimum Wage and the Labor Market Effects of Migration: Evidence from France
Co-author(s)Farid Toubal (ENS, PSE, CESifo, CEPII).
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 10/02/2014 de 12:00:00 à 13:00:00
MSE Room S19
BARROWS Geoffrey (UC Berkeley, ARE) Exporting and the environment: evidence from the end of the multi-fibre agreement
Co-author(s) : Helene Ollivier (PSE - Paris 1)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 20/01/2014 de 12:00:00 à 13:00:00
MSE Room S2
BOUALAM Brahim (Université de Génève) Getting a first job: quality of the labor matching in French cities
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/12/2013 de 12:00:00 à 13:00:00
MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S2
HINZ Julian (Paris School of Economics - Paris 1) The ties that bind: Geopolitical motivation for PTAs
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/11/2013 de 12:00:00 à 13:00:00
MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3
NGUYEN Duy-Manh (Paris School of Economics - Paris 1) TBA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 28/10/2013 de 12:00:00 à 13:00:00
MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3
HATTE Sophie (Université de Rouen, PSE) News Coverage Distortion by the U.S. Government
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/10/2013 de 12:00:00 à 13:00:00
MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3
BALLER Silja (University of Oxford) Does Product Quality Matter or Gains from Trade? Theory and Evidence
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 30/09/2013 de 12:00:00 à 13:00:00
MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3
LANATI Mauro (University of Oxford) TBA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 16/09/2013 de 12:00:00 à 13:00:00
MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3
MILET Emmanuel (Paris School of Economics - Paris 1) White-collar blues? The Impact of Trade in Services on Wages and Occupations
Co-author(s) : Raul Sampognaro (Direction du Trésor) and Farid Toubal (ENS, CEPII)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 02/09/2013 de 12:00:00 à 13:00:00
MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3
In this paper we revisit empirically the question of whether trade and FDI substitute or complement each other by disentangling the different effects at the firm level. Using a variant of the structural gravity equation we investigate the impact of FDI outflows invested by a French firm on its exports. Having access to a unique dataset of FDI and trade for French firms, we are able go one step further in the disaggregation level (the firm and product) vis-à-vis past analysis done using French data. This allows the attenuation of the so-called aggregation bias which explains in some extent the persistent complementarity found in most analysis. However, given the multiproduct nature of MNEs, even at the firm level this bias might subsist across different products of the firm. Thus, in order to identify the competing trade effects of FDI we match the data with the different hypothesis examined by implementing a comparative analysis between different types of countries, different time horizons of the investment and different types of products. We find that on average even at the firm level there is a persistent complementarity. However, it is higher for non OECD than for OECD countries and the analysis suggests it is explained by a higher substitution effect in richer countries and a higher importance of vertical linkages in non OECD countries. Furthermore, in line with theory, when taking into account the timing of the investment and the different types of products exported, we are able to explicitly identify a substitution (negative) effect for the firms’ core products right after the decision of establishing a new affiliate in a rich country.
LOPEZ FORERO Margarita (Paris School of Economics - Paris 1) Exports and FDI at the firm-level in France: complements or substitutes?
Co-author(s) : Jean-Charles Bricogne (Banque de France)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 10/06/2013 de 12:00:00 à 13:00:00
MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S17
Many members of the World Trade Organization apply tariffs well below the negotiated tariff bounds. In principle, there are no legal constraints that prevent importing countries to set these tariffs close to optimal levels to exploit their market power. We found that this non-cooperative tariffs setting is observed only in the presence of substantial tariff water. Indeed, if the difference between applied and bound tariffs is below 20 percent, applied tariffs of WTO members cannot be explained by their market power, suggesting that cooperation in the WTO goes beyond observed tariff bounds. Cooperation within WTO tariff waters can be explained by the fear of retaliation from trading partners, in particular when these have considerable market power and tariff water in their schedules.
