Gianmarco Ottaviano

Gianmarco Ottaviano Biography

Gianmarco Ottaviano is a famous Economist, who was born on September 29, 1967 in Italy.

Reviewing the literature on economic geography, Ottaviano and Diego Puga reconcile the conclusions of Spence (1976) and Dixit and Stiglitz (1977): stronger competition in local product and factor markets causes spatial dispersion, though firms tend to locate close to large markets in order to take advantage of increasing returns to scale and keep trade costs low, which in turn creates pecuniary externalities fostering economic agglomeration. By affecting trade costs, economic integration then shapes the spatial location of economic activities and explains a range of patterns such as offshoring, local immigration and infra-regional development. In that context, Ottaviano and Rikard Forslid developed an extension of Krugman’s classical core-periphery model through the introduction of heterogeneity in workers’ skills and mobility. Moreover, Ottaviano, Takatoshi Tabuchi and Jacques-François Thisse have shown that the insights from new economic geography models à la Dixit and Stiglitz (1976) do not depend on the choice of modelling framework by developing a distinct modelling framework that yielded the same results. Ottaviano and Thisse’s perspective on the relationship between agglomeration and economic geography is elaborated in a chapter of the Handbook of Regional and Urban Economics.

Gianmarco Ottaviano Net Worth & Salary

Gianmarco Ottaviano is one of the richest Economist. Gianmarco Ottaviano is also listed in famous people born on September 29 & Richest celebrities born in Italy. According to our analysis based on Forbes, IMDb, Wikipedia & online resource, Gianmarco Ottaviano net worth is approximately $1.5 Million.

Family & Relatives

Gianmarco Ottaviano's father name not available & mother's name unknown right now. We will update Gianmarco Ottaviano parents, brother/sister & other relatives information here.

Gianmarco Ireo Paolo Ottaviano (born in Milan on September 29, 1967) is an Italian economist and Professor of Economics at Bocconi University.

In joint work with Giovanni Peri, Ottaviano investigated the relationship between linguistic diversity across U.S. cities and local productivity over 1970-90; together, they find that wages and employment density of U.S.-born workers were systematically higher, all else equal, in cities with higher linguistic diversity, especially for highly educated and for white workers, and that the relationship was strengthened the better non-native speakers were assimilated in terms of language skills and duration of residence. Further research by Ottaviano and Peri on the value of cultural diversity – as proxied by the diversity of countries of birth of U.S. residents – suggested that US-born citizens living in metropolitan areas with increasing shares of foreign-born residents experienced significant growth in wages and housing values. Their thinking about the effects of immigration on natives’ wages turns around the notion that natives and foreigners are inherently imperfectly substitutable even within the same skill group. Using this framework, they showed that immigration to the U.S. in 1990-2006 had small negative short-run effects on native high school dropouts (-0.7%) and average wages (-0.4%), while raising the wages of native high school dropouts and average native wages in the long run by 0.3% and 0.6%, respectively, but depressing the long-run wages of previous immigrants by 6.7%. Another study by Ottaviano with Peri and Greg Wright observed that manufacturing industries with a larger increase in exposure to globalization (through offshoring or immigration) saw improvements in terms of native employment growth relative to less exposed industries. They explain this finding through a model wherein natives, immigrants and offshore workers differ systematically in their ability to apply complex skills and wherein jobs vary in the degree to which their performance requires complex skills. In this framework, the productivity effect related to more efficient task assignment – producers hiring natives, immigrants and offshore workers for different tasks according to their respective comparative advantage – may offset the displacement effect of immigration and offshoring on natives’ employment. Finally, with regard to the labour market effects of immigration to Western Germany during the 1990s, Ottaviano – together with Peri and Francesco d’Amuri – found that immigration had a sizeable adverse effect on previous immigrants’ employment and a small adverse effect on their wages, while having very little adverse effects on native wages and employments; the authors explain this divergence through the higher substitutability between different groups of immigrants relative to that between immigrants and natives.

Gianmarco Ottaviano Height

Gianmarco Ottaviano's height Not available & Weight Unknown right now. Gianmarco Ottaviano's shoe size 4 (US) & dress size 8 (US). Gianmarco Ottaviano full body measurements is not available right now. eye color is black & hair color is brown. Gianmarco Ottaviano's eye color is black & hair color is brown.

Lesser Known Facts

1. Gianmarco Ottaviano was born on September 29, 1967 in Italy.
2. celebrates birthday on September 29.
3. become famous for being Economist.
4. Gianmarco Ottaviano shoe size 4 (US) & dress size 8 (US).