Estimados Académicos y Académicas FEN,

Les extendemos la invitación al seminario que organiza el Departamento de Economía, en el que se presentará el trabajo titulado "Growth Accounting in Open Economies with Distortions".

Expone: Federico Hunneus, profesor asistente Universidad de Duke

Abstract: We present a theory for growth accounting in open economies with distortions. In addition to domestic distortions, we include distortions from imported intermediate inputs and from exports. We show that trade can influence aggregate TFP growth through three channels: the distortion of exports, the production network propagation of import distortions and the accounting of imports in national accounts. We quantify these forces by using administrative firm-to-firm and tax data for the universe of formal firms from Chile between 2005 and 2021. Observed TFP growth is explained by allocative efficiency rather than technological change. International trade accounts for 48% of  aggregate TFP growth, with all three channels being quantitatively important.

El formato será presencial y el seminario se desarrollará en la Sala P-302.

Saludos cordiales,

Dirección de Investigación