[FIW_Logo_de_en] Please click here for the English version Sehr geehrte Damen und Herren, im heutigen Newsletter möchten wir Sie über die kommenden Seminare in International Economics im Herbst 2021 informieren. Das FIW bietet gemeinsam mit dem Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw) regelmäßig Vorlesungen in Form eines „Seminars in International Economics" an, zu denen wir Sie herzlich einladen. Folgende Seminare in International Economics finden im Herbst 2021 statt: * The Domestication of value chains. Can the Visegrád Group countries benefit from the Chinese experience? (Online event) * Growing imbalances of cross-border investment incomes: A ‘Fault Line’ in the Eurozone? (Online event) * Market Selection in Global Value Chains (Online event) * Climate Change and Internal Migration: Evidence from Global Census Data (Online event) * Reminder: Einladung zur Auftaktveranstaltung im Rahmen des Außenwirtschaftscurriculums 2021/22: Open Markets Matter (Webinar) Einladung zum Seminar in International Economics: The Domestication of value chains. Can the Visegrád Group countries benefit from the Chinese experience? (Online event) The Domestication of value chains. Can the Visegrád Group countries benefit from the Chinese experience? (Online event) Vortragender: Tomasz Geodecki, Cracow University of Economics Zeit: Donnerstag, 30. September 2021, 15:00 Uhr Registrierungslink: https://us06web.zoom.us/webinar/register/WN_sLHfp0-cRaydRVAsr9K1-A Der Einwahllink wird Ihnen unmittelbar nach der Registrierung zugeschickt. Sprache: Englisch Description: Developing countries sometimes deploy local content requirements (LCRs) with a view to strengthening the capacity of domestic firms for industrial upgrading. They induce foreign lead firms to intensify cooperation with local suppliers and transfer technological knowledge in the process. The literature underscores the ineffectiveness of LCRs, as the gains for local suppliers tend to be offset by losses for final producers and consumers, yet treating LCRs as an innovation policy instrument may alter these outcomes. Taking the Chinese LCR policy pursued in 2004‒2014 in the high-tech and medium-high-tech (HT&MHT) sectors as a starting point, we intend to consider whether or not it can be replicated by the Visegrád Group countries (or the V4, i.e. the Czech Republic, Hungary, Poland, Slovakia). Apart from natural for the EU ban on violating free trade rules, the benefits of such policy would not offset the negative effects of decreased share of foreign demand. The authors’ research hypothesis is that LCRs cannot actually become an effective tool of the V4’s economic policy. In order to test it, three auxiliary questions were formulated: (1) Did the application of LCRs contribute to value-added in the Chinese economy?; (2) What were the mechanisms of LCRs’ impact on value-added in Chinese HT&MHT sectors?; and (3) Can the V4 countries follow the Chinese development path?. Einladung zum Seminar in International Economics: Growing imbalances of cross-border investment incomes: A ‘Fault Line’ in the Eurozone? (Online event) Growing imbalances of cross-border investment incomes: A ‘Fault Line’ in the Eurozone? (Online event) Vortragender: Konstantin M. Wacker, University of Groningen Zeit: Donnerstag, 07. Oktober 2021, 15:00 Uhr Registrierungslink: https://us06web.zoom.us/webinar/register/WN_Dzn1pXqcSKGFXzacguGJ-g Der Einwahllink wird Ihnen unmittelbar nach der Registrierung zugeschickt. Sprache: Englisch Description: The investment income balance has become an important component of current account imbalances – magnitudes above 5% of GDP are not uncommon in major economies. This paper investigates trends, dynamics, and potential determinants of cross-border investment income flows. The essential question I explore in this paper is whether those investment income imbalances can become a substantial problem for countries in the Eurozone, which lacks the exchange rate as an adjustment mechanism for such imbalances. I find no evidence for a particularly persistent or divergent pattern of imbalances in Euro area countries. However, investment incomes behave fundamentally different from other current account components and a negative association between the two is found exclusively for Euro area countries. This calls for a much more differentiated perspective on the current account in academic analysis and policy. Einladung zum Seminar in International Economics: Market Selection in Global Value Chains (Online event) Market Selection in Global Value Chains (Online event) Vortragender: Simone Vannuccini, University of Sussex Business School Zeit: Donnerstag, 14. Oktober 2021, 16:00 Uhr Registrierungslink: https://us06web.zoom.us/webinar/register/WN_Nch_T53NQSKm34AWeBsrvw Der Einwahllink wird Ihnen unmittelbar nach der Registrierung zugeschickt. Sprache: Englisch Description: The presentation is based on a paper<https://www.uni-bamberg.de/fileadmin/uni/fakultaeten/sowi_faecher/vwl/BERG/BERG_170.pdf> co-authored with Philipp Mundt, Uwe Cantner, Hiroyasu Inoue, and Ivan Savin. The idea that market selection promotes survival and expansion of the “fittest” producers is a key principle underlying theories of competition. Yet, despite its intuitive appeal, the hypothesis that companies with superior productivity also exhibit higher growth lacks empirical support. One reason for this is that companies are not “islands” that produce goods and services in isolation but depend on their suppliers in value chains, implying that excessive growth can also originate in the superior productive performance of these value-chain partners. Neglecting these dependencies in empirical tests of the selection hypothesis leads to measurement errors and may impair the identification of competition for the market. In this paper, we use data from the World Input-Output Database to capture these global value-chain relationships in an empirical test for market selection, studying competition between country-sectors for a global market share in different economic activities. Compared to the conventional view that focuses on individual productivities, our value-chain perspective on the productivity-growth nexus provides stronger empirical support for market selection. This suggests that the scope of selection reaches beyond the level of individual producers and requires a systemic analysis of production networks. Our findings contribute to a better understanding of the determinants of selection in competitive environments and also represent a novel application of global value-chain data. Einladung zum Seminar in International Economics: Climate Change and Internal Migration: Evidence from Global Census Data (Online event) Climate Change and Internal Migration: Evidence from Global Census Data (Online event) Vortragender: Roman Hoffmann, International Institute for Applied Systems Analysis Zeit: Donnerstag, 4. November 2021, 15:00 Uhr Registrierungslink: https://us06web.zoom.us/webinar/register/WN_vwvjGbVJTTC72Kd8w32jIw Der Einwahllink wird Ihnen unmittelbar nach der Registrierung zugeschickt. Sprache: Englisch Description: In this paper, we provide a systematic comparative analysis of climate-induced internal migration across 69 countries in Africa, Asia and Latin America and the Caribbean based on the micro census data supplied by the Integrated Public Use Microdata Series (IPUMS) International over the period 1960-2015. Using the data from 188 censuses, we construct a longitudinal database at the sub-national regional level (Geo 1 census regions) with information on bilateral migration flows between the regions. Migration is estimated based on information on the previous residence of the census participants five or ten years prior to the respective census date (Garcia et al. 2015). In total, the data contains information on internal migration from 1600 census regions allowing us to estimate approximately 98000 bilateral migration flows. We use gravity-type fixed effects models to estimate internal migration flows induced by temperature and rainfall anomalies as well as drought taking into account both socioeconomic and climate drivers at the origin and destination. All models control for both region of origin as well as destination fixed effects and common time trends. We find a sizeable impact of negative precipitation anomalies, as well as weaker but significant impacts of heat anomalies and droughts on migration. Our findings furthermore suggest that also climatic conditions in destination regions influence migration flows to those regions. Fitting a series of spatial interaction models for different world regions, we find long-term heat stress increases out-migration in Asia and Latin America and the Caribbean while internal migration flows decline in Africa as the frequency of dry years increase. For the latter, the vulnerable subgroups of population may be ‘trapped’ in the place with unfavorable climatic conditions since they do not have necessary resources to facilitate outmigration (Black et al. 2013). Reminder: Einladung zur Auftaktveranstaltung des Außenwirtschaftscurriculums 