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DTSTART;TZID=America/New_York:20260922T093000
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UID:19026-1790069400-1790073900@growthlab.hks.harvard.edu
SUMMARY:Tradability and Goods' Prices: A Tale of Two Regions
DESCRIPTION:Academic Research Seminars Hybrid\n\n\nIn this Academic Research seminar\, Joseba Martinez\, Assistant Professor of Economics at London Business School and a CEPR Research Affiliate\, will discuss his paper “Tradability and Goods’ Prices: A Tale of Two Regions.” \n\n\n\nPaper Abstract \n\n\n\nWe provide new evidence on manufacturing price inflation and the allocation of productivity gains by comparing US and EU industries from 1992 to 2017. Two patterns emerge. In tradable industries\, where global competition is strong\, prices have moved in lockstep across the Atlantic. In non-tradable industries\, relatively sheltered from foreign competition\, value-added deflators in the US have risen about four times faster than in Europe despite similar wages and industry compositions. The inflation differential is unrelated to compositional shifts\, and evident in narrowly defined product categories where unobserved quality differences are unlikely to matter. A decomposition attributes one-third of the differential to rising market power and two-thirds to slower productivity growth in US non-tradable manufacturing industries\, a pattern absent in tradable ones. Using variation in import penetration\, we find that greater trade exposure lowers prices and profit shares\, while competition policy remains crucial in non-tradable industries. \n\n\n\nSpeaker Bio \n\n\n\nJoseba Martinez is an Assistant Professor of Economics at London Business School and a CEPR Research Affiliate. His research studies how technology shapes productivity\, growth\, and the response of the economy to policy\, and how information asymmetry in financial markets affects investment and growth. Recent work examines the cost of the green energy transition when fossil-fuel-dependent capital cannot be easily repurposed\, the financial-market valuation of firms exposed to that transition\, the role of government-funded innovation in sustaining postwar U.S. growth\, the macroeconomic effects of fiscal policy\, and the labour-market consequences of automation and AI. He has also developed natural-language methods on patent data to measure technical change and link it to aggregate productivity. His published research\, in Review of Economic Studies\, Journal of International Economics\, AEJ: Macroeconomics\, examines the design of bank stress tests\, capital-market integration in monetary unions\, and the role of technology diffusion and R&D in shaping business cycle dynamics. He teaches Macroeconomics to MBA and EMBA students and PhD Macroeconomics to doctoral candidates at London Business School. Beyond his academic role\, he has consulted for a New York-based investment fund and served as a visiting scholar at the International Monetary Fund. Dr Martinez brings substantial professional experience to his academic work. Before beginning his PhD\, he worked as a trader at ABN AMRO London and held the position of senior manager at the European Bank for Reconstruction and Development\, where he developed expertise in financial markets that informs his current research and teaching. \n\n\n\nThe speaker will be virtual\, but you may join us in-person for a viewing in the Perkins Room (R-429). Whether attending in person or virtually\, please register in advance. \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/tradability-and-goods-prices-a-tale-of-two-regions/
LOCATION:Zoom
CATEGORIES:Academic Research Seminars,Online
ATTACH;FMTTYPE=image/webp:https://growthlab.hks.harvard.edu/wp-content/uploads/2026/09/images.webp
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DTSTART;TZID=America/New_York:20260929T093000
DTEND;TZID=America/New_York:20260929T104500
DTSTAMP:20260914T210513Z
CREATED:20260914T210044Z
LAST-MODIFIED:20260914T210513Z
UID:19021-1790674200-1790678700@growthlab.hks.harvard.edu
SUMMARY:The Indian Innovation Puzzle
DESCRIPTION:Academic Research Seminars Hybrid\n\n\n \n\n\n\n \n\n\n\n\n\n\n  Share\n	\n  \n  \n    \n  \n  \n  \n  \n    \n  \n  \n  \n    \n  \n  \n  \n  \n    \n  \n  \n  \n  \n    \n  \n\n\n\n\n\n\n\n\n\n\n\n  \n\n  \n  \n\n\n\n\n\n\n\n\n\n\n\nIn this Academic Research Seminar\, Josh Lerner will present his paper\, co-authored by Namrata Kala and Junxi Liu “The Indian Innovation Puzzle.” \n\n\n\nSpeaker: Josh Lerner\, Jacob H. Schiff Professor at Harvard Business School and Co-Director of the HBS Private Capital Project.  \n\n\n\nCo-Authors: Namrata Kala (MIT Sloan School of Management) and Junxi Liu (University of Warwick) \n\n\n\nPaper Abstract: Despite recent increases in some measures of innovation\, India continues to have very modest levels of domestic patenting\, contradicting standard views of the importance of property rights in economic development. Using a novel\, newly constructed dataset of Indian patent grants\, we explore why Indian patenting has been so low. We examine whether an absence of non-patented innovation\, differences in industry composition and public attitudes\, and a lack of public market reactions to patent awards can explain these differences\, and find only modest support for these explanations. We then show evidence of an institutional quality mechanism\, i.e.