Federico Trionfetti

Article de revue

Economic Aspects of Settlement in the Oasis of Bukhara, Uzbekistan: An Archaeo-Economic Approach

Rocco Rante, Federico Trionfetti, Cambridge Archaeological Journal, Vol. 31, No. 4, pp. 581-596, 11/2021

Résumé This paper focuses on the new approach studying variations in city size and the impact that the Silk Road had on the structure of cities, demonstrated through the study of economic aspects of the Bukhara oasis. We use archaeological data, compare the ancient economy to modern ones, use modern economic theory and methods to understand ancient society, and use what we have learned about the ancient economy to understand modern economies better. In sum, we explore the past through the present and the latter through the former. Our main finding is the generation of models able to answer to the city-size distribution in different territories, comparing them between the past and the present. This study first revealed that, through Zipf's Law, we found similarities between modern post-Industrial Revolution and medieval economics. Secondly, we also found that in ancient times the structure of the city was linked with the local economic demand. We have demonstrated this through the study of cities along the Silk Road.

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Divers

Green Public Procurement v.s. Environmental Taxation: implications for the EU-MENA environmental policy

Vera Danilina, Federico Trionfetti, 03/2019

Résumé Environmental policies are among the priorities of the UN agenda and figure highly in national and international policy agendas. This brief focuses on environmental taxes and green public procurement (GPP). These two environmental policy instruments differ in political viability and in the impact they have on consumers and producers. The brief provides a comparative analysis of their efficiency in closed and open economy and reveals the opportunities and threats of (un)harmo-nised environmental policy across countries. The results allow to consider particular implications for the collaboration of EU-MENA countries.

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Article de revue

Firm heterogeneity, comparative advantage and the transfer problem

Federico Trionfetti, European Economic Review, Vol. 108, pp. 246 - 258, 09/2018

Résumé This paper studies the transfer problem in a model featuring comparative advantage, mo-nopolistic competition, trade costs, and firm heterogeneity in factor intensity. The results are very different from those of the previous literature. First, a transfer creates a secondary burden in situations where the neoclassical version of the Heckscher-Ohlin model would not. Second, a transfer affects wage inequality. Third, a transfer is not neutral to world welfare. Fourth, floating exchange rates do not substitute for deflation. Fifth, a simulation exercise shows that the quantitative effects of trade imbalances are comparable in magnitude to those arising from major trade agreements.

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Article de revue

Public Debt and Economic Geography

Federico Trionfetti, International Regional Science Review, Vol. 38, No. 1, pp. 92--113, 01/2015

Résumé This article studies the consequences of debt policies on the spatial distribution of output in a two-country model. It departs from the usual setup of local public finance by relaxing the assumption of balanced budget. Further, to single out the pure effect of debt, the article eliminates effects coming from tax and expenditure policies by assuming them exogenous and identical between countries except for the timing of taxation. Expected taxation rather than current tax levels motivates migration. Starting from an initial spatial configuration, be it Core-Periphery or symmetric equilibrium, the analysis identifies the critical thresholds of divergence or convergence of debt ratios which break the initial configuration. The article also shows that a high-debt country or a fast debt reducing country is a weaker player in the tax competition game. Finally, tax harmonization does not necessarily reduce migration flows.

Mots clés Taxation, New economic geography, Economic integration

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Article de revue

Firm-level comparative advantage

Matthieu Crozet, Federico Trionfetti, Journal of International Economics, Vol. 91, No. 2, pp. 321-328, 01/2013

Résumé We study the consequences of heterogeneity in factor intensity on firm performance. We present a standard Heckscher–Ohlin model augmented with factor intensity differences across firms within a country–industry pair. We show that for any two firms, each of whose capital intensity is, for instance, one percent above (below) its respective country–industry average, the relative marginal cost of the firm in the capital-intensive industry of the capital-abundant country is lower (higher) than that of the other firm. Our empirical analysis, conducted using data for a large panel of European firms, supports this prediction. These results provide a novel approach to the verification of the Heckscher–Ohlin theory and new evidence on its validity.

Mots clés Test of trade theories, Firm heterogeneity, Factor intensity

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Article de revue

Trade costs and the Home Market Effect

Matthieu Crozet, Federico Trionfetti, Journal of International Economics, Vol. 76, No. 2, pp. 309-321, 12/2008

Résumé Most of the theoretical and empirical studies on the Home Market Effect (HME) assume the existence of an \outside good" that absorbs all trade imbalances and equalizes wages. We study the consequences on the HME of removing this assumption. The HME is attenuated and, more interestingly, it becomes non-linear. The non-linearity implies that the HME is more important for very large and very small countries than for medium size countries. The empirical investigation conducted on a database comprising 25 indus- tries, 25 countries, and 7 years con¯rms the presence of the HME and of its non-linear shape.

Mots clés International trade, Test of trade theories, Economic Geography, Home Market Effect

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