2021/22 (Webinar): Open Markets Matter Das Kompetenzzentrum Forschungsschwerpunkt Internationale Wirtschaft (FIW), die Verwaltungsakademie des Bundes, und das Bundesministerium für Digitalisierung und Wirtschaftsstandort laden Sie und Ihre interessierten Kolleginnen und Kollegen herzlich zur Teilnahme am Außenwirtschafts-Curriculum 2011/2022 ein. Die Auftaktveranstaltung zum Thema „Open Markets Matter“ mit Dr. Manfred Schekulin (BMDW) findet am 30. September 2021, 9 bis 11 Uhr als Webinar statt. Anmeldung erforderlich: https://my.demio.com/ref/PqbPIKbJZKBA7ydy Den Teilnahmelink erhalten Sie unmittelbar nach der Anmeldung. Technische Voraussetzungen: Dieses Webinar sollte in allen aktuellen und gängigen Browsern und auf allen gängigen Plattformen (inklusive Tablets und Smartphones) funktionieren. Bitte vermeiden Sie den Internet Explorer, da dieser veraltet ist und seit einiger Zeit nicht mehr weiterentwickelt wird. Wir empfehlen aktuelle Versionen von Firefox, Chrome, Edge oder Safari. Wenn Sie Probleme mit einem dieser Browser haben, versuchen Sie es bitte mit einem anderen. Alle Informationen zum Außenwirtschafts-Curriculum sowie zu den Seminaren 2021 und 2022 finden Sie hier: Informationen zum AW-Curriculum 2021/2022<https://fiw.ac.at/veranstaltungen/aussenwirtschafts-curriculum/aw-curriculum-2021/22> Einladung<https://fiw.ac.at/fileadmin/Documents/Veranstaltungen/VAB/2021/Einladung_AW_Curriculum_2021-22.pdf> Programm<https://fiw.ac.at/fileadmin/Documents/Veranstaltungen/VAB/2021/Programm_AW-Curriculum_2021-22.pdf> Anmeldelinks<https://fiw.ac.at/veranstaltungen/aussenwirtschafts-curriculum-2021-22/anmeldung-aw-curriculum> Wir freuen uns über Ihre Teilnahme an den Veranstaltungen. Mit freundlichen Grüßen Alexander Hudetz und Birgit Buschbom FIW-Projektbüro Es entspricht nicht unserer Philosophie Ihnen unerwünschte E-Mails zukommen zu lassen. Falls Sie keine weiteren E-Mails vom FIW erhalten möchten, schreiben Sie bitte an das Projektbüro<mailto:fiw-pb@fiw.at> mit dem Betreff "Abmelden". __________________________________ Der Forschungsschwerpunkt Internationale Wirtschaft (FIW) (https://www.fiw.ac.at/) ist eine Kooperation zwischen der Wirtschaftsuniversität Wien (WU), der Universität Wien, der Johannes Kepler Universität Linz und der Universität Innsbruck, WIFO, wiiw und WSR. FIW wird von den Bundesministerien BMBFW und BMDW finanziert. Dear Sir or Madam, In today's newsletter we would like to inform you about the upcoming Seminars in International Economics in autumn 2021. Together with the Vienna Institute for International Economic Studies (wiiw), FIW offers regular lectures in the form of a "Seminar in International Economics", to which we cordially invite you. The following seminars in International Economics will take place in autumn 2021: * The Domestication of value chains. Can the Visegrád Group countries benefit from the Chinese experience? (Online event) * Growing imbalances of cross-border investment incomes: A ‘Fault Line’ in the Eurozone? (Online event) * Market Selection in Global Value Chains (Online event) * Climate Change and Internal Migration: Evidence from Global Census Data (Online event) * Reminder: Invitation to the kick-off event of the Foreign Trade Curriculum 2021/22: Open Markets Matter (Webinar in German language) Invitation to Seminar in International Economics: The Domestication of value chains. Can the Visegrád Group countries benefit from the Chinese experience? (Online event) The Domestication of value chains. Can the Visegrád Group countries benefit from the Chinese experience? (Online event) Speaker: Tomasz Geodecki, Cracow University of Economics Time: Thursday, 30 September 2021, 03:00 p.m. Registration link: https://us06web.zoom.us/webinar/register/WN_sLHfp0-cRaydRVAsr9K1-A The dial-in link will be sent immediately after registration. Language: English Description: Developing countries sometimes deploy local content requirements (LCRs) with a view to strengthening the capacity of domestic firms for industrial upgrading. They induce foreign lead firms to intensify cooperation with local suppliers and transfer technological knowledge in the process. The literature underscores the ineffectiveness of LCRs, as the gains for local suppliers tend to be offset by losses for final producers and consumers, yet treating LCRs as an innovation policy instrument may alter these outcomes. Taking the Chinese LCR policy pursued in 2004‒2014 in the high-tech and medium-high-tech (HT&MHT) sectors as a starting point, we intend to consider whether or not it can