Fernando Stipanicic

Fernando Stipanicic

PhD Candidate in Economics

Toulouse School of Economics

I am a PhD Candidate in Economics at Toulouse School of Economics. I am in the Job Market 2021-2022 and I will be available for interviews in the EJME 2021 and ASSA 2022.

My research interests include Innovation, International Trade and Spatial Economics.

You can find my job market paper here.

Work in progress

▪ High speed trains and the geography of innovation: Evidence from France

Joint with Gabrielle Gambuli


We study the effect of high speed trains on the spatial distribution of innovation, research collaboration, firms’ organization and inventors’ mobility. We use French micro data of firms, matched employer-employee information and patent data. We construct a dataset of city-to-city travel time by train in France covering the period 1980-2020. We exploit the rollout of high speed trains to provide causal evidence. Preliminary results show that a decrease in travel time led to an increase in collaboration between inventors located in different departments.

▪ Railroads and innovation: Evidence from 19th century US

Joint with Stefan Pauly


We study the impact of the expansion of US railroads in the late 19th century on patenting activity. We combine historical data on patents and the railroad network. We find that once a county is better connected to other counties with high patenting activity, patenting in that county goes up, controlling for increased market access. This effect is stronger if innovation in connected counties is complementary, calculated as the technological proximity in an input-output matrix of patent citations. We derive a model based on the framework in Eaton and Kortum (2002) that rationalizes these findings.

▪ Innovation response to export demand: Multi-country evidence


This paper studies empirically the impact of foreign demand on domestic innovation. I use multi-country multi-product data on patents and international trade for the period 1995-2010. I construct a measure of foreign demand for each product and country, and relate it to changes in patenting within that country. The results are in line with the theoretical predictions of Aghion et al. (2017) where initially more productive exporters increase the innovation effort as response to an exogenous increase in demand.



Geneva Local GTDW, Paris GSIE Seminar, INSEAD/Collège de France, European Meeting UEA, UAB Lunch Webinar, Augustin Cournot Doctoral Days, CIREQ PhD, ITFA Annual Conference, African Meeting ES, Annual Conference AFSE, IAAE Annual Conference, CIEC ESPOL, Annual Conference ITEA, IMF, Bavarian Young Economist Meeting, SED Annual Meeting, Australasian Meeting ES, International Schumpeter Society, YES Princeton, European Economics Association, ifo Dresden Regional Economics, RIEF Paris, ENTER Jamboree Barcelona, LSE Graduate Economic History Seminar, Applied Young Economist Webinar. Scheduled: University of Oslo, European Winter Meeting of the Econometric Society


WTO Research Workshop, Montevideo Graduate Workshop


Macroeconomics (PhD)

Teaching Assistant for Professors Fabrice Collard and Christian Hellwig. Winter 2020

Macroeconomics (Graduate)

Teaching Assistant for Professors Tiziana Assenza and Nicolas Werquin. Fall 2020

Academic visits

World Trade Organization

Support Programme for Doctoral Studies. October 2020 - April 2021.

Sciences Po, Paris

Hosted by Prof. Thomas Chaney. Winter 2019.

Work Experience



International Monetary Fund

Jun 2021 – Aug 2021

Consultant for the Inter-American Development Bank

Central Bank of Uruguay

May 2014 – Apr 2016 Montevideo, Uruguay