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• Lundi 25 janvier 2021 13:00-14:00

  https://zoom.univ-paris1.fr/j/99471949261?pwd=TW5RRDRrc2xOUXh0UjEzc1pkRy8wQT09

  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)

  Résumé

  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.

  Texte intégral [pdf]

Archives

• Lundi 14 décembre 2020 13:00-14:00

  https://zoom.univ-paris1.fr/j/93971422235?pwd=eDdyZEJ2SUpsQnByUnR5eUpRMkV5Zz09

  RASTER Tom (PSE) : The Hanseatic League versus its competitors: Evidence from millions of shipments

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 30 novembre 2020 13:00-14:00

  https://zoom.univ-paris1.fr/j/97965760768?pwd=cmNIcE1CK1FBY2FDamV2UmJIUXMzZz09

  Productivity Slowdown and MNEs’ Intangibles: where is productivity measured?

  Jean-Charles Bricongne (Banque de France), Margarita Lopez-Forero (France Stratégie, Dauphine)

  Résumé

  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.

• Lundi 16 novembre 2020 13:00-14:00

  https://zoom.univ-paris1.fr/j/92734307077?pwd=dHNLZXVtODJzbVVheURuc1d1UWxkQT09

  KÖGEL Clara (Paris 1 - OECD) : 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)

  Résumé

  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.

• Lundi 2 novembre 2020 13:00-14:00

  https://zoom.univ-paris1.fr/j/98263373635?pwd=QlduZzA3ZFdwbU5sMC90emJXOFRJUT09

  ASSEM Hoda (PSE) : How Political Tensions Impact Trade: Evidence from Egypt

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 19 octobre 2020 13:00-14:00

  https://zoom.univ-paris1.fr/j/97838602106?pwd=SGtZS2ZnOUd2M1FxTlNtSGIxRHd3UT09

  LONDON Melina (AMSE) : Cross-Sector Interactions in Western Europe: Lessons From Trade Credit Data

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 5 octobre 2020 13:00-14:00

  https://zoom.univ-paris1.fr/j/99631640491?pwd=WlpUZXJhNHdHNm42cHBMQXJvTEhPQT09

  BOCQUET Leonard (ENS) : Inefficient Market Selection: The Role of Uncertainty and Credit Frictions

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 21 septembre 2020 13:00-14:00

  https://zoom.univ-paris1.fr/j/93616552456?pwd=RUFic0gzT2lGSnl2QWNtbmUrcEE5dz09

  PATAULT Bérengère (CREST/Ecole Polytechnique) : How valuable are business networks? Evidence from salesmen in international markets

  Clémence Lenoir (INSEE)

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 22 juin 2020 13:00-14:00

  https://zoom.univ-paris1.fr/j/98159672731?pwd=ZitmQm5qekg4dWZub0pudWdoQXo0QT09

  FIZE Etienne (CAE) : Macroeconomic imbalances and the rise of protectionism

  Samuel Delpeuch (SciencesPo) and Philippe Martin (CEPR, SciencesPo, CAE)

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 8 juin 2020 13:00-14:00

  Join Zoom Meeting: https://zoom.univ-paris1.fr/j/92350573618?pwd=N0lvdlJETG1zR295MGg0NzB6NlAzZz09 Meeting ID: 923 5057 3618 Password: 986325

  ALVAREZ Bastien (ENS Paris-Saclay) : European Integration and the Trade-off between Offshoring and Immigration

  Enxhi Tresa (THEMA, CY Cergy Paris Université)

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 2 mars 2020 13:00-14:00

  MSE, room 019

  COTTERLAZ-CARRAZ Pierre (CEPII & Sciences Po (Department of Economics)) : Information in the First Globalization: News Agencies and Trade

  Etienne Fize (Science Po & CAE)

  Résumé

  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.

• Lundi 3 février 2020 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle 019) 75013 Paris

  MARSHALIAN Michelle (DIAL, Paris 1 Panthéon Sorbonne, Dauphine) : Trade, Tariffs and Missing Imports: Using trade liberalization to understand business-state relations in Egypt

  Résumé

  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.

• Lundi 9 décembre 2019 13:00-14:00

  IODICE Irène (Scuola Superiore Sant’Anna - Paris 1 - EMbeDS) : The Sound of Silence. Nontransparent technical requirements as obstacles to trade

  Résumé

  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.

