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DESCRIPTION:Moynihan Institute of Global AffairsTrade\, Development and Pol
 itical EconomypresentSwapnika Rachapalli&nbsp\;Post Doctoral Research Asso
 ciatePrinceton University’s\nInternational Economics Section \n\nThis pape
 r analyses learning between buyers and\nsellers as a new channel through w
 hich international trade affects product\nintroduction across different pr
 oduction stages within firms. Using detailed\nfirm level data from the Ind
 ian manufacturing census\, I find that (i) 45% of\nmulti-product firms pro
 duce at least one product pair that is connected in the\nInput-Output matr
 ix\, (ii) 30% of new products added by firms every year are\neither upstre
 am or downstream to products previously produced by them\, and\n(iii) exog
 enous increases in upstream export market access cause firms to add\nnew p
 roducts that are downstream to their previous production sets. I attribute
 \nthis effect to firms learning from their buyers about downstream product
 s\nduring their transactions. To analyze the effects of trade policy on fi
 rm\nscope\, I build a dynamic quantitative general equilibrium model of Gl
 obal Value\nChains with knowledge spillovers arising from buyer-seller lin
 kages along the\nvalue chain. Potentially multi-product and multi-stage fi
 rms in the model\ninvest in R&amp\;D to increase their product sets\, and 
 benefit from knowledge\nspillovers from domestic and foreign markets. Trad
 e policy counterfactuals show\nthat cross-stage product innovation decreas
 es as the economy liberalizes due to\nconvergence in technology levels acr
 oss countries in general equilibrium.\n\n Swapnika\nRachapalli is a Post D
 octoral Research Associate at Princeton University’s\nInternational Econom
 ics Section. In July 2022 she will join University of\nBritish Columbia’s 
 Sauder School of Business as an Assistant professor. Her\nresearch interes
 ts are at the intersection of International Trade\, Growth\, and\nDevelopm
 ent. Her current projects focus on understanding the role of trade for\nth
 e diffusion of technology across borders. She received her Ph.D. from the\
 nUniversity of Toronto in 2021.For more information contact Ryan Monarch\,
  rpmonarc@syr.edu. For accessibility accommodations contact Jmhoran@syr.ed
 u. 
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SEQUENCE:0
SUMMARY:Learning Between Buyers and Sellers Along the Global Value Chain
UID:RFCALITEM639141057947837793
X-ALT-DESC;FMTTYPE=text/html:<p>Moynihan Institute of Global Affairs</p><p>
 Trade\, Development and Political Economy</p><p><br></p><p>present</p><p><
 br></p><p><b>Swapnika Rachapalli&nbsp\;</b></p><p>Post Doctoral Research A
 ssociate</p><p>Princeton University’s\nInternational Economics Section</p>
 <p><br></p><p> \n\n</p>This paper analyses learning between buyers and\nse
 llers as a new channel through which international trade affects product\n
 introduction across different production stages within firms. Using detail
 ed\nfirm level data from the Indian manufacturing census\, I find that (i)
  45% of\nmulti-product firms produce at least one product pair that is con
 nected in the\nInput-Output matrix\, (ii) 30% of new products added by fir
 ms every year are\neither upstream or downstream to products previously pr
 oduced by them\, and\n(iii) exogenous increases in upstream export market 
 access cause firms to add\nnew products that are downstream to their previ
 ous production sets. I attribute\nthis effect to firms learning from their
  buyers about downstream products\nduring their transactions. To analyze t
 he effects of trade policy on firm\nscope\, I build a dynamic quantitative
  general equilibrium model of Global Value\nChains with knowledge spillove
 rs arising from buyer-seller linkages along the\nvalue chain. Potentially 
 multi-product and multi-stage firms in the model\ninvest in R&amp\;D to in
 crease their product sets\, and benefit from knowledge\nspillovers from do
 mestic and foreign markets. Trade policy counterfactuals show\nthat cross-
 stage product innovation decreases as the economy liberalizes due to\nconv
 ergence in technology levels across countries in general equilibrium.<p>\n
 \n<br></p><p> Swapnika\nRachapalli is a Post Doctoral Research Associate a
 t Princeton University’s\nInternational Economics Section. In July 2022 sh
 e will join University of\nBritish Columbia’s Sauder School of Business as
  an Assistant professor. Her\nresearch interests are at the intersection o
 f International Trade\, Growth\, and\nDevelopment. Her current projects fo
 cus on understanding the role of trade for\nthe diffusion of technology ac
 ross borders. She received her Ph.D. from the\nUniversity of Toronto in 20
 21.</p><p><br></p><p>For more information contact Ryan Monarch\, <a href="
 mailto:rpmonarc@syr.edu">rpmonarc@syr.edu</a>. For accessibility accommoda
 tions contact <a href="mailto:Jmhoran@syr.edu">Jmhoran@syr.edu</a>. <br></
 p><p><br></p><p><br></p>
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