My International Trade reading list for Fall 2015
This is quite long, so it goes under the fold…class starts tomorrow night!
Books: Jacob Viner, Studies in the Theory of International Trade (on-line, optional).
All videos can be found on MRUniversity.com, if not in the international trade section than in the development economics class or a few on Mexico in the Mexico class. In general I recommend viewing the videos before tackling the readings.
I. Comparative advantage and free trade
Bernhofen, Daniel and John C. Brown. 2005. “An Empirical Assessment of the Comparative Advantage Gains from Trade: Evidence from Japan.” American Economic Review.
Autor, David H. David Dorn and Gordon H. Hanson. Untangling Trade and Technology: Evidence from Local Labour Markets. The Economic journal, 2015, 125 (584), p. 621 – 646.
Acemoglu, Daron, David Autor, David Dorn, and Gordon H. Hanson. 2014. “Import Competition and the Great US Employment Sag of the 2000s.” NBER Working Paper.
Feenstra, Robert C. 2008. “Offshoring in the Global Economy.” Ohlin Lecture Series, Lecture 1 only, through p.66 only.
Grossman, Gene M. and Esteban Rossi-Hansberg. 2006. “The Rise of Offshoring: It’s Not Wine for Cloth Anymore.” Federal Reserve Bank of Kansas City.
Donaldson, David. 2011. “Trade and Labor Markets.” powerpoint.
Khandelwal, Amit. 2009. “The Long and Short (of) Quality Ladders.” Review of Economic Studies.
Baldwin, Richard. 2011. “How Trade and Industrial Organization After Globalization’s 2nd Unblundling: How Building and Joining a Supply Chain are Different and Why it Matters.” NBER Working Paper. Also this is a chapter in the NBER book Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century (2014), Robert C. Feenstra and Alan M. Taylor, editors, pp. 165–212.
Goldberg, Pinelopi Koujianou and Nina Pavcnik. 2007. “Distributional Effects of Globalization in Developing Countries.” Journal of Economic Literature.
Tyler Cowen, “Why the theory of comparative advantage is overrated,” Marginal Revolution blog post, https://marginalrevolution.com/marginalrevolution/2013/09/why-the-theory-of-comparative-advantage-is-overrated.html
Videos: The two videos on Comparative Advantage, Sources of Comparative Advantage, Development and Trade, empirical evidence, Evidence on Comparative Advantage from Japan, Factor price equalization, Specific Factors Models, Economics of Offshoring, The Rybczynski Theorem, Trade, Investment, and Migration as Substitutes, Unbundling the Supply Chain.
II.Tariffs
Paul Krugman. “The One-Minute Trade Policy Theorist.” (powerpoint)
The Economic Benefits of U.S. trade, Office of the President of the United States, May 2015.
Broda, Christian, Nuno Limao, and David Weinstein. 2008. “Optimal Tariffs and Market Power: The Evidence.” American Economic Review.
Arkolakis, Costas, Arnaud Costinot and Andres Rodriguez-Clare. 2012. “New Trade Models, Same Old Gains?” American Economic Review.
Melitz, Marc J. “The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity,” Econometrica 2003.
Kehoe, Timothy J. and Kim J. Ruhl. 2006. “How Important Is the New Goods Margin in International Trade?” NBER Working Paper, and now just published, Journal of Political Economy 2013.
Bernhofen, Daniel M., Zouheir El-Sahli, and Richard Kneller. 2012. “Estimating the Effects of the Container Revolution on World Trade.” University of Nottingham Discussion Paper Series.
Nunn, Nathan and Daniel Trefler. 2010. “The Structure of Tariffs and Long-Term Growth.” American Economic Review.
Dave Donaldson, “Trade and Growth (Empirics)”, MIT Lectures notes.
Videos: Tariffs v. Quotas, International Trade Disciplines Monopolies, Monopolistic Competition and International Trade, Effective rate of protection, Theory of Optimal Tariffs, Trade and Variety, Does “fair trade” help?, Malawi restrict trade in corn, Market reforms in Bangladesh, John Stuart Mill Terms of trade, The Shipping Container.
