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TDPE presents: Entrepreneurs, Jobs, and Trade

341 Eggers Hall

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TDPE presents: Entrepreneurs, Jobs and Trade

Speaker: Bulent Unel (Louisiana State University) 

Authors: Elias Dinopoulos and Bulent Unel

The authors propose a simple theory of endogenous firm productivity, unemployment, and personal income distribution. High-talented individuals choose to become self-employed entrepreneurs and acquire more managerial (human) capital; whereas low-talented individuals become workers and face the prospect of equilibrium unemployment. In the North-South global economy, a move from autarky to free trade raises firm-level productivity, reduces unemployment, raises inequality, and may reduce welfare in the North; whereas trade openness reduces firm productivity, increases unemployment, lowers inequality, and raises welfare in the South. Unilateral job-creating policies implemented by North have "begger-thy neighbor" elements: while they increase welfare in both countries, they reduce Northern unemployment and raise Southern unemployment; increase the North-South gap in per-capita income and raise the North-South gap in the supply of entrepreneurs.

Open to the Public

Sponsored by the Trade, Development and Political Economy Program in the Moynihan Institute of Global Affairs

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Exterior of Maxwell in black and white when there was no Eggers building

We’re Turning 100!

To mark our centennial in the fall of 2024, the Maxwell School will hold special events and engagement opportunities to celebrate the many ways—across disciplines and borders—our community ever strives to, as the Oath says, “transmit this city not only not less, but greater, better and more beautiful than it was transmitted to us.”

Throughout the year leading up to the centennial, engagement opportunities will be held for our diverse, highly accomplished community that now boasts more than 38,500 alumni across the globe.