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CREATED:20230922T101709Z
UID:4799
DTEND:20231010T130000Z
DTSTART:20231010T120000Z
DTSTAMP:20260410T151241Z
LOCATION:Zoom
DESCRIPTION:The Competence Centre for International Economics Research (FIW) kindly inv
 ites to participate in the Seminar in International Economics on the topic 
 International spillovers of quality regulations Presenter: Luca Macedoni (A
 arhus University) Discussant: Mingzhi (Jimmy) Xu (Peking University\, Asian
  Infrastructure Investment Bank) Abstract: This paper investigates the posi
 tive international spillover effects of non-discriminatory product regulati
 ons\, such as quality standards. It will incorporate regulations into a mul
 ti-country general equilibrium framework with firm heterogeneity and variab
 le mark-ups. The research models regulations as a fixed cost that any firm 
 selling to an economy must pay\, consistent with stylised facts that are pr
 esented. It is demonstrated that\, in the presence of variable mark-ups\, t
 he fixed cost generates a positive spillover effect on the rest of the worl
 d\, as it induces entry of high-quality firms and it improves the terms of 
 trade of the non-imposing countries. The author argues that the benefits of
  such regulations are not fully realised under non-cooperative policy setti
 ngs\, leading to a call for international cooperation in setting regulation
 s. The research estimates the model and applies its gravity formulation to 
 quantify the global welfare consequences of altering regulatory policies\, 
 the extent of the positive externalities across countries\, the effects of 
 cooperation\, and the comparison with further tariff liberalisation. The an
 alysis reveals that the entry of new high-quality firms\, rather than chang
 es in terms of trade\, serves as the main quantitative driver of internatio
 nal spillovers. The presentation if available\, will be posted after the ev
 ent. The seminar series is organised by the Vienna Institute for Internatio
 nal Economic Studies (wiiw) in co-operation with FIW and the European Unive
 rsity Institute. The seminar provides a forum for presentation and discussi
 on of recent academic research in the field of international economics.
SUMMARY:Seminar in International Economics: International spillovers of quality reg
 ulations
ORGANIZER:FIW
URL;VALUE=URI:https://www.fiw.ac.at/en/event/seminar-in-international-economics-internati
 onal-spillovers-of-quality-regulations/
TRANSP:OPAQUE
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DESCRIPTION:Reminder for Seminar in International Economics: International spillovers of quality reg
 ulations
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