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DTSTART;TZID=Europe/Paris:20250916T120000
DTEND;TZID=Europe/Paris:20250916T130000
DTSTAMP:20260502T021642
CREATED:20250915T082742Z
LAST-MODIFIED:20251206T220000Z
UID:3256-1758024000-1758027600@thema-cergy.eu
SUMMARY:Internal Seminar: Zijung Cheng
DESCRIPTION:Owning More of the Chain: Capital Subsidies and Firm-Level Upstream Shifts in China\n\nThis paper examines the causal effect of China’s capital-goods import subsidy on firms’ production organization from a global value chain perspective. Implemented through the Catalogue for the Guidance of Importing Technologies and Products\, the policy subsidized high-tech equipment to promote industrial upgrading and deeper GVC integration. A partial-equilibrium model shows that lower equipment rental rates reduce stage-specific marginal costs and expand firms’ span of integration\, with stronger effects in capital-intensive upstream stages. Guided by this framework\, the empirical analysis combines matched firm-product-year customs and production data in a difference-in-differences design around the 2008 rollout. Treated firms expanded their span of production stages\, with effects concentrated on upstream imports; on average\, the span increased by about 0.14 stages. Event studies show flat pre-trends\, placebo tests yield null effects\, and robustness checks confirm results. These findings demonstrate how targeted equipment subsidies can accelerate vertical upgrading and reposition firms within global value chains.
URL:https://thema-cergy.eu/event/tuesday-seminar-zijung-cheng/
CATEGORIES:Talk
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BEGIN:VEVENT
DTSTART;TZID=Europe/Paris:20250911T120000
DTEND;TZID=Europe/Paris:20250911T131500
DTSTAMP:20260502T021642
CREATED:20250818T153743Z
LAST-MODIFIED:20251206T220017Z
UID:3161-1757592000-1757596500@thema-cergy.eu
SUMMARY:Economics and Finance Seminar: Lisa Botbol (Monash)
DESCRIPTION:Applicant choice in the design of social housing allocations : Evidence from France\nAlthough social housing is prevalent in many developed countries\, there is no consensus over how to design allocation rules. Measuring the impact of a change in rules requires predicting how applicants will respond. In a context where rents are fixed\, application data scarce\, and allocation rules lack transparency\, disentangling an applicant’s preferences from their probability to receive an offer is challenging. This paper develops a dynamic framework which makes use of a novel\, comprehensive dataset of French social housing applications to separately identify preferences of applicants to social housing from their expectations over future offers and the allocation rules. This allows to compare the welfare impact of changes in the allocation rules. Results indicate that the current system favors households with French nationality\, and disadvantages precarious households like single mothers compared to the rest of the population. Counterfactual analysis suggests better targeting low-income households would significantly improve welfare. Mechanisms based on applicant waiting time like first-come-first-serve are shown to be welfare-reducing.
URL:https://thema-cergy.eu/event/aeef-seminar-lisa-botbol/
LOCATION:CY Cergy Paris Université\, 33 boulevard du Port\, Cergy-Pontoise\, 95011\, France
CATEGORIES:Talk
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BEGIN:VEVENT
DTSTART;TZID=Europe/Paris:20250909T120000
DTEND;TZID=Europe/Paris:20250909T130000
DTSTAMP:20260502T021642
CREATED:20250908T134053Z
LAST-MODIFIED:20251206T220027Z
UID:3252-1757419200-1757422800@thema-cergy.eu
SUMMARY:Internal Seminar: Jean Toupouvogui
DESCRIPTION:Policy and inequality response to uncertainty shocks: A multi-country analysis\n \nThis paper investigates the effects of uncertainty shocks on public debt and inequality across 25 developed and emerging economies over an average period of 30 years\, using a structural vector autoregression (SVAR) framework. While uncertainty shocks are generally recessionary\, their macroeconomic and distributional effects vary significantly across income group. In emerging markets\, shocks propagate mainly through demand-driven channels\, triggering deeper and more persistent declines in output\, consumption\, and investment compared to advanced economies. Public debt increases in both groups\, but more sharply and durably in high-income countries\, reflecting stronger fiscal and monetary responses. Distributional effects diverge: income inequality tends to fall in advanced economies but rises in emerging markets\, particularly among low-income groups. In advanced economies\, wealth inequality increases as asset recoveries benefit the top. These asymmetries are closely linked to differences in public generosity—proxied by per capita transfers and subsidies—highlighting the role of fiscal capacity in shaping the macroeconomic and social consequences of uncertainty.
URL:https://thema-cergy.eu/event/tuesday-seminar-jean-toupouvogui/
LOCATION:CY Cergy Paris Université\, 33 boulevard du Port\, Cergy-Pontoise\, 95011\, France
CATEGORIES:Talk
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