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DESCRIPTION:Lorenzo Caliendo on&nbsp\;The Impact of Regional and Sectoral P
 roductivity Changes on the U.S. Economy&nbsp\;Lorenzo Caliendo\, Yale Univ
 ersity&nbsp\;Authors:&nbsp\;Lorenzo\nCaliendo (Yale University)\, Fernando
  Parro\n(Federal Reserve Board)\, Esteban Rossi-Hansberg\n(Princeton Unive
 rsity)\, Pierre-Daniel Sarte\n(FRB Richmond)We\nstudy the impact of inters
 ectoral and\ninterregional trade linkages in propagating disaggregated pro
 ductivity changes\nto the rest of the economy. Using regional and industry
  data we obtain the\naggregate\, regional and sectoral\nelasticities of me
 asured TFP\, GDP\, and employment to regional and sectoral\nproductivity c
 hanges. We find that\nthe elasticities vary significantly depending\non th
 e sectors and regions affected and\nare importantly determined by the spat
 ial structure of the economy. We use\nthese elasticities to perform a vari
 ety of counterfactual exercises including a\ndetailed study of the effects
  of the\nboom in the Computers and Electronics industry in California.&nbs
 p\;Professor\nCaliendo joined Yale School of Management in 2010 after spen
 ding a year at\nPrinceton University as a research fellow for the I.E.S.&n
 bsp\;Born in\nMontevideo\, Lorenzo worked in the Ministry of Health and Mi
 nistry of Industry\nand completed a degree in business and economics in Ur
 uguay. He holds a PhD and\nMasters in Economics from the University of Chi
 cago and a Masters degree from\nthe University of Auckland\, New Zealand. 
 His research focuses on the trade and\nwelfare effects of international tr
 ade policy\, on how firms’\norganizational\nstructure and productivity cha
 nge from foreign trade competition and on the\nmacroeconomics effects of i
 nternational trade and growth.Open to the public&nbsp\;Sponsored by Trade 
 Development and Political Economy Program at the Moynihan Institute of Glo
 bal Affairs 
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DTSTAMP:20260513T142821Z
DTSTART:20150420T200000Z
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SEQUENCE:0
SUMMARY:TDPE presents: Lorenzo Caliendo
UID:RFCALITEM639142649013435176
X-ALT-DESC;FMTTYPE=text/html:<p></p><p><b>Lorenzo Caliendo on&nbsp\;The Imp
 act of Regional and Sectoral Productivity Changes on the U.S. Economy&nbsp
 \;</b></p><p><b>Lorenzo Caliendo\,</b> <i>Yale University&nbsp\;</i></p><p
 >Authors:&nbsp\;Lorenzo\nCaliendo (Yale University)\, Fernando Parro\n(Fed
 eral Reserve Board)\, Esteban Rossi-Hansberg\n(Princeton University)\, Pie
 rre-Daniel Sarte\n(FRB Richmond)</p><p>We\nstudy the impact of intersector
 al and\ninterregional trade linkages in propagating disaggregated producti
 vity changes\nto the rest of the economy. Using regional and industry data
  we obtain the\naggregate\, regional and sectoral\nelasticities of measure
 d TFP\, GDP\, and employment to regional and sectoral\nproductivity change
 s. We find that\nthe elasticities vary significantly depending\non the sec
 tors and regions affected and\nare importantly determined by the spatial s
 tructure of the economy. We use\nthese elasticities to perform a variety o
 f counterfactual exercises including a\ndetailed study of the effects of t
 he\nboom in the Computers and Electronics industry in California.&nbsp\;</
 p><p>Professor\nCaliendo joined Yale School of Management in 2010 after sp
 ending a year at\nPrinceton University as a research fellow for the I.E.S.
 &nbsp\;Born in\nMontevideo\, Lorenzo worked in the Ministry of Health and 
 Ministry of Industry\nand completed a degree in business and economics in 
 Uruguay. He holds a PhD and\nMasters in Economics from the University of C
 hicago and a Masters degree from\nthe University of Auckland\, New Zealand
 . His research focuses on the trade and\nwelfare effects of international 
 trade policy\, on how firms’\norganizational\nstructure and productivity c
 hange from foreign trade competition and on the\nmacroeconomics effects of
  international trade and growth.</p><p>Open to the public&nbsp\;</p><p><b>
 <i>Sponsored by Trade Development and Political Economy Program at the Moy
 nihan Institute of Global Affairs</i></b> </p><p><br></p><p></p>
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