III. Heckscher-Ohlin and factor abundance theories of trade
Helpman, Elhanan. 1999. “The Structure of Foreign Trade.” Journal of Economic Perspectives.
Debaere, Peter. 2003. “Factor Abundance and Trade.” Journal of Political Economy.
Deardorff, Alan V. 1979. “Weak Links in the Chain of Comparative Advantage.” Journal of International Economics.
Trefler, Daniel. 1993. “International Factor Price Differences: Leontief Was Right!” Journal of Political Economy.
Davis, Donald R. and David E. Weinstein. 2001. “What Role for International Trade.” NBER Working Paper.
Davis, Donald R. 1995. “Intra-Industry Trade: A Heckscher-Ohlin-Ricardo Approach.” Journal of International Economics.
Trefler, Daniel. 1995. “The Case of the Missing Trade and Other Mysteries.” American Economic Review.
Costino, Arnaud and Jonathan Vogel. “Beyond Ricardo: Assignment Models in International Trade,” NBER Working Paper, October 2014.
Videos: What is at Stake in Trade Theories?, The Heckscher-Ohlin Theorem, Evidence on the Heckscher-Ohlin Theorem.
IV. Increasing Returns
Donaldson, David. “Increasing Returns to Scale and Monopolistic Trade.” Powerpoint, on-line, http://economics.mit.edu/files/7444
Helpman, Elhanan. 1987. “Imperfect Competition and International Trade: Evidence from Fourteen Industrial Countries.” Journal of the Japanese and International Economics.
Davis, Donald R. and David E. Weinstein. 2003. “Market Access, Economic Geography, and Comparative Advantage: An Empirical Test.” Journal of International Economics.
Antweiler, Werner ; Trefler, Daniel. Increasing Returns and All That: A View from Trade, American Economic Review, 1 March 2002, Vol.92(1), pp.93-119.
Debaere, Peter. 2005. “Monopolistic Competition and Trade, Revisited: Testing the Model Without Testing for Gravity.” Journal of International Economics.
Yi, Kei-Mu. 2003. “Can Vertical Specialization Explain the Growth of World Trade?” Journal of Political Economy.
Harrigan, James. 2001. “Specialization and the Volume of Trade: Do the Data Obey the Laws?” NBER Working Paper.
Bernard, Andrew B. ; Jensen, J. Bradford ; Redding, Stephen J. ;Schott, Peter K. “Firms in International Trade,” Journal of Economic Perspectives, 1 July 2007, Vol.21(3), pp.105-130.
Helpman, Elhanan. Foreign Trade and Investment: Firm‐level Perspectives,” Economica, 2014, Vol.81(321), pp.1-14.
Tybout, James R. 2001. “Plant- and Firm-Level Evidence on “New” Trade Theories.” NBER Working Paper.
Bernard, Andrew B. and J. Bradford Jensen. 2004. “Why Some Firms Export.” Review of Economics and Statistics.
Baldwin, Richard ; Harrigan, James. Zeros, Quality, and Space: Trade Theory and Trade Evidence,” American Economic Journal: Microeconomics, 1 May 2011, Vol.3(2), pp.60-88.
Armenter, Roc and Koren, Miklos. “A Balls-and-Bins Model of Trade.” American Economic Review, 2014, https://www.aeaweb.org/articles.php?doi=10.1257/aer.104.7.2127.
Videos: Trade and External Economies of Scale, Monopolistic Competition and International Trade, Trade and Increasing Returns: Evidence, Paul Romer, Robert Torrens on strategic trade policy, The Economics of Bollywood.
V. Is there a trade and industrialization slowdown?
Hausmann, Ricardo, Jason Hwang, and Dani Rodrik. “What You Export Matters.” Journal of Economic Growth, 12, 1, March 2007, 1-25.
Rodrik, Dani. “The Future of Economic Convergence.” Harvard Kennedy School, August 2011, RWP11-033.
Rodrik, Dani. “Unconditional Convergence in Manufacturing.” Quarterly Journal of Economics, 2012.
Rodrik, Dani. “The Perils of Premature Deindustrialization.” Project Syndicate, 11 October 2013.
