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DTSTART;TZID=America/New_York:20251104T101500
DTEND;TZID=America/New_York:20251104T113000
DTSTAMP:20251102T203423Z
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UID:17034-1762251300-1762255800@growthlab.hks.harvard.edu
SUMMARY:Industrial Policy: Managing Trade-Offs to Promote Growth and Resilience
DESCRIPTION:Academic Research Seminars Hybrid\n\n\nThe 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. \n\n\n\nCountries increasingly seek to reshape their economies by targeting public support to specific firms and sectors. Their motives vary widely but often include an emphasis on developing strategic industries\, with a view to raising future productivity and growth\, and reducing reliance on imports in key sectors such as energy. Sebastian Wende\, an economist in the Economic Modeling team of the International Monetary Fund’s Research Department\, will discuss new research that leverages theoretical models\, empirical data\, and case studies to investigate the conditions under which such industrial policies are most likely to succeed.  \n\n\n\nWhether attending in person or virtually\, please register in advance. Room attendance is permitted for the Harvard community. The Zoom session is open to the public. \n\n\n\nAbstract: Countries are increasingly using industrial policy to reshape their economies by supporting strategic sectors and firms. Motivations include boosting productivity\, reducing reliance on imports—especially in energy—and enhancing resilience. Industrial policies can help jump-start domestic industries\, but their efficacy is sensitive to sector-specific characteristics that can be hard to determine in advance. And industrial policies present trade-offs. Onshoring production in a strategic sector might lead to higher consumer prices for a prolonged period. And the fiscal cost of industrial policy can be substantial at a time of elevated debt and constrained public finances. Even when sector-level outcomes are positive\, industrial policy can generate negative cross-sector spillovers and reduce overall productivity by drawing resources inefficiently away from sectors that are not targeted. Effective industrial policy requires careful targeting and implementation\, strong institutions\, complementary structural reforms\, and sound macroeconomic policy. \n\n\n\nSpeaker Biography: Sebastian Wende is an economist in the Economic Modeling team of the IMF’s Research Department. His work includes both developing and harnessing models\, including the IMF’s Global Macroeconomic Model for the Energy Transition (GMMET\, featured in the Oct 2025 WEO Chp3) and the Global Dynamic Network Model (used in the Oct 2024 WEO Chp2). He has both extensive public and private sector experience\, having worked at the Australian Treasury\, BHP\, and the Reserve Bank of Australia. Sebastian is motivated by enhancing welfare through public policy and fascinated by macro dynamics. He has a PHD from the Australian National University in computational macroeconomics\, focusing on tax efficiency in when financial frictions\, and heterogeneity of households and firms are accounted for. \n\n\n\n\n\n\n  Share
URL:https://growthlab.hks.harvard.edu/event/industrial-policy-managing-trade-offs-to-promote-growth-and-resilience/
LOCATION:HYBRID Perkins Rubenstein 429 / Zoom
CATEGORIES:Academic Research Seminars,Hybrid
ATTACH;FMTTYPE=image/jpeg:https://growthlab.hks.harvard.edu/wp-content/uploads/2025/10/1655455097964.jpg
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DTSTART;TZID=America/New_York:20251117T101500
DTEND;TZID=America/New_York:20251117T113000
DTSTAMP:20251113T193834Z
CREATED:20251111T141154Z
LAST-MODIFIED:20251113T193834Z
UID:17194-1763374500-1763379000@growthlab.hks.harvard.edu
SUMMARY:Investment in Infrastructure and Trade: The Case of Ports
DESCRIPTION:Academic Research Seminars Hybrid\n\n\nTheodore Papageorgiou will discuss new research that quantifies the costs of port disruptions and evaluates transportation infrastructure investment. \n\n\n\nSpeaker: Theodore Papageorgiou\, Felter Family Professor of Economics at Boston College \n\n\n\nPaper Abstract: (joint with Giulia Brancaccio and Myrto Kalouptsidi) \n\n\n\nTransportation infrastructure is vital for the smooth functioning of international trade. Ports are a crucial gateway to this system: with more than 80% of trade carried by ships\, they shape trade costs\, and it is critical that they operate efficiently. Yet ports are susceptible to disruptions\, causing costly delays. With enormous budgets spent on infrastructure to alleviate these costs\, a key policy question emerges: in a world with high volatility\, what are the returns to investing in infrastructure? To