• Lundi 25 novembre 2019 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle 116) 75013 Paris

  REVERDY Camille (Paris 1 - PSE) : Estimating the General Equilibrium Effects of Services Trade Liberalization

  Résumé

  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.

• Lundi 14 octobre 2019 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle 116) 75013 Paris

  LEQUIEN Matthieu (Banque de France-PSE-Insee) : 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)

  Résumé

  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.

• Lundi 30 septembre 2019 13:00-14:00

  Maison des Sciences Economiques, Salle 116

  EL MALLAKH Nevine (Paris 1) : The impact of public research institutions on Innovation

  Nevine El-Mallakh (Paris 1), Caroline Paunov (OECD) and Martin Borowiecki (OECD)

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 17 juin 2019 13:00-14:00

  Campus Jourdan

  SZTAJEROWSKA Monika (OECD - PSE ) : *

• Lundi 3 juin 2019 13:00-14:00

  Campus MSE - Room 19

  TABARKI Badis (Université Paris 1 - PSE) : *

• Lundi 20 mai 2019 13:00-14:00

  La séance a été annulée.

  Campus MSE - Room 19

  LAENGLE Katharina (Université Paris 1 - PSE) : *

• Lundi 8 avril 2019 13:00-14:00

  Campus MSE - Room 19

  PANON Ludovic (Sciences Po) : *

• Lundi 25 mars 2019 13:00-14:00

  Campus MSE - Room 19

  EL MALLAKH Nevine (Paris 1) : The effect of FDI liberalization on manufacturing firms’ technology upgrading

  Maria Bas

• Lundi 11 mars 2019 13:00-14:00

  KOENIG Pamina (PSE) : *

• Lundi 11 février 2019 13:00-14:00

  MAYDA Anna Maria (Georgetown University) : *

• Lundi 28 janvier 2019 13:00-14:00

  ALVAREZ Bastien (ENS Paris-Saclay) : *

• Lundi 14 janvier 2019 13:00-14:00

  TRESA Enxhi (Université Cergy-Pontoise) : Public Procurement-Related protection: Insights from the Global Trade Alert Database

  Anne-Célia Disdier, Lionel Fontagné

• Lundi 26 novembre 2018 13:00-14:00

  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

• Lundi 22 octobre 2018 13:00-14:00

  Maison des Sciences Economiques, Salle S/19

  TRESA Enxhi (Université Cergy-Pontoise) : *

• Lundi 15 octobre 2018 13:00-14:00

  Maison des Sciences Economiques, Salle 114

  TABARKI Badis (Université Paris 1 - PSE) : *

• Lundi 1er octobre 2018 13:00-14:00

  Maison des Sciences Economiques, Salle S/2

  ASSEM Hoda (PSE) : *

• Lundi 17 septembre 2018 13:00-14:00

  Maison des Sciences Economiques, Salle S/2

  WIBAUX Pauline (Paris 1 - PSE) : Trade Retaliation

  Davide Furceri (IMF), Chris Papageorgiou (IMF)

• Lundi 4 juin 2018 13:00-14:00

  Salle R2-20, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris

  VOLPE Christian (Inter-American Development Bank) : Information and Exports: Firm-Level Evidence from an Online Platform

  Résumé

  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.

• Lundi 9 avril 2018 13:00-14:00

  Room S19 MSE, 106-112 Bd de l’Hôpital, 75013 Paris

  HASANNUDIN ZENATHAN (Paris 1 ) : *

• Lundi 26 mars 2018 13:00-14:00

  Room S19 MSE, 106-112 Bd de l’Hôpital, 75013 Paris

  LIGONNIERE Samuel (ENS Paris Saclay) : Fisherian Deflation and Debt Maturity

  Résumé

  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.

• Lundi 12 mars 2018 13:00-14:00

  Room S19 MSE, 106-112 Bd de l’Hôpital, 75013 Paris

  *

• Lundi 12 février 2018 13:00-14:00

  Room S19 MSE, 106-112 Bd de l’Hôpital, 75013 Paris

  REVERDY Camille (Paris 1 - PSE) : The Export Potential of Services

  Yvan Decreux and Julia Spies

• Lundi 29 janvier 2018 13:00-14:00

  Room S3 MSE, 106-112 Bd de l’Hôpital, 75013 Paris

  LEYVA Jaime (Paris 1, PSE) : International Banking Flows, The Global Financial Cycle and Local Developments

  Résumé

  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.

