Let me inform you of the following research seminar.

Date: May 13, 2022
Time: 17:15-18:45
Venue: Seminar Room B, 11th floor, Bldg. No. 2, & Zoom
Speaker: Ryo Nakajima (Keio University)
Organizer: Takuya Hasebe
Language: Japanese

Title: Marshall meets Bartik: Revisiting the mysteries of the trade (with Yasusada Murata)
Abstract: This paper reexamines Marshall's "mysteries of the trade." He highlighted the importance of knowledge spillovers and described it as "the mysteries of the trade are as it were in the air." But are they really in the air? If so, how large are they, and how can they be facilitated? To answer the questions, we estimate the causal impact of superstar inventor migrations to a city on the number of inventions in the same city. We develop a new identification strategy based on inventors' propensities to migrate from higher-tax places to lower-tax places. Using the predicted probabilities of top inventors between the U.S. commuting zones as shares, we perform a Bartik-style (or shift-share-style) instrument variable estimation. The analysis reveals that in the United States, from 1977 to 2009, a superstar inventor who moved to a commuting zone increased the patent productivity of the local inventors by about 3-5 percent.

* Please contact the organizer via email, if you'd like to participate in the online seminar.
   If you are interested in upcoming seminars, please visit the website of SIHS Seminar Series.