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DESCRIPTION:Trade\, Development and Political Economy presents Lorenzo Cali
 endo\, Won Park Hahn Professor of Global Affairs and Management\; Professo
 r of Economics\; Deputy Dean\,&nbsp\;Jackson School of Global Affairs\, Ya
 le University.We develop a dynamic spatial growth model to explore the rol
 e of trade and internal migration in the process of economic development. 
 In our model\, the best global and local ideas contribute to the local sto
 ck of knowledge. Global ideas diffuse more to regions that are relatively 
 more exposed to international trade. In addition\, workers learn about loc
 al ideas and they diffuse these ideas across space and generate new insigh
 ts to local producers when they move to another location.&nbsp\;We show th
 at the stock of ideas at each location can be characterized by a tractable
  system of difference equations and that there exists a unique balanced gr
 owth path of the economy. We embed the diffusion of ideas through trade an
 d migration into a multi-country\, multi-region framework with internal an
 d international trade\, forward looking dynamic migration decisions and en
 dogenous capital accumulation. We apply our framework to study the role th
 at international trade and internal migration had on China's spatial devel
 opment since the 90's. We take our model to the data in the year 1990. We 
 also show how that the dynamic hat algebra method can be applied to the de
 trended version of the model.Professor Caliendo joined Yale School of Mana
 gement in 2011. Before that\, he was a Visiting Research Fellow at the Int
 ernational Economic Section\, Department of Economics of Princeton Univers
 ity and a Lecturer in Economics at the University of Chicago. He received 
 two Uruguayan National Prizes in Economics (Premio Raúl Trajtenberg and AC
 ADECO). He holds a BA in Economics (UCUDAL)\, a MCom (Auckland University)
 \, a MA in Economics and a PhD in Economics from the University of Chicago
 . He is also an Associate Professor of Economics at the Department of Econ
 omics of Yale University (by courtesy)\, a Faculty Research Fellow at the 
 National Bureau of Economic Research\, a member of the Research Staff at t
 he Cowles Foundation for Research in Economics\, affiliated Faculty to the
  Jackson Institute for Global Affairs at Yale University\, and an Associat
 e Editor at the Journal of International Economics.
DTEND:20220912T211500Z
DTSTAMP:20260513T093120Z
DTSTART:20220912T194500Z
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SUMMARY:Mechanics of Spatial Development
UID:RFCALITEM639142470801526571
X-ALT-DESC;FMTTYPE=text/html:<p>Trade\, Development and Political Economy p
 resents <strong>Lorenzo Caliendo</strong>\, Won Park Hahn Professor of Glo
 bal Affairs and Management\; Professor of Economics\; Deputy Dean\,&nbsp\;
 Jackson School of Global Affairs\, Yale University.</p><p>We develop a dyn
 amic spatial growth model to explore the role of trade and internal migrat
 ion in the process of economic development. In our model\, the best global
  and local ideas contribute to the local stock of knowledge. Global ideas 
 diffuse more to regions that are relatively more exposed to international 
 trade. </p><p>In addition\, workers learn about local ideas and they diffu
 se these ideas across space and generate new insights to local producers w
 hen they move to another location.&nbsp\;<span style="background-color: rg
 ba(0\, 0\, 0\, 0)\; color: inherit\; font-family: inherit\; font-size: inh
 erit\; text-align: inherit\; text-transform: inherit\; white-space: inheri
 t\; word-spacing: normal\; caret-color: auto">We show that the stock of id
 eas at each location can be characterized by a tractable system of differe
 nce equations and that there exists a unique balanced growth path of the e
 conomy. </span></p><p><span style="background-color: rgba(0\, 0\, 0\, 0)\;
  color: inherit\; font-family: inherit\; font-size: inherit\; text-align: 
 inherit\; text-transform: inherit\; white-space: inherit\; word-spacing: n
 ormal\; caret-color: auto">We embed the diffusion of ideas through trade a
 nd migration into a multi-country\, multi-region framework with internal a
 nd international trade\, forward looking dynamic migration decisions and e
 ndogenous capital accumulation. We apply our framework to study the role t
 hat international trade and internal migration had on China's spatial deve
 lopment since the 90's. We take our model to the data in the year 1990. </
 span></p><p><span style="background-color: rgba(0\, 0\, 0\, 0)\; color: in
 herit\; font-family: inherit\; font-size: inherit\; text-align: inherit\; 
 text-transform: inherit\; white-space: inherit\; word-spacing: normal\; ca
 ret-color: auto">We also show how that the dynamic hat algebra method can 
 be applied to the detrended version of the model.</span></p><p><strong>Pro
 fessor Caliendo</strong> joined Yale School of Management in 2011. Before 
 that\, he was a Visiting Research Fellow at the International Economic Sec
 tion\, Department of Economics of Princeton University and a Lecturer in E
 conomics at the University of Chicago. He received two Uruguayan National 
 Prizes in Economics (Premio Raúl Trajtenberg and ACADECO). </p><p>He holds
  a BA in Economics (UCUDAL)\, a MCom (Auckland University)\, a MA in Econo
 mics and a PhD in Economics from the University of Chicago. He is also an 
 Associate Professor of Economics at the Department of Economics of Yale Un
 iversity (by courtesy)\, a Faculty Research Fellow at the National Bureau 
 of Economic Research\, a member of the Research Staff at the Cowles Founda
 tion for Research in Economics\, affiliated Faculty to the Jackson Institu
 te for Global Affairs at Yale University\, and an Associate Editor at the 
 Journal of International Economics.</p>
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