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DESCRIPTION:The Moynihan Institute of Global Affairs' Trade Development and
  Political Economy series presents Ana Maria Santacreu. Santacreu develops
  a quantitative multi-country trade model of innovation and technology lic
 ensing to study short- and long-term effects of trade agreements with inte
 llectual property (IP) provisions. A trade agreement involves determining 
 the level of tariffs and IP protection as Nash bargaining between a develo
 ped and a developing country. The agreement increases welfare\, innovation
 \, and growth in the long run. However\, gains accrue differently across c
 ountries along the transition. Developing countries experience short-run l
 osses\, as they now pay higher licensing prices. An agreement designed by 
 a politically-motivated government could mitigate these losses\, but at th
 e expense of lower growth and welfare.Ana Maria Santacreu is an economist 
 at the Federal Reserve Bank of Saint Louis\, where she joined the Research
  Division in September 2013. Prior to that she was an assistant professor 
 in the Economics Department at INSEAD Business&nbsp\;School in France and 
 Singapore.Santacreu’s main areas of research are in international trade\, 
 macroeconomics and international finance.&nbsp\; Her work has been publish
 ed in several economic journals\, including the American Economic Journal:
  Macroeconomics\, Journal of Monetary Economics and the Journal of Financi
 al Economics. She is also an Associate editor of the European Economic Rev
 iew and the Canadian Journal of Economics.&nbsp\; Santacreu holds a doctor
 ate in economics from New York University\, a Master of Science in economi
 cs from the London School of Economics\, and a bachelor’s degree in econom
 ics from the Universidad de Valencia.
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SUMMARY:Dynamic Gains from Trade Agreements with Intellectual Property Prov
 isions
UID:RFCALITEM639141269641430213
X-ALT-DESC;FMTTYPE=text/html:<p>The Moynihan Institute of Global Affairs' T
 rade Development and Political Economy series presents Ana Maria Santacreu
 . </p><p>Santacreu develops a quantitative multi-country trade model of in
 novation and technology licensing to study short- and long-term effects of
  trade agreements with intellectual property (IP) provisions. A trade agre
 ement involves determining the level of tariffs and IP protection as Nash 
 bargaining between a developed and a developing country. The agreement inc
 reases welfare\, innovation\, and growth in the long run. However\, gains 
 accrue differently across countries along the transition. Developing count
 ries experience short-run losses\, as they now pay higher licensing prices
 . An agreement designed by a politically-motivated government could mitiga
 te these losses\, but at the expense of lower growth and welfare.</p><p>An
 a Maria Santacreu is an economist at the Federal Reserve Bank of Saint Lou
 is\, where she joined the Research Division in September 2013. Prior to th
 at she was an assistant professor in the Economics Department at INSEAD Bu
 siness&nbsp\;School in France and Singapore.</p>Santacreu’s main areas of 
 research are in international trade\, macroeconomics and international fin
 ance.&nbsp\; Her work has been published in several economic journals\, in
 cluding the American Economic Journal: Macroeconomics\, Journal of Monetar
 y Economics and the Journal of Financial Economics. She is also an Associa
 te editor of the European Economic Review and the Canadian Journal of Econ
 omics.&nbsp\; Santacreu holds a doctorate in economics from New York Unive
 rsity\, a Master of Science in economics from the London School of Economi
 cs\, and a bachelor’s degree in economics from the Universidad de Valencia
 .<p><br></p>
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