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DTSTART;TZID=Europe/Helsinki:20220131T121500
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SUMMARY:Banu DEMIR PAKEL (Bilkent University ) "O-Ring Production Networks"
DESCRIPTION:The Macroeconomics Seminar:\nTime: 12:15 pm – 13:30 pm\nDate: 31th of January 2022 \n Zoom \nBanu DEMIR PAKEL (Bilkent University ) “O-Ring Production Networks” \nAbstract : We study a production network where quality choices are interconnected across firms. High-quality firms are skill intensive and trade more with other high-quality firms. Using data from Turkish firms\, we document strong assortative matching of skills in the production network. A firm-specific export demand shock from a rich country increases the firm’s skill intensity and shifts the firm toward skill-intensive domestic partners. We develop a quantitative model with heterogeneous firms\, endogenous quality choices\, and network formation. An economy-wide export demand shock of 5 percent induces exporters and non-exporters to upgrade quality\, raising the average wage by 1.2 percent. This effect is about nine times the effect in a special case of the model with no interconnection of quality choices. \nOrganizers:\nARNE UHLENDORFF  (CREST)\, Grégory CORCOS (CREST) \nSponsors:\nCREST \n
URL:https://crest.science/event/banu-demir-pakel-bilkent-university-t-b-a/
CATEGORIES:Macroeconomics
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