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SUMMARY: 'International Production Structures\, Productivity\, and Income 
 Differences among Countries'.  - Nicolas Paez\, PhD candidate in Economics
DTSTART:20161026T120000Z
DTEND:20161026T130000Z
UID:TALK68793@talks.cam.ac.uk
CONTACT:Isabel
DESCRIPTION:Since the increase of product fragmentation in the last decade
  of the twentieth century\, supply chains have promoted important debates 
 concerning income inequality. Standard economic models explain facets of t
 his phenomenon through a series of market failures and using simple produc
 tion structures. In contrast to that\, this paper presents a theoretical m
 odel in which countries trade along supply chains under a perfect competit
 ion framework. In such a way\, it complements the economic literature with
  a characterization of the effects that the network structure of the suppl
 y chain has over the income differences among countries without mixing it 
 with the effect that market failures and externalities have over this phen
 omenon.\nThis paper contributes to the economic literature in two differen
 t ways. From one side\, it provides an alternative theoretical explanation
  to several empirical regularities that have been documented in the litera
 ture. From another side\, it extends some of the results presented in the 
 trade and fragmentation literature to a wider range of production structur
 es and explains which structures are based on particular assumptions and w
 hich are valid in more general scenarios. It therefore provides a theoreti
 cal benchmark to study the effects that supply chains have under an ideal 
 environment. In this way\, it complements the recent literature as it help
 s researchers distinguish which empirical regularities can be explained by
  market mechanisms and which are a consequence of market failures and exte
 rnalities.
LOCATION:Alison Richard Building\, 2nd Floor\, Centre of Development Studi
 es' Meeting Room
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