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:Gabriel Felbermayr&nbsp\;on&nbsp\;Trade\nand the Spatial Distri
 bution of Transportation Infrastructure\n\nGabriel Felbermayr\,&nbsp\;&nbs
 p\;University of Munich and Ifo Institute Authors:\nGabriel\nFelbermayr\na
 nd Alexander Tarasov\nThis\npaper provides a stylized analytical framework
  of open economies in which\nplanners decide non-cooperatively on transpor
 t infrastructure investments\nacross continuous space. Allowing for intra-
  and international trade\, the\nresulting equilibrium investment schedule 
 features underinvestment that turns\nout particularly severe in border reg
 ions and that is amplified by the presence\nof discrete border costs. In E
 uropean data\, the mechanism explains about a\nfifth of the border effect 
 identified in a conventionally specified gravity\nregression. The framewor
 k\nsheds light on the welfare costs of second best investment schedules\, 
 on the\neffects of intercontinental trade or of privatized infrastructure 
 provision.Gabriel\nFelbermayr\nis\nDirector of the Ifo\nCenter for Interna
 tional Economics at the Ifo\nInstitute\, Munich and Professor of Economics
  at the University Munich. His\nresearch interests are in international tr
 ade agreements\, trade and labor\nmarket outcomes\, and trade and the envi
 ronment. His work has been published in\nwell-known academic economics jou
 rnals such as the Review\nof Economics and Statistics\, the Journal\nof In
 ternational Economics\, the\nJournal of Economic Theory etc.\nSponsored\nb
 y the&nbsp\;Trade Development and Political Economy Program at the Moyniha
 n Institute of Global Affairs&nbsp\;
DTEND:20160912T213000Z
DTSTAMP:20260514T163852Z
DTSTART:20160912T200000Z
LOCATION:
SEQUENCE:0
SUMMARY:TDPE presents: Gabriel Felbermayr
UID:RFCALITEM639143591321275805
X-ALT-DESC;FMTTYPE=text/html:<p><b>Gabriel Felbermayr&nbsp\;on&nbsp\;Trade\
 nand the Spatial Distribution of Transportation Infrastructure</b></p><p>\
 n</p><p>\n<b>Gabriel Felbermayr\,&nbsp\;</b><i>&nbsp\;University of Munich
  and Ifo Institute</i></p><p> </p><b>Authors</b>:\nGabriel\nFelbermayr\nan
 d Alexander Tarasov<p>\n</p><p>This\npaper provides a stylized analytical 
 framework of open economies in which\nplanners decide non-cooperatively on
  transport infrastructure investments\nacross continuous space. Allowing f
 or intra- and international trade\, the\nresulting equilibrium investment 
 schedule features underinvestment that turns\nout particularly severe in b
 order regions and that is amplified by the presence\nof discrete border co
 sts. In European data\, the mechanism explains about a\nfifth of the borde
 r effect identified in a conventionally specified gravity\nregression. The
  framework\nsheds light on the welfare costs of second best investment sch
 edules\, on the\neffects of intercontinental trade or of privatized infras
 tructure provision.</p><p><b>Gabriel\nFelbermayr\n</b>is\nDirector of the 
 Ifo\nCenter for International Economics at the Ifo\nInstitute\, Munich and
  Professor of Economics at the University Munich. His\nresearch interests 
 are in international trade agreements\, trade and labor\nmarket outcomes\,
  and trade and the environment. His work has been published in\nwell-known
  academic economics journals such as the Review\nof Economics and Statisti
 cs\, the Journal\nof International Economics\, the\nJournal of Economic Th
 eory etc.</p><p>\n<b><i>Sponsored\nby the&nbsp\;<b><i>Trade Development an
 d Political Economy Program</i></b> at the Moynihan Institute of Global Af
 fairs&nbsp\;</i></b></p>
END:VEVENT
END:VCALENDAR