La prochaine séance du séminaire Hotelling, commun au CES-ENS Cachan et à l’ADIS, se déroulera le jeudi 2 mai de 16h à 17h30, à Sceaux. Nous aurons le plaisir de recevoir Christopher M. Meissner (University of California, Davis, and NBER), qui présentera un article co-écrit avec Dan Liu: “Market Potential and the Rise of US Productivity Leadership“.

Abstract : The US advantage in per capita output, apparent from the late 19th century, is frequently attributed to its relatively large domestic market. We construct market potential measures for the US and 26 other countries between 1880 and 1913 based on a general equilibrium model of production and trade. When compared to other leading economies in 1900, the year around which the US overtakes Britain in productivity leadership, the US does not have the overwhelming lead in market potential that it has in GDP per capita. Still, market potential is positively related to the cross-country distribution of income per capita, but the impact of market potential is likely to be very heterogeneous. We illustrate this in a quantitative calculation of the welfare gains from removing international borders in 1900. While there are gains from trade for all nations, the largest European countries do not close their per capita income gaps with the US after this hypothetical rise in market potential. On the other hand, many small countries could have done so.

Lieu du séminaire :
Université Paris Sud – Faculté Jean Monnet
Salle Jean Gaudemet
Bâtiment D – 1er étage
54, Boulevard Desgranges , Sceaux
RER B Station Robinson
Le programme du séminaire pour l’année 2012-2013 et le plan d’accès à la salle Jean Gaudemet sont disponibles ici
Les organisateurs
Nathalie Etchart-Vincent
José de Sousa
Emmanuelle Taugourdeau