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UID:event-10529@www.amse-aixmarseille.fr
DTSTAMP:20260422T214922Z
CREATED:20260422T214922Z
LAST-MODIFIED:20260422T214922Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Practice job talks - Tom Raster
DTSTART:20231114T133000Z
DTEND:20231114T144500Z
DESCRIPTION:Why does trade continue to lag so far behind predictions? An in
 fluential (but untested) theory attributes this underperformance to an insu
 fficient number of ‘pioneer’ firms that create new trade links. This pa
 per provides the first causal evidence of the effect of individual pioneers
  on aggregate trade and growth. I draw on 1.4 million sea captain voyages b
 etween Baltic Sea ports and the rest of the world from 1500 to the 1850s. F
 or identification\, I use the temporary obstruction of ports by sea ice\, w
 hich forces captains to pioneer new ports. I find that the pioneering of an
  individual captain spills over to the total trade of a town\, increasing i
 t by 6 to 8%. These effects are even greater when sea ice forces captains t
 o experiment with new ports\, indicating that habits curb trade. I discuss 
 mechanisms and highlight institutional factors and pioneer characteristics 
 as determinants of pioneering success. Together\, these findings demonstrat
 e the effects of individuals (and their behavioral biases) on aggregate tra
 de and growth. For policy\, this suggests that even small inventions that p
 romote pioneering can have large effects.\\n\\nContact: Timothée Demont: t
 imothee.demont[at]univ-amu.fr\n\nPlus d'informations: https://www.amse-aixm
 arseille.fr/en/events/tom-raster-0
LOCATION:Îlot Bernard du Bois - Salle 21\, AMU - AMSE\, 5-9 boulevard Maur
 ice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/tom-raster-0
CONTACT:Timothée Demont: timothee.demont[at]univ-amu.fr
TRANSP:OPAQUE
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