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The Growth Lab's Research Seminar series is a weekly seminar that brings together researchers from across the academic spectrum who share an interest in growth and development.
Speaker: John Morrow, Reader in Economics at King's Business School
Whether attending in person or virtually, please register in advance.
Paper Abstract: Which products are potentially produced together? Can any firm eventually supply any new demand? Using multi-product production patterns within and across firms, we recover a continuous cost based distance between products and firms. Product distance implies a product adoption path, with each rank of distance decreasing adoption frequency. When export demand for unproduced products induces domestic adoption, closer firms supply them. Counterfactual production costs imply measures of Revenue Potential and Competitive Pressure. These predict firm sales growth, scope growth and core focus. If all firms produced all products linked by co-production, consumer welfare would increase by 20-30%.
About the Speaker: John Morrow is a Reader in Economics at King's Business School and is affiliated to the Centre for Economic Performance and Centre for Economic Policy Research. His main research studies firm responses to economic changes such as trade or industrial policies and the consequences for productivity and efficiency, especially in developing countries. John completed a PhD at the University of Wisconsin-Madison and is a recipient of the FIW Young Economist Award and ETSG Chair Jacquemin Prize. John has taught at Kent State University, London School of Economics, University of Essex and Birkbeck College.