BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Indira Gandhi Institute of Development Research - ECPv4.1.2//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:Indira Gandhi Institute of Development Research
X-ORIGINAL-URL:http://www.igidr.ac.in
X-WR-CALDESC:Events for Indira Gandhi Institute of Development Research
BEGIN:VEVENT
DTSTART;TZID=Asia/Kolkata:20180129T160000
DTEND;TZID=Asia/Kolkata:20180129T170000
DTSTAMP:20260410T050206
CREATED:20180129T060244
LAST-MODIFIED:20180129T060451
UID:5237-1517241600-1517245200@www.igidr.ac.in
SUMMARY:Seminar: Multinational Firms\, Trade\, and the Trade-Comovement Puzzle by Dr. Gautham Udupa\, Department of Economics\, University of Houston\, USA
DESCRIPTION:\nDate & Hour: 29-January-2018\, 4:00 pm\n\nVenue: Seminar Hall 1\n\n\n\nTitle: Multinational Firms\, Trade\, and the Trade-Comovement Puzzle\n\nAbstract: Existing empirical studies show a strong positive correlation between bilateral trade and business cycle comovement within country-pairs. I show that for OECD economies\, this relationship weakens considerably when bilateral FDI stock is controlled for\, while FDI is significant. I develop a two-country business cycle model with heterogeneous firms\, international trade\, and multinational activity to explain this empirical finding. The calibrated model generates the positive relationship between trade and comovement\, and between FDI and comovement. In addition\, the simulation results are consistent with the empirical regressions with both trade and FDI.\n\n\n\nAll are invited.  
URL:http://www.igidr.ac.in/seminars/seminarmultinational-firms-trade-trade-comovement-puzzle-dr-gautham-udupa-department-economics-university-houston-usa/
CATEGORIES:Upcoming events
END:VEVENT
END:VCALENDAR