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DESCRIPTION:The Moynihan Institute and the program for Trade\, Development 
 and Political Economy are hosting an in person talk with Asha Sundaram of 
 the University of Auckland."We study the impact of FDI on domestic welfare
  using a model of internal trade with variable markups that incorporates i
 ntranational transport costs.&nbsp\; The model allows us to disentangle th
 e various channels through which FDI affects welfare. We apply the model t
 o the case of Ethiopian manufacturing\, which received considerable amount
 s of FDI during our period of study. We find substantial gains from the pr
 esence of foreign firms\, both in the local market and in other connected 
 markets in the country. FDI\, however\, resulted in a modest worsening of 
 allocative efficiency because foreign firms tend to have significantly hig
 her markups than domestic firms.&nbsp\; We report consistent findings from
  our empirical analysis\, which utilizes microdata on manufacturing firms\
 , information on FDI projects\, and geospatial data on improvements in the
  road network."AUTHORS&nbsp\;Asha Sundaram (University of Auckland)Jose As
 turias (U.S. Census Bureau)Marco Sanfilippo (University of Torino and Coll
 agio Carlo Alberto)
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DTSTAMP:20260512T200638Z
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SUMMARY:Asha Sundaram: Foreign Direct Investment\, Geography and Welfare
UID:RFCALITEM639141987989592809
X-ALT-DESC;FMTTYPE=text/html:<div>The Moynihan Institute and the program fo
 r Trade\, Development and Political Economy are hosting an in person talk 
 with Asha Sundaram of the University of Auckland.</div><div><br></div><div
 >"We study the impact of FDI on domestic welfare using a model of internal
  trade with variable markups that incorporates intranational transport cos
 ts.&nbsp\; The model allows us to disentangle the various channels through
  which FDI affects welfare. We apply the model to the case of Ethiopian ma
 nufacturing\, which received considerable amounts of FDI during our period
  of study. We find substantial gains from the presence of foreign firms\, 
 both in the local market and in other connected markets in the country. FD
 I\, however\, resulted in a modest worsening of allocative efficiency beca
 use foreign firms tend to have significantly higher markups than domestic 
 firms.&nbsp\; We report consistent findings from our empirical analysis\, 
 which utilizes microdata on manufacturing firms\, information on FDI proje
 cts\, and geospatial data on improvements in the road network."</div><div>
 <br></div><div><strong>AUTHORS&nbsp\;</strong></div><div>Asha Sundaram (Un
 iversity of Auckland)</div><div>Jose Asturias (U.S. Census Bureau)</div><d
 iv>Marco Sanfilippo (University of Torino and Collagio Carlo Alberto)</div
 >
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