• Lundi 15 janvier 2018 13:00-14:00

  Room R1-15, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris

  HERGHELEGIU Cristina (Paris 1, PSE) : Firm adjustment to customs-driven administrative barriers

  Résumé

  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.

• Lundi 11 décembre 2017 13:00-14:00

  Room S3 MSE, 106-112 Bd de l’Hôpital, 75013 Paris

  PANON Ludovic (Sciences Po) : The Cost of Not Getting Along: Interstate Tensions and International Trade

  Florin Cucu (Sciences Po)

  Résumé

  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.

• Lundi 13 novembre 2017 13:00-14:00

  Room S3 MSE, 106-112 Bd de l’Hôpital, 75013 Paris

  COTTERLAZ Pierre (Sciences Po) : The Percolation of Knowledge across Space

  Arthur Guillouzouic Le Corff (Sciences Po)

  Résumé

  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.

• Lundi 16 octobre 2017 13:00-14:00

  Salle S/3, MSE, 106 boulevard de l'Hôpital, 75013 Paris

  EL MALLAKH Nevine (Paris 1) : Disentangling channels of FDI spillover: Evidence from India

  Résumé

  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.

• Lundi 2 octobre 2017 13:00-14:00

  Salle S/3, MSE, 106 boulevard de l'Hôpital, 75013 Paris

  LAENGLE Katharina (Université Paris 1 - PSE) : Global value chains and labor market adjustments

  Résumé

  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.

• Lundi 25 septembre 2017 13:00-14:00

  Salle S/3, MSE, 106 boulevard de l'Hôpital, 75013 Paris

  KAZAKOVA Ekaterina (Mannheim) : Export Platforms and Multinational Demand Risk Diversification

  Résumé

  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.

• Lundi 19 juin 2017 13:00-14:00

  Salle S/19, MSE, 106 boulevard de l'Hôpital, 75013 Paris

  IODICE Irène (Scuola Superiore Sant’Anna - Paris 1 - EMbeDS) : *

• Lundi 22 mai 2017 13:00-14:00

  Salle S/19, MSE, 106 boulevard de l'hôpital, 75013 Paris

  WIBAUX Pauline (Paris 1 - PSE) : *

• Lundi 24 avril 2017 13:00-14:00

  Salle S/19, MSE, 106 boulevard de l'hôpital, 75013 Paris

  OURENS Guzman (FNRS and IRES -Université catholique de Louvain) : *

• Lundi 27 mars 2017 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris

  OZGUZEL Cem (OECD) : Learn and Return: Learn and Return: Productive Knowledge Diffusion through Migrant Workers

• Lundi 13 mars 2017 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris

  GIGOUT Timothée (Banque de France) : *

• Lundi 27 février 2017 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris

  HERGHELEGIU Cristina (ENS-PSE) : *

• Lundi 13 février 2017 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris

  CLAVERES Guillaume (Paris 1-PSE) : European unemployment insurance

• Lundi 30 janvier 2017 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S/19) 75013 Paris

  PITON Sophie (PSE) : Economic Integration and the Non-tradable Sector: The European Experience

  Résumé

  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.

• Lundi 5 décembre 2016 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris

  LEBASTARD Laura (Paris Sud - Paris Saclay) : *

• Lundi 21 novembre 2016 13:00-14:00

  MSE (106, Blv de l'Hôpital, salle S115) 75013 Paris

  SANDOZ Charlotte (Banque de France) : Firm Variable Trade Costs, Aggregate Productivity Growth and Misallocation

  Résumé

  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.

