La prochaine séance du séminaire du RITM aura lieu jeudi 9 octobre 2014 de 14h à 15h30 en salle Gaudemet. Nous aurons le plaisir de recevoir Christopher M. Meissner qui présentera l’article Technology and Geography in the Second Industrial Revolution: New Evidence from the Margins of Trade.
Between 1890 and 1910 Belgium experienced a trade boom. Productivity growth showed a more modest acceleration. Using a new, highly disaggregated data set on exports and imports, we introduce geography, or trade costs, as a factor in Belgium’s trade performance and study its relation to industry-level productivity growth. The effect of trade costs was mediated by the extensive and intensive margins of trade. In markets for differentiated goods, the extensive margin dominated, the number of new goods and new markets expanding as trade costs fell. But the same decline in trade costs enabled less productive concerns to become viable exporters, average industry productivity stagnating as a result.
Le programme du séminaire du RITM pour l’année 2014-2015 est disponible ici.