be replicated by the Visegrád Group countries (or the V4, i.e. the Czech Republic, Hungary, Poland, Slovakia). Apart from natural for the EU ban on violating free trade rules, the benefits of such policy would not offset the negative effects of decreased share of foreign demand. The authors’ research hypothesis is that LCRs cannot actually become an effective tool of the V4’s economic policy. In order to test it, three auxiliary questions were formulated: (1) Did the application of LCRs contribute to value-added in the Chinese economy?; (2) What were the mechanisms of LCRs’ impact on value-added in Chinese HT&MHT sectors?; and (3) Can the V4 countries follow the Chinese development path?. Invitation to Seminar in International Economics: Growing imbalances of cross-border investment incomes: A ‘Fault Line’ in the Eurozone? (Online event) Growing imbalances of cross-border investment incomes: A ‘Fault Line’ in the Eurozone? (Online event) Speaker: Konstantin M. Wacker, University of Groningen Time: Thursday, 07 October 2021, 03:00 p.m. Registration link: https://us06web.zoom.us/webinar/register/WN_Dzn1pXqcSKGFXzacguGJ-g The dial-in link will be sent immediately after registration. Language: English Description: The investment income balance has become an important component of current account imbalances – magnitudes above 5% of GDP are not uncommon in major economies. This paper investigates trends, dynamics, and potential determinants of cross-border investment income flows. The essential question I explore in this paper is whether those investment income imbalances can become a substantial problem for countries in the Eurozone, which lacks the exchange rate as an adjustment mechanism for such imbalances. I find no evidence for a particularly persistent or divergent pattern of imbalances in Euro area countries. However, investment incomes behave fundamentally different from other current account components and a negative association between the two is found exclusively for Euro area countries. This calls for a much more differentiated perspective on the current account in academic analysis and policy. Invitation to Seminar in International Economics: Market Selection in Global Value Chains (Online event) Market Selection in Global Value Chains (Online event) Speaker: Simone Vannuccini, University of Sussex Business School Time: Thursday, 14 October 2021, 04:00 p.m. Registration link: https://us06web.zoom.us/webinar/register/WN_Nch_T53NQSKm34AWeBsrvw The dial-in link will be sent immediately after registration. Language: English Description: The presentation is based on a paper<https://www.uni-bamberg.de/fileadmin/uni/fakultaeten/sowi_faecher/vwl/BERG/BERG_170.pdf> co-authored with Philipp Mundt, Uwe Cantner, Hiroyasu Inoue, and Ivan Savin. The idea that market selection promotes survival and expansion of the “fittest” producers is a key principle underlying theories of competition. Yet, despite its intuitive appeal, the hypothesis that companies with superior productivity also exhibit higher growth lacks empirical support. One reason for this is that companies are not “islands” that produce goods and services in isolation but depend on their suppliers in value chains, implying that excessive growth can also originate in the superior productive performance of these value-chain partners. Neglecting these dependencies in empirical tests of the selection hypothesis leads to measurement errors and may impair the identification of competition for the market. In this paper, we use data from the World Input-Output Database to capture these global value-chain relationships in an empirical test for market selection, studying competition between country-sectors for a global market share in different economic activities. Compared to the conventional view that focuses on individual productivities, our value-chain perspective on the productivity-growth nexus provides stronger empirical support for market selection. This suggests that the scope of selection reaches beyond the level of individual producers and requires a systemic analysis of production networks. Our findings contribute to a better understanding of the determinants of selection in competitive environments and also represent a novel application of global value-chain data. Invitation to Seminar in International Economics: Climate Change and Internal Migration: Evidence from Global Census Data (Online event) Climate Change and Internal Migration: Evidence from Global Census Data (Online event) Speaker: Roman Hoffmann, International Institute