• Lundi 7 novembre 2016 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris

  SANDOZ Charlotte (Banque de France) : *

• Lundi 24 octobre 2016 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris

  ADNIN Zenathan (cnrs) : *

• Lundi 10 octobre 2016 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris

  CLAVERES Guillaume (Paris 1-PSE) : *

• Lundi 26 septembre 2016 13:00-14:00

  MSE(106, Blv de l'Hôpital, salle S115) 75013 Paris

  PARENTI Mathieu (Université Libre de Bruxelles) : *

• Lundi 30 novembre 2015 12:00-13:00

  MSE Room S18

  HINZ Julian : *

• Lundi 16 novembre 2015 12:00-13:00

  MSE Room S18

  MONASTYRENKO Evgenii (Paris 1 - PSE) : Cross-border M&As and eco-environmental performance of European energy utilities

• Lundi 2 novembre 2015 12:00-13:00

  MSE Room S18

  LOPEZ FORERO Margarita (Paris 1/PSE) : *

• Lundi 19 octobre 2015 12:00-13:00

  MSE Room S18

  SANDOZ (BRAGARD) Charlotte (Paris 1/PSE) : *

• Lundi 12 octobre 2015 12:00-13:00

  MSE Room S18

  STEMMER Michael A. (Paris 1) : *

• Lundi 5 octobre 2015 12:00-13:00

  MSE Room S18

  RAY Anna (Sciences Po/Paris 1) : *

• Lundi 14 septembre 2015 12:00-13:00

  MSE Room S18

  WORACK Stephan (Paris 1) : The Changing Nature of Chinese R&D and Technological Collaboration: Evidence from European Patent Data

• Lundi 23 février 2015 12:00-13:00

  MSE Room S19

  STREINGRESS Walter (Banque de France / Université de Montréal) : TBA

• Lundi 9 février 2015 12:00-13:00

  MSE Room S19

  RAY Anna (PSE / Sciences Po) : TBA

• Lundi 12 janvier 2015 12:00-13:00

  MSE Room S19

  DUSSAUX Damien (CERNA / MINES ParisTech) : TBA

• Lundi 15 décembre 2014 12:00-13:00

  MSE Room S17

  PITON Sophie (PSE) : TBA

• Lundi 1er décembre 2014 12:00-13:00

  MSE Room S17

  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

  Résumé

  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.

• Lundi 24 novembre 2014 12:00-13:00

  MSE Room S17

  AUBRY Amandine (IRES-Université Catholique de Louvain) : Migration, FDI and the Margins of Trade

• Lundi 17 novembre 2014 12:00-13:00

  MSE Room S17

  NUNEZ Thais (Paris School of Economics / Paris 1) : International Waste Trade: The Impact of European Regulation on World Trade

• Lundi 10 novembre 2014 12:00-13:00

  MSE Room S19

  GRUJOVIC Anja (University of Geneva) : Trade and long term unemployment: A quantitative assessment

  Co-author(s) Céline Carrère and Frédéric Robert-Nicoud

  Résumé

  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.

• Lundi 6 octobre 2014 12:00-13:00

  MSE Room S19

  PEDRONO Justine (Aix Marseille School of Economics) : Banking leverage with two funding currencies

• Lundi 6 octobre 2014 12:00-13:00

  MSE Room S19

  PEDRONO Justine (Aix Marseille School of Economics) : Banking leverage with two funding currencies

• Lundi 29 septembre 2014 12:00-13:00

  MSE Room S19

  XU Meina (PSE) : Intermediaries and quality sorting in China

• Lundi 29 septembre 2014 12:00-13:00

  MSE Room S19

  XU Meina (PSE) : Intermediaries and quality sorting in China

• Lundi 22 septembre 2014 12:00-13:00

  MSE Room S19

  RAY Anna (Paris School of Economics / Sciences Po) : The Anatomy of Foreign Direct Investment — World Greenfield and Merger & Acquisition Flows

• Lundi 22 septembre 2014 12:00-13:00

  MSE Room S19

  RAY Anna (Paris School of Economics / Sciences Po) : The Anatomy of Foreign Direct Investment — World Greenfield and Merger & Acquisition Flows

• Lundi 8 septembre 2014 12:00-13:00

  HINZ Julian (PSE) : Time-variant distances in the gravity model: the view from space

• Lundi 8 septembre 2014 12:00-13:00

  HINZ Julian (PSE) : Time-variant distances in the gravity model: the view from space

• Lundi 30 juin 2014 12:00-13:00

  HAIDAR Jamal Ibrahim (PSE) : Sanctions and Trade Deflection

• Lundi 19 mai 2014 12:00-13:00

  MSE Room S19

  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)

  Résumé

  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

• Lundi 7 avril 2014 12:00-13:00

  MSE Room S19

  RAY Anna (PSE) : Expanding Multinationals - Industry Relatedness and Conglomerate M&A

• Lundi 24 mars 2014 12:00-13:00

  MSE Room S2

  HATTE Sophie (Université de Rouen - PSE) : It's not Who You Are, it's Who You Know: Political Connections and the Media Capture

  Résumé

  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.

