Dear Colleague,

We cordially invite you to the wiiw-FIW-Seminar in International Economics on

Thursday, 17 November, 4 pm
wiiw, Rahlgasse 3, 1060 Vienna, lecture hall (entrance from the ground floor)

On the Impact of CETA: Trade and Investment

Mario Larch (with James E. Anderson and Yoto V. Yotov)
University of Bayreuth

Abstract
We develop a structural framework that accounts for and decomposes the relationships between trade, growth (physical capital accumulation), and foreign direct investment (FDI). As a byproduct, our theory delivers an intuitive FDI-gravity system that translates into a familiar estimating gravity equation. The FDI-gravity estimates are similar to the corresponding trade indexes, however, we also document some notable differences between them. A counterfactual experiment simulating the effects of trade liberalization between Canada and the European Union demonstrates the effectiveness and the capabilities of our framework.

Keywords: Trade, FDI, Growth, Trade Liberalization, Capital Accumulation
JEL Codes: F10, F43, O40

After the seminar there will be the opportunity for the speaker and the audience for further discussions, accompanied by drinks and snacks.

This seminar series is an activity in the framework of FIW ('Forschungsschwerpunkt Internationale Wirtschaft'), which is a project designed to build a center of excellence in research on International Economics, funded by the Austrian Ministry of Science, Research and Economy (BMWFW).

The seminar programme is regularly updated. Please visit the wiiw or FIW website for the current version of the programme. Papers and presentation slides, as far as available, are posted on our webpage after the respective seminars.

Best regards,
Julia Grübler
Organizer

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Michaela Bönisch

Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
The Vienna Institute for International Economic Studies
Rahlgasse 3, A-1060 Wien

T: +43 1 533 66 10 - 40
F: +43 1 533 66 10 - 50
boenisch@wiiw.ac.at
http://www.wiiw.ac.at/

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