address this question\, we introduce an empirical framework that combines insights from queueing theory to capture port technology\, with tools from demand estimation. We use our framework\, together with a collection of novel datasets\, to quantify the costs of disruptions and evaluate transportation infrastructure investment. Our analysis unveils four policy-relevant messages: (i) investing in port infrastructure can lead to substantial trade and welfare gains\, but only if targeted properly– in fact\, net of costs\, the marginal return to investment is positive at a minority of US ports; (ii) there are sizable spillovers across ports\, as investing in one port can decongest a wider set of ports\, suggesting that decision-making should not be decentralized to local authorities; (iii) the economies of scale arising from queuing would lead a planner to concentrate investment in large\, geographically dispersed megaports; (iv) macroeconomic volatility can drastically change returns to investment. \n\n\n\nWhether attending in person or virtually\, please register in advance. Room attendance is permitted for the Harvard community. The Zoom session is open to the public. \n\n\n\nSpeaker Bio: Theodore Papageorgiou’s recent research examines transportation markets\, their impact on global trade\, and the policies that can improve their efficiency and resilience. His work also analyzes the sources of disruptions and the optimal level of infrastructure investment. In addition\, he has investigated how occupations shape labor market outcomes\, the role of cities and firms in facilitating occupational matching\, and the role of learning in shaping firm performance. His research integrates insights and tools from labor economics\, macroeconomics\, spatial/urban economics\, and applied microeconomics more broadly. Read more >> \n\n\n\nThe 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. \n\n\n\n\n\n\n  Share
URL:https://growthlab.hks.harvard.edu/event/investment-in-infrastructure-and-trade-the-case-of-ports/
LOCATION:Wexner G02
CATEGORIES:Academic Research Seminars,Hybrid
ATTACH;FMTTYPE=image/webp:https://growthlab.hks.harvard.edu/wp-content/uploads/2025/11/Theodore-Papageorgiou-e1649542481465.webp
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DTSTART;TZID=America/New_York:20251118T101500
DTEND;TZID=America/New_York:20251118T113000
DTSTAMP:20251113T194659Z
CREATED:20251111T141551Z
LAST-MODIFIED:20251113T194659Z
UID:17196-1763460900-1763465400@growthlab.hks.harvard.edu
SUMMARY:In Search of a D-ESG Framework for Emerging Markets: What about Environment?
DESCRIPTION:Academic Research Seminars Hybrid\n\n\nLourdes Casanova will discuss the expanded ESG framework\, highlighting how sustainable growth in emerging economies requires aligning development\, environmental\, social\, and governance goals within corporate and policy strategies. \n\n\n\nSpeaker: Lourdes Casanova\, Senior Lecturer of Management at the S.C. Johnson Graduate School of Business\, Cornell University \n\n\n\nPaper Abstract: “The Imperative of Growth: A D-ESG Framework” proposes an expanded ESG perspective integrating Development as a central dimension. The framework highlights how sustainable growth in emerging economies requires aligning development\, environmental\, social\, and governance goals within corporate and policy strategies. The discussion connects to our shared work on industrial policy\, sustainability\, and inclusive growth. \n\n\n\nWhether attending in person or virtually\, please register in advance. Room attendance is permitted for the Harvard community. The Zoom session is open to the public. \n\n\n\nSpeaker Bio: Lourdes Casanova is the co-author (with Anne Miroux) of the Emerging Market Multinationals Report (2016–2024)\, co-editor of From Copycats to Leaders: Innovation from Emerging Markets (Cambridge University Press)\, and co-author of The Era of Chinese Multinationals and Entrepreneurship and the Finance of Innovation in Emerging Markets (Elsevier). She is also the author of Global Latinas: Latin America’s Emerging Multinationals (Palgrave Macmillan\, 2009). In addition\, she serves on the Global Future Council on the Future of Economic Growth at the World Economic Forum and is a Trustee of Canning House. Read More >> \n\n\n\nThe 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. \n\n\n\n \n\n\n\n\n\n\n  Share
URL:https://growthlab.hks.harvard.edu/event/in-search-of-a-d-esg-framework-for-emerging-markets-what-about-environment/
LOCATION:Perkins Room (R429) – Rubenstein 4th Floor
CATEGORIES:Academic Research Seminars,Hybrid
ATTACH;FMTTYPE=image/jpeg:https://growthlab.hks.harvard.edu/wp-content/uploads/2025/11/lourdes_casanova_lc683.jpg
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