• Lundi 24 février 2014 12:00-13:00

  MSE Room S19

  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).

  Résumé

  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.

• Lundi 10 février 2014 12:00-13:00

  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)

• Lundi 20 janvier 2014 12:00-13:00

  MSE Room S2

  BOUALAM Brahim (Université de Génève) : Getting a first job: quality of the labor matching in French cities

• Lundi 9 décembre 2013 12:00-13:00

  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

• Lundi 25 novembre 2013 12:00-13:00

  MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3

  NGUYEN Duy-Manh (Paris School of Economics - Paris 1) : TBA

• Lundi 28 octobre 2013 12:00-13:00

  MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3

  HATTE Sophie (Université de Rouen, PSE) : News Coverage Distortion by the U.S. Government

• Lundi 14 octobre 2013 12:00-13:00

  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

• Lundi 30 septembre 2013 12:00-13:00

  MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3

  LANATI Mauro : TBA

• Lundi 16 septembre 2013 12:00-13:00

  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)

• Lundi 2 septembre 2013 12:00-13:00

  MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S3

  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)

  Résumé

  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.

• Lundi 10 juin 2013 12:00-13:00

  MSE - 106-112, boulevard d'Hôpital - 75013 Paris ; Room S17

  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)

  Résumé

  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.

  Texte intégral [pdf]

• Lundi 27 mai 2013 12:00-13:00

  Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7

  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)

  Résumé

  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.

• Lundi 22 avril 2013 12:00-13:00

  Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7

  THANAGOPAL Thannaletchimy (Université Paris 1) : Price versus Quality War : a Case Study of France and Germany

  Résumé

  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).

  Texte intégral [pdf]

• Lundi 11 mars 2013 12:00-13:00

  Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7

  MARVI Ramezan Ali (Bocconi) : Global Value Chains as Networks of Queues and the Great Trade Collapse

  Co-auteur : Carlo Altomonte

  Résumé

  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

• Lundi 25 février 2013 12:00-13:00

  Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7

  JAUD Mélise (World Bank) : Regime Change, Democracy and Growth

  Co-auteur : Carolina Freund

  Résumé

  Theory and empirics are ambiguous on the eect 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 eect of transition to democracy. We reconcile this inconsistency by showing that the positive eect 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 oer 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.

  Texte intégral [pdf]

• Lundi 10 décembre 2012 12:00-13:00

  Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7

  GORMSEN Christian (PSE) : Diasporas and Foreign Direct Investments

• Lundi 3 décembre 2012 12:00-13:00

  Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7

  HAIDAR Jamal Ibrahim (PSE) : Do Sanctions Matter? Exporter-Level Evidence from Iran

• Lundi 5 novembre 2012 12:00-13:00

  Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7

  ARCHANSKAI Elizaveta (SciencesPo) : Proximity as a Source of Comparative Advantage

• Lundi 1er octobre 2012 12:00-13:00

  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"

• Lundi 24 septembre 2012 12:00-13:00

  Maison Sciences Economics 106 - 112 boulevard de l’Hôpital 7

  MILET Emmanuel (Paris1) : "White-collars blues? The impact of services trade on wages and occupations"

  Résumé

  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.

• Lundi 17 septembre 2012 12:00-13:00

  Maison des Sciences Economiques (MSE) 106-112 Bd de L'Hôpita

  DAUDIN Guillaume (Sciences Po) : Heterogeneity and the Distance Puzzle

  Co-Auteur : Elizaveta Archanskaia

  Résumé

  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.