OLARREAGA Marcelo (University of Geneva - CEPR) Cooperation in WTO's Tariff Waters
Co-author(s) : Alessandro Nicita (UNCTAD) and Peri Silva (Kansas State University, Centro Studi Luca d'Agliano)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 27/05/2013 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
While intermediate inputs largely dominate today's global exchanges as production processes get "sliced" internationally, there is only little understanding on their contribution to firms'export performances. This paper establishes the direct connection between imports of intermediate inputs and export outcomes, using deta iled firm-level trade data for Morocco between 2002 and 2011. We investigate whether imported intermediate inputs promote firm exports at all margins of trade. We find robust evidence that Moroccan exporters perform better when they source inputs from abroad rather than domestically. Furthermore, greater amount, diversity and quality of imported inputs contribute significantly to raise the value, scope and quality of exported varieties. Estimated effects are always stronger for inputs sourced in OECD countries, whose technological content is arguably higher. These results suggest that, by spreading technology and new varieties, the outsourcing of inputs may strongly promote countries’ participation in export competition and patterns of quality upgrading.
LE BRIS Florian (Paris School of Economics) Linking Firms' Intermediate Inputs and Export Performances
Co-author(s) : Anne-Célia Disdier (Paris School of Economics) and Mélise Jaud (World Bank)
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/04/2013 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
Incorporating the new trade and the endogenous growth theories, this paper compares the competitiveness of France and Germany in terms of prices and quality differences. Using the unitary cost of labor as an original proxy for price differences and knowledge innovation (made up of patents and R&D expenditures) as another original proxy for quality, our paper attempts to explain the exporting structure of these two countries as well as determine their import structure under the structure of disaggregated bilateral trade over 15 sectors. We find that knowledge innovation that improves product quality contributes positively and significantly to a country's trade perfromance and that this continual investment in innovation can encourage a country to gain an upper hand over one's competitor (as in the case of France and Germany).
THANAGOPAL Thannaletchimy (Université Paris 1) Price versus Quality War : a Case Study of France and GermanyTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/03/2013 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
This paper develops a model to capture the suddenness of the recent trade collapse. We take into account the "time costs" of the headquarter besides the well-known elements of its cost function. The headquarter faces three possible ways to procure the intermediate input: vertical FDI, outsourcing and market-based procuring. Using queueing theory, we derive the "time costs" for these organizational structures. Incorporating these costs in the problem of the headquarter helps us to explain the mechanisms under which a sudden trade collapse will occur. It also helps us to address the motivation for the existence of north-north vertical FDI. Simulating the model reveals that it has the capability of generating the main qualitative features of the data on US monthly trade
MARVI Ramezan Ali (Bocconi) Global Value Chains as Networks of Queues and the Great Trade Collapse
Co-auteur : Carlo Altomonte
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/02/2013 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
Theory and empirics are ambiguous on the e ect of democracy on growth. Cross- country studies nd that democracy has no signi cant impact on growth. In contrast, within-country studies nd a strong positive e ect of transition to democracy. We reconcile this inconsistency by showing that the positive e ect of political transition is a result of swift regime change and not democratization. We identify and examine 90 successful, failed, and gradual transitions that have occurred over the last half century. This new classi cation permits us to compare successful episodes of democratization with unsuccessful ones { as opposed to with the counterfactual of no transition. Wend that both successful and failed transitions boost long-run growth by about one percentage point, but gradual change is quite costly in economic terms. The results imply that the growth dividend from political transition is a result of regime change and not democratization, and also o er new evidence on the importance of the speed of transition for economic growth. The results are robust to a number of alternative speci cations, to stricter and more lenient de nitions of democratic transition, and to including reverse transitions.
