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DESCRIPTION:TDPE presents: Entrepreneurs\, Jobs and TradeSpeaker: Bulent Un
 el (Louisiana State University)&amp\;#160\;Authors: Elias Dinopoulos and B
 ulent UnelThe authors propose a simple theory of endogenous firm productiv
 ity\, unemployment\, and personal income distribution. High-talented indiv
 iduals choose to become self-employed entrepreneurs and acquire more manag
 erial (human) capital\; whereas low-talented individuals become workers an
 d face the prospect of equilibrium unemployment. In the North-South global
  economy\, a move from autarky to free trade raises firm-level productivit
 y\, reduces unemployment\, raises inequality\, and may reduce welfare in t
 he North\; whereas trade openness reduces firm productivity\, increases un
 employment\, lowers inequality\, and raises welfare in the South. Unilater
 al job-creating policies implemented by North have &amp\;quot\;begger-thy 
 neighbor&amp\;quot\; elements: while they increase welfare in both countri
 es\, they reduce Northern unemployment and raise Southern unemployment\; i
 ncrease the North-South gap in per-capita income and raise the North-South
  gap in the supply of entrepreneurs.Open to the PublicSponsored by the Tra
 de\, Development and Political Economy Program in the Moynihan Institute o
 f Global Affairs
DTEND:20141006T210000Z
DTSTAMP:20260515T175604Z
DTSTART:20141006T200000Z
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SUMMARY:TDPE presents: Entrepreneurs\, Jobs\, and Trade
UID:RFCALITEM639144501647969191
X-ALT-DESC;FMTTYPE=text/html:<p></p><p></p><p></p><p><b>TDPE presents: Entr
 epreneurs\, Jobs and Trade</b></p><p>Speaker: Bulent Unel (Louisiana State
  University)&amp\;#160\;</p><p>Authors: Elias Dinopoulos and Bulent Unel</
 p><p>The authors propose a simple theory of endogenous firm productivity\,
  unemployment\, and personal income distribution. High-talented individual
 s choose to become self-employed entrepreneurs and acquire more managerial
  (human) capital\; whereas low-talented individuals become workers and fac
 e the prospect of equilibrium unemployment. In the North-South global econ
 omy\, a move from autarky to free trade raises firm-level productivity\, r
 educes unemployment\, raises inequality\, and may reduce welfare in the No
 rth\; whereas trade openness reduces firm productivity\, increases unemplo
 yment\, lowers inequality\, and raises welfare in the South. Unilateral jo
 b-creating policies implemented by North have &amp\;quot\;begger-thy neigh
 bor&amp\;quot\; elements: while they increase welfare in both countries\, 
 they reduce Northern unemployment and raise Southern unemployment\; increa
 se the North-South gap in per-capita income and raise the North-South gap 
 in the supply of entrepreneurs.</p><p>Open to the Public</p><p><b><i>Spons
 ored by the Trade\, Development and Political Economy Program in the Moyni
 han Institute of Global Affairs</i></b></p><p></p><p></p><p></p>
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