Master's 111/211 seminar – 'Global Value Chains, Trade and Development'
Monday January 27th from 2 PM to 5:30 PM in room A709, Université Paris-Dauphine, main campus
Joaquim Guilhoto (USP), Guillaume Daudin (Paris-Dauphine), Hubert Escaith (WTO), Norihiko Yamano (OECD), Aycii Yücer (Dokuz Eylül Universitesi), Jean-Marc Siroën (Paris-Dauphine)
The fact that foreign trade statistics and indicators (exports, imports, openness rates, specialization indexes) do not allow us to isolate exports' national or regional added-value has led to numerous analytical errors (over-estimation of exports' contribution to growth and employment, erroneous analyses of specialization and bilateral trade balances, under-estimation of foreign trade elasticity to global demand, etc.) and has biased policy decisions: exchange rates, protectionism…
This realization, reinforced by an unexpected fall in foreign trade in 2008-2009, led international organizations to revamp their statistical tools (the OECD-WTO Made in the World program) using input-output models for international exchanges in order to evaluate trade in terms of added-value rather than gross value.
The revised statistics highlight a vertical specialization process (by stages in the production process) and will certainly fuel new publications and debates on globalization.
The seminar organized by the Master's 111/211 department brings together economists and statisticians from the OECD and the WTO who tool part in the statistical revision.
Speakers: Joaquim Guilhoto (USP), Guillaume Daudin (Paris-Dauphine), Hubert Escaith (WTO), Norihiko Yamano (OECD), Aycii Yücer (Dokuz Eylül Universitesi)
For the detailed program, visit the Master's 111 web site