No dia 28 de setembro, Carolina Villegas, da ESADE Business School (Barcelona), apresenta no ISEG o estudo “Made in Spain: Import Switching and Productivity”.
Abstract:
Do firms respond to local customer and supplier cost shocks by reducing their share of imported intermediate goods? We compute changes in relative unit labor costs vis-a-vis main trading partners in upstream and downstream sectors post-Spanish internal devaluation and combine with the quasi-universe of Spanish manufacturing firms. Firms’ import share is unresponsive to supplier competitive gains however, there is import switching by firms selling to downstream sectors exhibiting international competitive losses and producing highly substitutable goods. Estimates from a structural model imply import switching explains 40% of the cumulative productivity losses of the Spanish manufacturing sector during this period.
Os seminários de investigação decorrem de 21 de setembro a 14 de dezembro, às quartas-feiras, das 13h00 às 14h00, no Anfiteatro Novo Banco (Edifício Quelhas, 4º piso).
As sessões contam com a participação de docentes do ISEG e de outras escolas nacionais e internacionais, onde serão abordados tópicos relacionados com a Economia, Gestão, Finanças, Ciências Sociais e Matemática.
Entrada livre.
