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【10.19讲座】Ping Wang : Mismatch and Assimilation
来源:时间:2018-10-18作者:

Mismatch and Assimilation

Time:4:00pm - 5:30pm, Oct 19, 2018

Venue:Room 359S, Overseas Exchange Center, Peking University

Speaker:Ping Wang

(Department of Economics, Washington University in St. Louis)


Abstract

Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional factor input-technology mismatch, thus mitigating the efficiency loss. This yields a new measure for endogenous TFP, entailing a novel trade-off between a country's income level and income growth that depends critically on the assimilation ability and the factor input mismatch. Our model accounts for 80%-92% of the global income variation over the past 50 years. The widening of mismatch accounts for 40%-60% of the global growth variation, whereas physical capital accounts for about one third with human capital largely inconsequential. While about 30% of the growth performance in miracle Asian economies can be attributed to successful assimilation which narrows the gap arisen from mismatch, almost 70% of growth stagnation in trapped African economies is due to the lack of assimilation. A country may fall into a middle-income trap after a factor advantage reversal that changes the pattern of mismatch.


Speaker



Ping Wang is Seigle Family Distinguished Professor of Arts and Sciences at Washington University in St. Louis and Research Associate at the NBER (National Bureau of Economic Research). His major research areas include Growth and Development, Money and Macroeconomics, Economic Theory, and Spatial/Health Economics. He has published over 60 research articles in refereed journals, including American Economic Review, Review of Economic Studies, Journal of Economic Theory, Journal of Monetary Economics, International Economic Review, and Review of Economics and Statistics. He is currently Vice President for Planning and Development of the East Asian Institute, Associate Editor for Economics Bulletin, Journal of Public Economic Theory, Pacific Economic Review and Regional Science and Urban Economics, and on the editorial and advisory boards for Journal of Macroeconomics, Taipei Economic Review, and American Association for Chinese Studies. In 2005, he was awarded Best Research Paper Award by the Society of Industrial Economics. He served as Department Chair at Vanderbilt University and at Washington University in St. Louis, and was Vice President of the Chinese Economic Association in North America. He received a Ph.D. degree in Economics from the University of Rochester in 1987. 

上一篇:【10.29讲座】Gordon Hanson: Tradability and Immigration
下一篇:【10.10讲座】Lorenzo Caliendo: Trade and Labor Market Dynamics: General Equilibrium Analysis of the China Trade Shock
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