Room S5, Maison de la paix, Geneva
The Vilfredo Pareto Research Seminar is the Economics department's weekly seminar, featuring external speakers in all areas of economics.
As part of the Vilfredo Pareto Research Seminar series, the International Economics Department at the Geneva Graduate Institute is pleased to invite you to a public talk given by Dennis Novy, University of Warwick. We are pleased to host this talk in collaboration with the Geneva Trade and Development Workshop.
Abstract: Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over the last few decades has been urban-biased: structural change has been more pronounced in areas with higher population density. This bias can be accounted for by the location choices of large services firms that sort into big cities and large manufacturing firms that increasingly locate in suburban and rural areas. Motivated by these findings, we estimate a structural model of city formation with heterogeneous firms and international trade. We find that agglomeration economies have strengthened for services but weakened for manufacturing. This divergence is a key driver of the urban bias but it dampens aggregate structural change. Rising manufacturing productivity and falling international trade costs further contribute to the growth of large services firms in the densest urban areas, boosting services productivity and services exports, but also land prices.
Link to the discussed paper
This seminar is held jointly with the Geneva Trade and Development Workshop (GTDW).
Disclaimer
This event may be filmed, recorded and/or photographed on behalf of the Geneva Graduate Institute. The Institute may use these recordings and photographs for internal and external communications for information, teaching and research purposes, and/or promotion and illustration through its various media channels (website, social media, newsletters).
By participating in this event, you are agreeing to the possibility of appearing in the aforementioned films, recordings and photographs, and their subsequent use by the Institute.
For further information, please consult our privacy policy, our FAQ or contact us directly: events@graduateinstitute.ch.