Cornell University
Library
Cornell UniversityLibrary

eCommons

Help
Log In(current)
  1. Home
  2. Cornell University Graduate School
  3. Cornell Theses and Dissertations
  4. ESSAYS ON MACRO-DEVELOPMENT, INNOVATION AND PRODUCTION NETWORKS

ESSAYS ON MACRO-DEVELOPMENT, INNOVATION AND PRODUCTION NETWORKS

File(s)
Casal_cornellgrad_0058F_14918.pdf (5.94 MB)
Permanent Link(s)
https://doi.org/10.7298/h36j-2y85
https://hdl.handle.net/1813/117545
Collections
Cornell Theses and Dissertations
Author
Casal, Lucia
Abstract

In this essay, I study topics at the intersection of macro-development and production networks, focusing on the macroeconomic effects of lock-in and productive innovations, the role of investment linkages in long-run economic development, and the drivers of business cycle volatility differences between emerging and developed economies. In the first chapter, "Lock-In and Productive Innovations: Implications for Firm-to-Firm Innovation Pass-Through," I study the macroeconomic implications of innovations that make products harder to substitute, creating a lock-in effect on customers, and quantify their consequences for aggregate productivity and market power. In the second chapter, "On the Investment Network and Development," with Julieta Caunedo, we construct the first harmonized measures of the investment network for 58 countries at different stages of development. We study how cross-country differences in the usage and production of investment goods across sectors help explain income disparities. In the third chapter, "The Business Cycle Volatility Puzzle: Emerging vs. Developed Economies," with Rafael Guntin, we study the drivers of business cycle volatility differences between emerging and developed economies. We develop and quantify a multisector small open economy framework with heterogeneous firms and production linkages, in which firms are subject to sectoral and firm-level TFP shocks and international prices shocks.

Description
245 pages
Date Issued
2025-05
Keywords
Business Cycle
•
Innovation
•
Macro-Development
•
Macroeconomics
•
Production Networks
Committee Chair
Caunedo, Julieta
Committee Member
Kircher, Philipp
Taschereau-Dumouchel, Mathieu
Degree Discipline
Economics
Degree Name
Ph. D., Economics
Degree Level
Doctor of Philosophy
Type
dissertation or thesis
Link(s) to Catalog Record
https://newcatalog.library.cornell.edu/catalog/16938385

Site Statistics | Help

About eCommons | Policies | Terms of use | Contact Us

copyright © 2002-2026 Cornell University Library | Privacy | Web Accessibility Assistance