BUDYMAC visiting : Hylke VANDENBUSSCHE (KU Leuven)

Publié le 6 juin 2023 Mis à jour le 6 juin 2023

le 8 juin 2023

10H30- 12h00 Salle KLEE

On Thursday, June 8 morning, Hylke Vandenbussche, from KU Leuven, will be visiting GREDEG to work with some of us at BUDYMAC.

She will give an informal seminar in Room KLEE from 10:30 am tp 12:00pm on the topic "Global Value Chains, Trade shocks and Jobs: an Application to Brexit"
based on a paper she recently published in the World Economy and that you will find attached. (abstract below)
This could be a good opportunity that some of us gather for a seminar after the now ritual CREAPODE open breakfeast that takes place in GREDEG's hall every Thursday Morning from 9 to 11 am.
If you are interrested to attend, could you please let Flora Bellone know in advance ?
(She can also set up a zoom conference if this can be of interest for some of you).
Let her know in any case!

Global Value Chains, Trade shocks and Jobs: an Application to Brexit

We develop a network trade model with country-sector level input– output linkages with the objective of evaluating the impact of trade shocks. This framework is
particularly useful to decompose the direct and the indirect trade effects of both a bilateral and a third country trade shock, evaluated at the country-sector level. Using
the sectoral World Input–Output Database (WIOD) combined with sectoral employment data, we evaluate the impact in terms of value added and employment of different scenarios of Brexit for 56 industries in the 27 Member States of the European Union, as well as the United Kingdom. In this respect, we consider both the results under the current EU–UK Trade agreement, as well as a counterfactual scenario in which WTO tariffs would apply. In contrast to other studies, we find EU-27 value added and job losses to be substantially higher than hitherto believed as a result of the closely integrated EU network structure. Our approach finds that upstream sectors are particularly vulnerable to indirect trade shocks effects due to their network centrality.

More about Hylke Vandenbussche
Le 8 juin 2023 10:30 - 12:00