• Mercredi 20 juin 2012 17:00-18:00

  MSE S 115

  DOUGHERTY Sean (OECD) : TBA

• Lundi 18 juin 2012 12:00-13:00

  MSE S 115

  BEN YAHMED Sarra (Université d'Aix-Marseille, GREQAM) : Gender Wage Gaps across Skills with Statistical Discrimination and Trade Openness

• Lundi 11 juin 2012 12:00-13:00

  MSE S 115

  FE DOUKOURE Charles (Paris 1) : A new Assessment of the Economic Partnership Agreements Impacts

• Lundi 8 novembre 2010 12:00-13:00

  MSE-Room B2.1

  PARENTI Mathieu (CES, Paris I) : *

• Lundi 18 octobre 2010 12:00-13:00

  MSE-Room B2.1

  Financial constrants and exporting: firm-level evidence from France

  co-écrit avec Philippe Askenazy, Delphine Idrac et Guillaume Gaulier

• Lundi 13 septembre 2010 12:00-13:00

  MSE-Room B2.1

  BEN LI (Colorado University) : Firm Heterogeneity, Technology Transfer, and Ine¢ ciency:On the Choice of Partnership across Borders

• Lundi 31 mai 2010 12:00-13:00

  *

• Lundi 17 mai 2010 12:00-13:00

  FE DOUKOURE Charles (PSE) : Integration and convergence in UEMOA

• Lundi 3 mai 2010 12:00-13:00

  MAYNERIS Florian (PSE) : Entry on export markets and firm-level performance growth: Intra-industrial convergence or divergence?

• Lundi 12 avril 2010 12:00-13:00

  NEARY Peter (University of Oxford) : Multi-Product Firms at Home and Away

  ATTENTION : HORAIRE INHABITUEL

• Lundi 29 mars 2010 11:30-12:30

  MARTIN Julien (PSE) : Chinese Competition and the Quality composition of French Exports

• Lundi 22 mars 2010 12:00-13:00

  *

• Lundi 8 mars 2010 12:00-13:00

  *

• Lundi 22 février 2010 12:00-13:00

  *

• Lundi 8 février 2010 12:00-13:00

  *

• Lundi 25 janvier 2010 12:00-13:00

  ZAKI Chahir : Trade policy and Wage Inequality in Egypt : Evidence from micro data

• Lundi 18 janvier 2010 12:00-13:00

  *

  PSE recruiting seminar

• Lundi 11 janvier 2010 12:00-13:00

  *

  PSE recruiting seminar

• Lundi 4 janvier 2010 12:00-13:00

  *

  PSE recruiting seminar

• Lundi 7 décembre 2009 12:00-13:00

  MSE-PARIS 1

  *

• Lundi 23 novembre 2009 12:00-13:00

  MSE-PARIS 1

  ZAKI Chahir (Université Paris1) : Rethinking the Effect of Trade Liberalization in Egypt : A Microsimulation Analysis

• Lundi 2 novembre 2009 12:00-13:00

  MSE-PARIS 1

  MCCANN Fergal : International outsourcing's role in international technology diffusion : the Irish case

• Lundi 2 novembre 2009 12:00-13:00

  MSE-PARIS 1

  MCCANN Fergal : International outsourcing's role in international technology diffusion : the Irish case

• Lundi 26 octobre 2009 12:00-13:00

  MSE-PARIS 1

  PY Loriane (Univ. Paris 1) : Overseas R&D and Performance Abroad : Evidence from Japanese Multinational Firms

• Lundi 26 octobre 2009 12:00-13:00

  MSE-PARIS 1

  PY Loriane (Univ. Paris 1) : Overseas R&D and Performance Abroad : Evidence from Japanese Multinational Firms

• Lundi 12 octobre 2009 12:00-13:00

  MSE-PARIS 1

  SAMPAGNORO Raoul : Productivity Dynamics, International Trade and Firm Selection : a Quantitative Assessment

• Lundi 12 octobre 2009 12:00-13:00

  MSE-PARIS 1

  SAMPAGNORO Raoul : Productivity Dynamics, International Trade and Firm Selection : a Quantitative Assessment

• Lundi 28 septembre 2009 12:00-13:00

  MSE-Paris 1

  VICARD Vincent (Bank of France) : National borders matter ... where one draws the line too

• Lundi 28 septembre 2009 12:00-13:00

  MSE-Paris 1

  VICARD Vincent (Bank of France) : National borders matter ... where one draws the line too

• Lundi 21 septembre 2009 12:00-13:00

  MSE-Paris 1

  DOUGHERTY Sean (OECD) : Openness, regulation, and firm productivity in OECD countries

  with S. Ben Yahmed

• Lundi 21 septembre 2009 12:00-13:00

  MSE-Paris 1

  DOUGHERTY Sean (OECD) : Openness, regulation, and firm productivity in OECD countries

  with S. Ben Yahmed

• Lundi 14 septembre 2009 12:00-13:00

  MSE-Paris 1

  ZUGRAVU Natalia (MSE) : Trade and Sustainable Development: Should transition countries open their markets to environmental goods?

