New Paper by Martin Wagner Published in Empirical Economics
Martin Wagner’s paper “Residual-based cointegration and non-cointegration tests for cointegrating polynomial regressions” has been published in Empirical Economics.
Martin Wagner’s paper “Residual-based cointegration and non-cointegration tests for cointegrating polynomial regressions” has been published in Empirical Economics.
Prof. Herbert Dawid (Bielefeld University) holds a talk on “Digital Product Innovation and Global Value Chains: An Agent-Based Analysis” on Mon. 23 January 2023 at 9:00am in room Z.1.09 (Main Building). Guests welcome!
We study the impact of digitization in the form of product innovation on the location of economic activities and value extraction on global supply chains and its effects on industry dynamics such as factor compensation. We develop a novel two-region agent-based model consisting of two traditional manufacturing sectors (upstream and downstream), an emerging digital goods sector and a service sector to account for structural change. In the wake of digitization final good producers incorporate digital components into their products, thereby increasing the product quality. We show that the region, where prior to digitization final good producers offer lower quality goods and are less competitive, is more likely to become dominant in the emerging digital goods sector. Whether digitization also results in a catch-up of the weaker region in the final goods sector depends crucially on the degree of complementarity between conventional and digital components in determining product quality. Furthermore, we analyze the implications of digitization on wage inequality within and between regions.
The 2nd Quantitative Economics Workshop 2023 takes place on Tue., January 17, 2023 at 2:30pm in room B02.2.13. Follow-up on the presentation by Christian Zwatz “Large Sample Robust Inference in the Generalized Linear Regression Model“.
Guests welcome!
The 1st Quantitative Economics Workshop 2023 takes place on Tue., January 10, 2023 at 2:30pm in room B02.2.13. Follow-up on the presentation by Christian Zwatz “Large Sample Robust Inference in the Generalized Linear Regression Model“.
Guests welcome!
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