Seminar Series “Macroeconomics and Labor Markets” on 7 May 2024
We are pleased to invite you to the seminar series on “Macroeconomics and Labor Markets“ organized by the Chair of Macroeconomics at the Friedrich-Alexander University Erlangen-Nuremberg, Prof. Merkl, the Chair of Global Governance and International Trade at the Friedrich-Alexander University Erlangen-Nuremberg, Prof. Moser, and the Competence Field Macroeconomics of the Institute for Employment Research (IAB). Researchers of both institutions, as well as national and international guests, present their current work at the intersection of labor- and macroeconomics.
The upcoming seminar is scheduled for Tuesday, May 7th, from 2:00 pm to 3:30 pm (German time) and will be conducted via Zoom.
Katherine Stapleton (World Bank) will talk about
“Firm networks and global technology diffusion” (joint work with Paulo Bastos, Daria Taglioni and Hannah Wei).
Abstract:
We study the role of multinational firms and global value chain linkages in the cross-country diffusion of emerging technologies. We combine detailed information on the near-universe of online job postings in 17 countries with data on multinational networks and firm-to-firm linkages over the period 2014-2022. We use the online job postings to study how jobs related to 29 emerging technologies spread through firm networks. The results reveal that emerging technology jobs are highly concentrated in multinational firms and their supply chains. Over 25 percent of all emerging technology job postings over this period are from Fortune 500 firms, their affiliates, buyers or suppliers alone. While the locations where these technologies emerge see a higher prevalence of technology job openings, geographical distance to these locations does not influence the speed of diffusion. Richer countries and regions, by contrast, see faster diffusion. Firm-to-firm linkages also play an important role in diffusion, but not all relationships matter. Firms that were ex ante buyers and innovation partners of establishments based in the locations where these technologies emerged, before they emerged, subsequently see the faster growth in jobs related to these technologies.