13th–14th December 2018, LMU Munich, Germany
The Quantagg Research Group with the support of the EUTIP Network organised a workshop in international economics in Ludwig-Maximilians-Universität München, Munich, on 13th and 14th of December 2018. The workshop brought together Economists (Professors and PhD Students) specialised in the area of International Trade.
Lead EUTIP researcher Professor Gabriel Felbermayr (Ifo Institute) opened the workshop.
The first two sessions were chaired by Professor Yoto Yotov (Drexel University) followed by a keynote lecture on the GE effects of Parallel imports given by Professor Föllmi (University of St Gallen).
Professor Eckel (University of Munich) chaired the last two sessions of the day where lead EUTIP researcher Professor Lionel Fontagné (Paris 1, PSE and CEPII) presented his latest research on Global Value Chains and the Endogenous Geography of RTAs. Professor Esteban Rossi-Hansberg (Princeton University) closed the first day with a keynote lecture on ‘Location as an asset’.
Sonali Chowdhry presented her paper on the impact of the EU-Korea Free Trade Agreement on Firms’ Exporting Activity.
In this paper, Sonali Chowdhry uses detailed data on French firms to examine the changes in export values, quantities and prices following the entry into force of the EUKFTA in July 2011. As the first FTA of the EU with an Asian economy and the first new generation trade agreement of the EU, the EUKFTA presents an interesting and policy relevant case of how deep trade liberalisation affects firms’ participation in the global economy.
Gerard Masllorens Fuentes presented his research on the impact of Investment Treaties on Firm Ownership.
Gerard’s project is co-authored with Prof. Peter Egger and Dr. Katharina Erhardt. In this project, the authors make use of two novel data sets to uncover the effect of BITs on firm ownership and organization. First, they generate a dataset of ownership relationships at the firm-level using the ORBIS database and complement this information with potential industry-level value chain relations. Second, they compile a database that encompasses the universe of BITs signed by countries and country groups that contains information on the characteristics of the specific BITs. Building on these databases, the authors find that the effects of BITs on ownership are heterogeneous across various dimensions: they vary across sectors, country-pairs and across provisions within BITs. These heterogeneities reveal interesting patterns that guide us in formulating a model of firm-level decisions regarding their ownership strategy as well as value chain integration.
Professor Gianmarco Ottaviano (Bocconi University and LSE) gave a keynote lecture on ‘Market Power and Wage Inequality in the New Global Economy’ and Professor Andreas Moxnes (University of Oslo) closed this workshop with a lecture on ‘The origins of Firm Heterogeneity: A Production Network Approach’.