JAUD Mélise (World Bank) Regime Change, Democracy and Growth
Co-auteur : Carolina FreundTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 10/12/2012 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
GORMSEN Christian (PSE) Diasporas and Foreign Direct Investments
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 03/12/2012 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
HAIDAR Jamal Ibrahim (PSE) Do Sanctions Matter? Exporter-Level Evidence from Iran
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 05/11/2012 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
Archanskai Elizaveta (SciencesPo) Proximity as a Source of Comparative Advantage
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 01/10/2012 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
Jarreau Joachim (Paris1) "The impact of resident status regulations on immigrants’ labor supply: evidence for France"
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 24/09/2012 de 12:00:00 à 13:00:00
Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7
This paper focuses on a virtually unexplored empirical phenomenon: round-tripping of Russian capital via offshore financial centers to Russia as foreign investment. In this study, utilizing a unique firm-level dataset, we empirically test potential differences in investment behavior between round-trip and genuine foreign investors. Our main results can be summarized as follows. For medium and large firms (by capital size at registration date) we find rather convincing evidence that round-trip investments locate in Russian regions with higher resource potential and higher levels of corruption than genuine foreign investments. However, the result for corruption is opposite for small firms, i.e. genuine foreign investors establish more small firms in corrupt Russian regions than round-trip investors. This might indicate that in corrupt Russian regions foreign investors try to minimize their risks associated with regional corruption by establishing small and micro firms. Furthermore, small firms might be used for adoption of business ideas in unstable and corrupt business environment.
Milet Emmanuel (Paris1) "White-collars blues? The impact of services trade on wages and occupations"
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/09/2012 de 12:00:00 à 13:00:00
Maison des Sciences Economiques (MSE) 106-112 Bd de L'Hôpita
This paper shows that reduced heterogeneity of exporter-speci?c goods provides a di- rect explanation of the distance puzzle. Theoretical foundations of the gravity equation indicate that the distance coef?cient is the product of the elasticity of trade costs to distance and a measure of heterogeneity, i.e. the substitution elasticity in the Armington framework. The Armington elasticity has increased by 13% from 1963 to 2009 while the distance elas- ticity of trade has increased by just 7%. The evolution of the distance coef?cient is thus compatible with a 5-7% reduction in the elasticity of trade costs to distance.
DAUDIN Guillaume (Sciences Po) Heterogeneity and the Distance Puzzle
Co-Auteur : Elizaveta Archanskaia
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 20/06/2012 de 17:00:00 à 18:00:00
MSE S 115
DOUGHERTY Sean (OECD) TBA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 18/06/2012 de 12:00:00 à 13:00:00
MSE S 115
BEN YAHMED Sarra (Université d'Aix-Marseille, GREQAM) Gender Wage Gaps across Skills with Statistical Discrimination and Trade Openness
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/06/2012 de 12:00:00 à 13:00:00
MSE S 115
FE DOUKOURE Charles (Paris 1) A new Assessment of the Economic Partnership Agreements Impacts
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/11/2010 de 12:00:00 à 13:00:00
MSE-Room B2.1
Parenti Mathieu (CES, Paris I) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 18/10/2010 de 12:00:00 à 13:00:00
MSE-Room B2.1
GSIE , gsieseminar@gmail.com. (Aida Caldera) Financial constrants and exporting: firm-level evidence from France
co-écrit avec Philippe Askenazy, Delphine Idrac et Guillaume Gaulier
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 13/09/2010 de 12:00:00 à 13:00:00
MSE-Room B2.1
Ben Li (Colorado University) Firm Heterogeneity, Technology Transfer, and Ine¢ ciency:On the Choice of Partnership across Borders
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 31/05/2010 de 12:00:00 à 13:00:00
GSIE , gsieseminar@gmail.com. () *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/05/2010 de 12:00:00 à 13:00:00
FE DOUKOURE Charles (PSE) Integration and convergence in UEMOA
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 03/05/2010 de 12:00:00 à 13:00:00
MAYNERIS Florian (PSE) Entry on export markets and firm-level performance growth: Intra-industrial convergence or divergence?
