BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 15.1//EN BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:20251102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Eastern Standard Time TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:20250301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Eastern Daylight Time TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Moynihan Institute of Global Affairs\, Trade\, Development and Political EconomypresentThe Welfare Consequences of Formalizing Developing Country Cities: Evidence from the Mumbai Mills Redevelopment Authors: Mic hael Gechter and Nick TsivanidisA talk by Michael Gechter\, Assistant Prof essor of Economics\, Pennsylvania State UniversityThe authors exploit a un ique natural experiment in Mumbai\, India that led 15% of central city lan d occupied by the city’s defunct textile mills to come onto the market for redevelopment in the 2000s. Second\, they use a “deep learning” approach to measure slums from satellite images\, and combine this with administrat ive sources to construct a uniquely spatially disaggregated dataset spanni ng the period. Third\, they develop a quantitative general equilibrium mod el of a city featuring formal and informal housing supply to guide our emp irical analysis. They find evidence of substantial housing and agglomerati on externalities\, and provide reduced-form evidence suggestive of both ef ficiency gains (through increased employment density in central areas) and potential equity losses (through the conversion of slums and gentrificati on near redeveloped mill sites). \;Michael Gechter is Assistant Profes sor of Economics at the Pennsylvania State University. His research focuse s on the effects of interactions between regulations\, informality\, and s tate capacity on allocative efficiency. For more information\,\ncontact De vashish Mitra\, dmitra@syr.edu Sponsored by:\nMoynihan Institute of Global Affairs\, Trade\, Development\, and Political Economy DTEND:20181112T230000Z DTSTAMP:20260512T191730Z DTSTART:20181112T210000Z LOCATION: SEQUENCE:0 SUMMARY:The Welfare Consequences of Formalizing Developing Country Cities: Evidence from the Mumbai Mills Redevelopment - TDPE UID:RFCALITEM639141958500948060 X-ALT-DESC;FMTTYPE=text/html:

Moynihan Institute of Global Affairs\, Trad e\, Development and Political Economy

present

The Welfare C onsequences of Formalizing Developing Country Cities: Evidence from the Mu mbai Mills Redevelopment

Authors: Michael Gechter and Nick Tsiv anidis

A talk by Michael Gechter\, Assistant Professor of Economics\ , Pennsylvania State University


The authors exploit a uni que natural experiment in Mumbai\, India that led 15% of central city land occupied by the city’s defunct textile mills to come onto the market for redevelopment in the 2000s. Second\, they use a “deep learning” approach t o measure slums from satellite images\, and combine this with administrati ve sources to construct a uniquely spatially disaggregated dataset spannin g the period. Third\, they develop a quantitative general equilibrium mode l of a city featuring formal and informal housing supply to guide our empi rical analysis. They find evidence of substantial housing and agglomeratio n externalities\, and provide reduced-form evidence suggestive of both eff iciency gains (through increased employment density in central areas) and potential equity losses (through the conversion of slums and gentrificatio n near redeveloped mill sites). \;


Michael Gechter is Assist ant Professor of Economics at the Pennsylvania State University. His resea rch focuses on the effects of interactions between regulations\, informali ty\, and state capacity on allocative efficiency.

Fo r more information\,\ncontact Devashish Mitra\, dmitra@syr.edu
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Sponsored by:\nMoynihan Institute of Global Affairs\, Trade\, Devel opment\, and Political Economy

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