【Macro/Trade Seminar】A General Equilibrium Investigation of the American Dust Bowl
2026/03/17
研討會日期 : 2026-03-17
時間 : 14:30
主講人 : Professor Dongkyu Yang
地點 : Conference Room B110
主持人 : Professor Terry Cheung
演講者簡介 : Professor Dongkyu Yang received his Ph.D. from the University of Colorado Boulder in 2025. He is currently an Assistant Professor at KDI School of Public Policy and Management. His research interests are Development, Economic History, International Trade, Economics of Migration, and Environmental Economics.
演講摘要 : Economic adjustments through trade and migration can mitigate environmental shocks but may also propagate them to other parts of the economy. Using a dynamic spatial general equilibrium model, I quantify the transmission of environmental shocks by capitalizing on the 1930s American Dust Bowl. The local shock in agriculture more than proportionally transmitted to the nontradable sector, while the tradable sector mitigated the shock. Such a disparity hindered structural change. Moreover, the Dust Bowl region exported price increases in subsistence goods, leading to a sizeable welfare loss in the non-Dust Bowl region despite the rises in real income from competition effects.