• Lundi 14 septembre 2009 12:00-13:00

  MSE-Paris 1

  ZUGRAVU Natalia (MSE) : Trade and Sustainable Development: Should transition countries open their markets to environmental goods?

• Lundi 29 juin 2009 12:00-13:00

  PY Loriane (PSE) : *

• Lundi 29 juin 2009 12:00-13:00

  PY Loriane (PSE) : *

• Lundi 29 juin 2009 12:00-13:00

  PY Loriane (PSE) : *

• Lundi 22 juin 2009 12:00-13:00

  MSE-Paris 1, salle 115

  CARLUCCIO Juan (PSE) : Labor Market regulations and the Boundaries of Multinational Firms

• Lundi 22 juin 2009 12:00-13:00

  MSE-Paris 1, salle 115

  CARLUCCIO Juan (PSE) : Labor Market regulations and the Boundaries of Multinational Firms

• Lundi 22 juin 2009 12:00-13:00

  MSE-Paris 1, salle 115

  CARLUCCIO Juan (PSE) : Labor Market regulations and the Boundaries of Multinational Firms

• Lundi 25 mai 2009 12:00-13:00

  La séance a été annulée.

  SAMPOGNARO Raul (Crest-Paris 1) : *

• Lundi 11 mai 2009 12:30-13:30

  PAILLACAR Rodrigo (PSE) : Footloose cities in Terra Incognita: Hysteresis in the Spanish urban system in the New World

• Lundi 4 mai 2009 12:00-13:00

  MSE salle 115

  GORMSEN Christian (Aarhus University) : Intransparent Pices: A Model of Intra-Industry Trade due to Incomplete Information

• Lundi 27 avril 2009 12:00-13:00

  MSE-Paris 1, salle 115

  JAUD Mélise (PSE-LEA) : *

• Lundi 6 avril 2009 12:00-13:00

  TURNER Matt (University of Toronto) : Land use regulation and welfare

• Lundi 30 mars 2009 12:00-13:00

  MSE-Paris 1, salle 115

  ZAKI Chahir (PSE) : Rethinking the Effect of Cutting Red Tap in Egypt: A Dynamic CGE Analysis

• Lundi 23 mars 2009

  MSE Paris 1, salle 115

  ANOULIES Lisa (PSE) : Environmental regulation, trade integration and cooperation

  Texte intégral [pdf]

• Lundi 9 mars 2009 12:00-13:00

  MSE-Paris 1, salle 115

  PAILLACAR Rodrigo (PSE) : An empirical study of the world economic geography of manufacturing industries (1980-2003)

  Texte intégral [pdf]

• Lundi 2 mars 2009

  MSE Paris 1, salle 115

  DOUGHERTY Sean (OCDE) : Regulatory Costs And Trade-related Reallocation in the OECD

• Lundi 9 février 2009 12:00-13:00

  MSE-Paris 1, salle 115

  KRAUTHEIM Sébastian (PSE) : Profit Shifting' FDI and International Tax Competition

• Lundi 26 janvier 2009 12:00-13:00

  MSE-Paris 1, salle 115

  MARTIN Julien (CREST, Paris1-PSE) : Spatial Price Discrimination in International Markets

  Texte intégral [pdf]

• Lundi 19 janvier 2009 12:00-13:00

  La séance a été annulée.