for Applied Systems Analysis Time Thursday, 4 November 2021, 03 p.m. Registration link: https://us06web.zoom.us/webinar/register/WN_vwvjGbVJTTC72Kd8w32jIw The dial-in link will be sent immediately after registration. Sprache: English Description: In this paper, we provide a systematic comparative analysis of climate-induced internal migration across 69 countries in Africa, Asia and Latin America and the Caribbean based on the micro census data supplied by the Integrated Public Use Microdata Series (IPUMS) International over the period 1960-2015. Using the data from 188 censuses, we construct a longitudinal database at the sub-national regional level (Geo 1 census regions) with information on bilateral migration flows between the regions. Migration is estimated based on information on the previous residence of the census participants five or ten years prior to the respective census date (Garcia et al. 2015). In total, the data contains information on internal migration from 1600 census regions allowing us to estimate approximately 98000 bilateral migration flows. We use gravity-type fixed effects models to estimate internal migration flows induced by temperature and rainfall anomalies as well as drought taking into account both socioeconomic and climate drivers at the origin and destination. All models control for both region of origin as well as destination fixed effects and common time trends. We find a sizeable impact of negative precipitation anomalies, as well as weaker but significant impacts of heat anomalies and droughts on migration. Our findings furthermore suggest that also climatic conditions in destination regions influence migration flows to those regions. Fitting a series of spatial interaction models for different world regions, we find long-term heat stress increases out-migration in Asia and Latin America and the Caribbean while internal migration flows decline in Africa as the frequency of dry years increase. For the latter, the vulnerable subgroups of population may be ‘trapped’ in the place with unfavorable climatic conditions since they do not have necessary resources to facilitate outmigration (Black et al. 2013). Reminder: Invitation to the kick-off event of the Foreign Trade Curriculum 2021/22: Open Markets Matter (Webinar) The FIW - Research Centre International Economics, the VAB, and the Federal Ministry for Digital and Economic Affairs invite you and your interested colleagues to participate in the Foreign Trade Curriculum 2021/22. The kick-off event on the topic "Open Markets Matter" (in German language) with Dr Manfred Schekulin (BMDW) will take place as a webinar on September 30, 2021, 9 to 11 a.m. Registration link: https://my.demio.com/ref/PqbPIKbJZKBA7ydy You will receive the dial-in link immediately after registration. Technical requirements: This webinar should work in all recent browsers, on all common devices including tablets and smartphones. Please avoid Internet Explorer, as it is outdated and no longer maintained. We recommend to use up-to-date versions of Firefox, Chrome, Edge or Safari. If you have problems with one of them, please try another one of these. All information on the Foreign Trade Curriculum and the seminars in 2021 and 2022 can be found here: Information AW-Curriculum 2021/2022<https://fiw.ac.at/veranstaltungen/aussenwirtschafts-curriculum/aw-curriculum-2021/22> Invitation<https://fiw.ac.at/fileadmin/Documents/Veranstaltungen/VAB/2021/Einladung_AW_Curriculum_2021-22.pdf> Programme<https://fiw.ac.at/fileadmin/Documents/Veranstaltungen/VAB/2021/Programm_AW-Curriculum_2021-22.pdf> Anmeldelinks<https://fiw.ac.at/veranstaltungen/aussenwirtschafts-curriculum-2021-22/anmeldung-aw-curriculum> We are looking forward to your participation in the events. Kind regards Alexander Hudetz and Birgit Buschbom FIW Project Office It is not our philosophy to send you unwanted e-mails. If you do not wish to receive further e-mails from FIW, please write to the project office<mailto:fiw-pb@fiw.ac.at> with the subject "Unsubscribe". _____________________________________________________ The FIW - Research Centre International Economics (https://www.fiw.ac.at/) is a cooperation between the Vienna University of Economics and Business (WU), the University Vienna, the Johannes Kepler University Linz and the University of Innsbruck, WIFO, wiiw and WSR. FIW is funded by BMBFW and BMDW. [Titel: Logo des FIW - Beschreibung: Das ist das Logo Kompetenzzentrum Forschungsschwerpunkt Internationale Wirtschaft, das in Kooperation mit dem BMDW die AW-Vorlesungen organisiert.]