Central Council

 

Eminent Speaker Series: Mary Amiti, Federal Reserve Bank of NY

Date

From: Wednesday May 22, 2024, 12:00 pm

To: Wednesday May 22, 2024, 1:00 pm

FDI and Superstar Spillovers: Evidence from firm-to-firm transactions, co-authored with Cedric Duprez, Jozef Konings, and John Van Reenen.

We are delighted to announce that Mary Amiti of the Federal Reserve Bank of New York will present her paper in-person at the Productivity Commission, Melbourne.  For ESA Members based interstate, a link is available to join via Teams.  Please let us know how you will attend when registering.


Abstract  Using firm-to-firm transactions, we show that starting to supply a 'superstar' firm (large domestic firms, exporters and multinationals) boosts productivity by 8% in the medium run.

Placebos on starting relationships with smaller firms and novel identification strategies support a causal interpretation of superstar spillovers. Consistent with a model of technology transfer, we find falls in markups and bigger treatment effects from technology-intensive superstars. We also show that the increase in new buyers is particularly strong within the superstar firm's network, a “dating agency” effect. This suggests an important role for raising productivity through superstars' supply chains regardless of their multinational status.  Read the Full Paper.

About our Speaker

Mary Amiti is the head of Labor and Product Market Studies within the Monetary Policy Research Division. Prior to joining the Bank, she held positions at the International Monetary Fund, World Bank, the University of Melbourne, and the University of Pompeu Fabra. She graduated with a PhD in Economics from the London School of Economics in 1997, with a specialization in international trade. She has published in leading journals such as the American Economic Review, Quarterly Journal of Economics, Review of Economic Studies, Review of Economics and Statistics, and Journal of International Economics. Her research interests include trade finance, the effects of trade liberalization on productivity, wages, the wage skill premium, and product quality.


Registration and Joining this Event

To register please book online below. 

Virtual Attendees: The link to join via Teams will be sent 24 hours prior.

In-person Attendees: 697 Collins (2MQ) is significantly back from Collins Street; while it is reached from Collins Street, it is closer to Flinders Street.

Remember to let us know how you plan to attend when registering as there is limited capacity at the venue.  This is a member-only event and you will need to be logged in to register.  Reach out to your branch administrator if you require assistance.

The timing of this event is AEST (SYD/CBR/MEL)

 

Click here to Book Online - Members Only: Login to Book


Venue

Productivity Commission

697 Collins Street, Level 8, Two Melbourne Quarter building, Melbourne VIC 3000


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