  MARTIN Julien (CREST) : Spatial Price Discrimination in International Markets

  Texte intégral [pdf]

• Lundi 15 décembre 2008 12:00-13:00

  KRAUTHEIM Sébastian (PSE) : Export Supporting FDI

• Lundi 8 décembre 2008 12:00-13:00

  MSE-Paris 1, salle 115

  HERING Laura (PSE) : The heterogeneity of the impact of investing abroad: Evidence from the matched Japanese firms

• Lundi 1er décembre 2008 12:00-13:00

  MSE-Paris 1, salle 115

  HAMANO Masashige (Univ. de Rennes 1) : Globalization, Variety Trade and Rising Inequality in the Nation

  Texte intégral [pdf]

• Lundi 17 novembre 2008 12:00-13:00

  MSE-Paris 1, salle 115

  LENNON Caroline (PSE) : Export diversification as an Absorber of External Shocks

• Lundi 10 novembre 2008 12:00-13:00

  MSE-Paris 1, salle des thèses

  ANDERSON James (Boston College) : Globalization and Income Distribution: A Specfic Factors Continuum Approach

  Texte intégral [pdf]

• Lundi 3 novembre 2008 12:00-13:00

  La séance a été annulée.

  LIMARDI Michaela (PSE) : *

• Lundi 20 octobre 2008 12:00-13:00

  MSE-Paris 1, salle 114

  MAYNERIS Florian (PSE) : Local Export Spillovers in France

• Lundi 29 septembre 2008 12:00-13:00

  MSE-Paris 1, salle 115

  POTIN Jacques (ESSEC) : A League of their Own: High-Quality Producers and International Trade

  Texte intégral [pdf]

• Lundi 15 septembre 2008 12:00-13:00

  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

• Lundi 23 juin 2008 12:00-13:00

  MSE-Paris 1, salle 113

  LENNON C. (aff. n.c.) : Trade in services: Cross border trade vs commercial presence. Evidence of complementarity

• Lundi 16 juin 2008 12:00-13:00

  MSE-Paris 1, salle 113

  ZAKI C. (aff. n.c.) : Does trade facilitation matter in bilateral trade ?

• Lundi 9 juin 2008 12:00-13:00

  MSE-Paris 1, salle 113

  COUTTENIER M. (aff. n.c.) : Relationship between institutions and natural resources

• Lundi 26 mai 2008

  La séance a été annulée.

  *

• Lundi 19 mai 2008 12:00-13:00

  MSE-Paris 1, salle 113

  CHATELAIS N. (aff. n.c.) : Are Small Countries Leaders of the European Tax Competition ?

• Lundi 5 mai 2008 12:00-13:00

  GUILLIN A. (Centre d'Economie de la Sorbonne-Paris 1) : *

• Lundi 7 avril 2008 12:00-13:00

  MSE-Paris 1, salle 113

  FALLY T. (PSE) : *

• Lundi 17 mars 2008 12:00-13:00

  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

• Lundi 11 février 2008 12:00-13:00

  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

• Lundi 4 février 2008 12:00-13:00

  MSE-Paris 1, salle 113

  KARAM F. (Centre d'Economie de la Sorbonne-Paris 1) : *

• Lundi 21 janvier 2008 12:00-13:00

  La séance a été annulée.

  MSE-Paris 1, salle 113

  ZAKI C. (Centre d'Economie de la Sorbonne-Paris 1) : *

• Lundi 17 décembre 2007 12:00-13:00

  VICARD V. (Centre d'Economie de la Sorbonne-Paris 1) : Trade, Conflicts, and Political Integration: Explaining the Heterogeneity of Regional Trade Agreements

• Lundi 26 novembre 2007 12:00-13:00

  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. Poutineau

  Texte intégral [pdf]

• Lundi 19 novembre 2007 12:00-13:00

  TAI S (aff. n.c.) : How Market Structure Explains the Link between Migration & Trade?

  Texte intégral [pdf]

• Lundi 5 novembre 2007 12:00-13:00

  MSE-Paris 1, salle 113

  HAMANO M. (aff. n.c.) : The HBS effect with extensive margins

• Lundi 15 octobre 2007 12:00-13:00

  MSE-Paris 1, salle 113

  MAYNERIS F. (EHESS) : Politiques publiques de soutien aux clusters

  Texte intégral [pdf]

• 0000 13:00-14:00

  Maison des Sciences Economiques, Salle S/2

  WIBAUX Pauline (Paris 1 - PSE) : Trade Retaliation

  Davide Furceri (IMF), Chris Papageorgiou (IMF)

• 0000

  MSE Room S17

  PITON Sophie (PSE) : TBA