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/04/2010 de 12:00:00 à 13:00:00
NEARY Peter (University of Oxford) Multi-Product Firms at Home and Away
ATTENTION : HORAIRE INHABITUEL
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 29/03/2010 de 11:30:00 à 12:30:00
MARTIN Julien (PSE) Chinese Competition and the Quality composition of French Exports
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/03/2010 de 12:00:00 à 13:00:00
GSIE , gsieseminar@gmail.com. (PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/03/2010 de 12:00:00 à 13:00:00
GSIE , gsieseminar@gmail.com. (PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/02/2010 de 12:00:00 à 13:00:00
GSIE , gsieseminar@gmail.com. (PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/02/2010 de 12:00:00 à 13:00:00
GSIE , gsieseminar@gmail.com. (PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/01/2010 de 12:00:00 à 13:00:00
ZAKI Chahir () Trade policy and Wage Inequality in Egypt : Evidence from micro data
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 18/01/2010 de 12:00:00 à 13:00:00
GSIE , gsieseminar@gmail.com. () *
PSE recruiting seminar
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/01/2010 de 12:00:00 à 13:00:00
GSIE , gsieseminar@gmail.com. () *
PSE recruiting seminar
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 04/01/2010 de 12:00:00 à 13:00:00
GSIE , gsieseminar@gmail.com. () *
PSE recruiting seminar
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 07/12/2009 de 12:00:00 à 13:00:00
MSE-PARIS 1
GSIE , gsieseminar@gmail.com. () *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 23/11/2009 de 12:00:00 à 13:00:00
MSE-PARIS 1
ZAKI Chahir (Université Paris1) Rethinking the Effect of Trade Liberalization in Egypt : A Microsimulation Analysis
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 02/11/2009 de 12:00:00 à 13:00:00
MSE-PARIS 1
McCANN Fergal (Université Paris1) International outsourcing's role in international technology diffusion : the Irish case
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/10/2009 de 12:00:00 à 13:00:00
MSE-PARIS 1
PY Loriane (Univ. Paris 1) Overseas R&D and Performance Abroad : Evidence from Japanese Multinational Firms
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 12/10/2009 de 12:00:00 à 13:00:00
MSE-PARIS 1
SAMPAGNORO Raoul (Univ. Paris 1) Productivity Dynamics, International Trade and Firm Selection : a Quantitative Assessment
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 28/09/2009 de 12:00:00 à 13:00:00
MSE-Paris 1
VICARD Vincent (Bank of France) National borders matter ... where one draws the line too
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 21/09/2009 de 12:00:00 à 13:00:00
MSE-Paris 1
DOUGHERTY Sean (OECD) Openness, regulation, and firm productivity in OECD countries
with S. Ben Yahmed
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 14/09/2009 de 12:00:00 à 13:00:00
MSE-Paris 1
ZUGRAVU Natalia (MSE) Trade and Sustainable Development: Should transition countries open their markets to environmental goods?
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 29/06/2009 de 12:00:00 à 13:00:00
PY Loriane (PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 22/06/2009 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
CARLUCCIO Juan (PSE) Labor Market regulations and the Boundaries of Multinational Firms
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 25/05/2009 de 12:00:00 à 13:00:00
SAMPOGNARO Raul (Crest-Paris 1) *; () ;
La séance est annulée
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/05/2009 de 12:30:00 à 13:30:00
PAILLACAR Rodrigo (PSE) Footloose cities in Terra Incognita: Hysteresis in the Spanish urban system in the New World
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 04/05/2009 de 12:00:00 à 13:00:00
MSE salle 115
GORMSEN Christian (Aarhus University) Intransparent Pices: A Model of Intra-Industry Trade due to Incomplete Information
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 27/04/2009 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
JAUD Mélise (PSE-LEA) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 06/04/2009 de 12:00:00 à 13:00:00
TURNER Matt (University of Toronto) Land use regulation and welfare
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 30/03/2009 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
ZAKI Chahir (PSE) Rethinking the Effect of Cutting Red Tap in Egypt: A Dynamic CGE Analysis
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 23/03/2009 de 00:00:00 à 00:00:00
MSE Paris 1, salle 115
ANOULIES Lisa (PSE) Environmental regulation, trade integration and cooperationTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/03/2009 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
PAILLACAR Rodrigo (PSE) An empirical study of the world economic geography of manufacturing industries (1980-2003)Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 02/03/2009 de 00:00:00 à 00:00:00
MSE Paris 1, salle 115
DOUGHERTY Sean (OCDE) Regulatory Costs And Trade-related Reallocation in the OECD
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/02/2009 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
KRAUTHEIM Sébastian (PSE) Profit Shifting' FDI and International Tax Competition
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/01/2009 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