\, long delays in patent examination. We estimate the causal effects of reduced delays using a natural experiment. Specifically\, we show that a 2016 reform by IP India (the patent office) increased examination speeds for technology-office pairs that gained access to more same-field examiner capacity. In response\, the mixture of applicants shifted away from applicants with very low success rates and towards high-quality filers. This improved institutional capacity also enhanced other innovation outcomes\, boosting the financing of venture capital-backed firms. But the magnitude of these effects was modest\, closing just over one-tenth the patenting gap between India and other leading nations. This modest effect may reflect the implementation of the reform (a back-of-the-envelope calculation suggests that high-quality patenting could have been increased by an additional 9 to 31 percent)\, as well as the uncertainty surrounding patent litigation. These results underscore the importance of institutional quality in facilitating innovation. \n\n\n\nSpeaker Bio: Josh Lerner is the Jacob H. Schiff Professor at Harvard Business School and Co-Director of the HBS Private Capital Project. Much of his research focuses on venture capital and private equity organizations and innovation policy. He has been recently recognized as among the forty most influential economists worldwide by ScholarGPS and research.com. \n\n\n\nHe has co-directed the National Bureau of Economic Research’s Productivity\, Innovation\, and Entrepreneurship Program since 2010 and serves as co-editor of their publication\, Entrepreneurship and Innovation Policy and the Economy. He founded and runs the Private Capital Research Institute\, a nonprofit devoted to encouraging access to data and research and has been a frequent leader of and participant in the World Economic Forum projects and events. \n\n\n\nWhether attending in person or virtually\, please register in advance. \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
URL:https://growthlab.hks.harvard.edu/event/19021/
LOCATION:Perkins Room – R-429 Rubenstein 4th floor
CATEGORIES:Academic Research Seminars,Hybrid
ATTACH;FMTTYPE=image/jpeg:https://growthlab.hks.harvard.edu/wp-content/uploads/2026/09/josh_lerner_360.jpg
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DTSTART;TZID=America/New_York:20260929T160000
DTEND;TZID=America/New_York:20260929T170000
DTSTAMP:20260930T184342Z
CREATED:20260925T173113Z
LAST-MODIFIED:20260930T184342Z
UID:19116-1790697600-1790701200@growthlab.hks.harvard.edu
SUMMARY:Why Europe’s AI Talent Strategy Needs a Local Layer
DESCRIPTION:Academic Research Seminars Hybrid\n\n\n\n\n\n\nIn this Academic Research Seminar\, Casey Weston will present his paper “The Talent Will Not Be Centralized: Why Europe’s AI Talent Strategy Needs a Local Layer.” \n\n\n\nSpeaker: Casey Weston\, Senior Manager\, Public Policy and Economic Graph at LinkedIn \n\n\n\nPaper Abstract: Europe’s AI competitiveness debate is conducted largely at the national and EU level\, yet the AI engineering talent it depends upon develops and moves locally. Using LinkedIn data on AI Engineering Talent concentration\, growth\, and migration across 202 European market areas\, this note assesses where and how local AI talent ecosystems form across the EU\, and the extent to which that clustering may align with national AI talent strategies. At the local level\, we observe three methods through which cities accumulate AI talent: cultivating it through research infrastructure (e.g. Braga)\, attracting it through favorable national migration policy and dense employment opportunities (e.g. Munich\, Barcelona)\, and/or retaining it against wage and tax competition from higher-cost neighbors (e.g. Brno\, Wrocław). We find that the resulting AI ecosystems may or may not align with national strategic intentions: Poland’s domestic capacity-building strategy successfully generated broad-based local momentum\, but France’s research strength has not translated into comparable local growth\, and Czechia’s struggles to convert local demand into compounding hubs for its robust talent pipeline. We conclude that while EU and national AI infrastructure investments may be necessary for AI sovereignty\, they are insufficient to realize the desired economic returns from the AI transition; converting these investments into durable economic benefit requires deliberately paired localized talent strategies. \n\n\n\nWhether attending in person or virtually\, please register in advance. \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/why-europes-ai-talent-strategy-needs-a-local-layer/
LOCATION:HYBRID WEXNER W-102\, HKS / Zoom
CATEGORIES:Academic Research Seminars,Hybrid
ATTACH;FMTTYPE=image/jpeg:https://growthlab.hks.harvard.edu/wp-content/uploads/2026/09/Casey-Weston-LinkedIn-EnergyNow-SDG7-24Sep2025-1.jpg
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