REAL Seminar
Friday, November 27, 2020
9-10 a.m. CST
Join Zoom Meeting by clicking here
Meeting ID: 997 1523 2314
Passcode: 923169
Xiaoli Shi
Associate Professor
Jimei University, China
"Industrial Transfer and Its Impact on Regional Innovation: The Case of China"
China's innovation is spatially related, and one of the reasons comes from the transfer of industries. Based on the data of 30 provinces in China from 2006 to 2016, this paper measures the transfer of manufacturing industries for different regions and analyzes its characteristics. And then this paper establishes spatial econometric models to analyze the impact of the industrial transfer on regional innovation. The result shows that industrial transfer does have a significant positive effect on regional innovation. In addition, the investment of R&D, human capital, economic development, openness, nationalization, as well as regional innovation from neighboring regions all have positive impacts on regional innovation.
and
Raphael Fernandes
Researcher, MSc in Economics
University of Sao Paulo, Brazil
"Government Spending Multiplier and Regional Economics Growth: A General Equilibrium Analysis"
The differences in growth rate and levels of economic activity between regions within a country motivated the search for strategies to reduce regional disparities. At the initial stages of development, the concentration of economic activity has a positive effect on national growth rates, while raising regional inequality. However, after reaching a certain level of regional concentration, increases in the latter would dampen national growth. Fiscal policy aimed at lagging regions configures as a regional policy for their development. There is no consensus in the economic literature about fiscal policy’s role, and there are still limited studies quantifying the multiplier effects at the local level, especially in developing countries. The global financial crisis of the late 2000s revitalized this debate, given the inability of monetary policy to counter the falling of economic levels. From a regional perspective, the heterogeneity in the transmission of a fiscal impulse causes varied effects between regions within a country due to differentials in productive structure and interdependence. In this context, the aim of this thesis is to analyze the impacts of Federal Government spending on the Brazilian regional economic growth. Thus, we seek to answer which policies would generate the highest multiplier effect on output. We will achieve this objective through a computable general equilibrium analysis (CGE) for the Brazilian economy, which will measure the effects from both the aggregate and the regional perspectives. In this sense, this thesis offers another perspective on the multiplier effect: at first, by calculating for each state its Federal Government Spending Multiplier; second, it decomposes the total multiplier in its intraregional effect and the interregional effect. Therefore, as a preview of results, we found that the multiplier is higher in more impoverished areas and sensitive to trade openness. Last, it provides evidence that there is no trade-off between mitigating regional disparities and fostering national growth, and consequently, government spending could be used for regional development.