MARTIN Julien (CREST, Paris1-PSE) Spatial Price Discrimination in International MarketsTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/01/2009 de 12:00:00 à 13:00:00
MARTIN Julien (CREST) Spatial Price Discrimination in International Markets; () ;
La séance est annulée
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 15/12/2008 de 12:00:00 à 13:00:00
KRAUTHEIM Sébastian (PSE) Export Supporting FDI
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 08/12/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
HERING Laura (PSE) The heterogeneity of the impact of investing abroad: Evidence from the matched Japanese firms
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 01/12/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
HAMANO Masashige (Univ. de Rennes 1) Globalization, Variety Trade and Rising Inequality in the NationTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/11/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
LENNON Caroline (PSE) Export diversification as an Absorber of External Shocks
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 10/11/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle des thèses
ANDERSON James (Boston College) Globalization and Income Distribution: A Specfic Factors Continuum ApproachTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 03/11/2008 de 12:00:00 à 13:00:00
LIMARDI Michaela (PSE) *; () ;
La séance est annulée
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 20/10/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 114
MAYNERIS Florian (PSE) Local Export Spillovers in France
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 29/09/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
POTIN Jacques (ESSEC) A League of their Own: High-Quality Producers and International TradeTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 15/09/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 115
BAS Maria (PSE) The impact of foreign competition and trade in intermediates on the extensive margins of technology adoption and trade
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 23/06/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
LENNON C. (aff. n.c.) Trade in services: Cross border trade vs commercial presence. Evidence of complementarity
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 16/06/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
ZAKI C. (aff. n.c.) Does trade facilitation matter in bilateral trade ?
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 09/06/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
COUTTENIER M. (aff. n.c.) Relationship between institutions and natural resources
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/05/2008 de 00:00:00 à 00:00:00
GSIE , gsieseminar@gmail.com. () *; () ;
La séance est annulée
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/05/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
CHATELAIS N. (aff. n.c.) Are Small Countries Leaders of the European Tax Competition ?
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 05/05/2008 de 12:00:00 à 13:00:00
GUILLIN A. (Centre d'Economie de la Sorbonne-Paris 1) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 07/04/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
FALLY T. (PSE) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/03/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
PAPPADA F. (aff. n.c.) The real adjustment of the US current account position in a model with firms' heterogeneity
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 11/02/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
BERTHOU A. (Centre d'Economie de la Sorbonne-Paris 1) Real exchange rate movements and bilateral exports : the dampening effect of trade costs
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 04/02/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
KARAM F. (Centre d'Economie de la Sorbonne-Paris 1) *
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 21/01/2008 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
ZAKI C. (Centre d'Economie de la Sorbonne-Paris 1) *; () ;
La séance est annulée
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 17/12/2007 de 12:00:00 à 13:00:00
VICARD V. (Centre d'Economie de la Sorbonne-Paris 1) Trade, Conflicts, and Political Integration: Explaining the Heterogeneity of Regional Trade Agreements
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 26/11/2007 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
EYQUEM A. (Univ. de Rennes 1) Assessing the Welfare Gains of Tade Integration in the EMU
Co-auteur : J.M. PoutineauTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 19/11/2007 de 12:00:00 à 13:00:00
TAI S (aff. n.c.) How Market Structure Explains the Link between Migration & Trade?Texte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 05/11/2007 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
HAMANO M. (aff. n.c.) The HBS effect with extensive margins
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 15/10/2007 de 12:00:00 à 13:00:00
MSE-Paris 1, salle 113
MAYNERIS F. (EHESS) Politiques publiques de soutien aux clustersTexte intégral
GSIELM (Graduate Students International Economics and Labor Market) Lunch Seminar
Le 00/00/0000 de 13:00:00 à 14:00:00
Maison des Sciences Economiques, Salle S/2
WIBAUX Pauline (Paris 1 - PSE) Trade Retaliation
Davide Furceri (IMF), Chris Papageorgiou (IMF)