Rodrik, Dani. “Are Services the New Manufactures?” Project Syndicate, October 13, 2014.
Davies, Gavyn. “Why world trade growth has lost its mojo.” The Financial Times, January 9, 2015.
VI. Gravity models
Anderson, James and Eric van Wincoop. 2004. “Trade Costs” Journal of Economic Literature.
Head, Keith. 2011. “Gravity for Beginners.” Presented at US-Canada Border Conference.
Donaldson, David. 2011. “Gravity Models.” No Journal—powerpoint.
Hummels, David. 2007. “Transportation Costs and International Trade in the Second Era of Globalization.” Journal of Economic Perspectives.
Anderson, James and Eric van Wincoop. 2003. “Gravity with Gravitas: A Solution to the Border Puzzle.” American Economic Review.
Eaton, Jonathan and Samuel Kortum. 2002. “Technology, Geography, and Trade.” Econometrica.
Chaney, Thomas. “The Network Structure of International Trade,” American Economic Review 2014.
Video: The Gravity Equation and the Costs of Trade.
VII. Trade in economic history
Harrison, Ann and Andres Rodriguez-Clare. 2010. “Trade, Foreign Investment, and Industrial Policy for Developing Countries.” Handbook of Development Economics, Volume 5, Ch 63, also the same is Ann Harrison and Andres Rodriguez-Clare. 2009. “Trade, Foreign Investment, and Industrial Policy for Developing Countries.” NBER Working Paper.
Irwin, Douglas. 2002. “Interpreting the Tariff-Growth Correlation of the Late Nineteenth Century.” American Economic Review.
Irwin, Douglas. 2002. “Did Import Substitution Promote Growth in the Late Nineteenth Century?” NBER Working Paper.
John Nye, “The Myth of Free Trade Britain and Fortress France,” Journal of Economic History, 1991.
Irwin, Douglas. 1997. “From Smoot-Hawley to Reciprocal Agreements: Changing the Course of U.S. Trade Policy in the 1930s.” NBER Working Paper.
Irwin, Douglas. 1998. “The Smoot-Hawley Tariff: A Quantitative Assessment.” The Review of Economic Statistics.
Crowley, Meredith A. and Xi Luo. 2011. “Understanding the Great Trade Collapse of 2008-09 and the Subsequent Trade Recovery.” Journal of Economic Perspectives.
Francois, Joseph and Julia Woerz. 2009. “The Big Drop: Trade and the Great Recession.” No Journal, article online.
Videos: Corn Law debates, Friedrich List, Robert Torrens on sliding tariffs, The Deindustrialization of India, Tariffs and Growth in the late 19thCentury, South Korea and Industrial Policy, The Smoot-Hawley Tariff, Why Did Trade Plummet in the Great Recession?
VIII. FDI and multinationals
Blonigen, Bruce. A Review of the Empirical Literature on FDI Determinants, Atlantic Economic Journal, 2005, 33, 4, pp.383-403
Ramondo, Natalia and Andres Rodriguez-Clare. 2013. “Trade, Multinational Production, and the Gains from Openness.” Journal of Political Economy, 2013, vol. 121, no. 2.
Antras, Pol and Stephen R. Yeaple. 2013. “Multinational Firms and the Structure of International Trade.” NBER Working Paper, it is also Pol Antras and Stephen Yeaple, “Multinational Firms and the Structure of International Trade,” 2013, Handbook of International Economics,Volume 4, http://dx.doi.org/10.1016/B978-0-444-54314-1.00002-1
Cole, Harold L., Jeremy Greenwood, and Juan M. Sanchez. “Why Doesn’t Technology Flow From Rich to Poor Countries?” National Bureau of Economic Research Working Paper, 20856, January 2015.
Videos: Basics of multinational corporations, Intra-firm Trade, Intra-industry Trade, Gains from Multinationals, Who Gains from FDI?, Productivity in firms, Foreign investment in India, Competition from foreign retailers, What is a Maquiladora? Introduction to NAFTA, NAFTA and Mexican Agriculture, The Effect of NAFTA on the Mexican Economy.
IX. The politics of trade
Grossman, Gene M. and Elhanan Helpman. 1994. “Protection for Sale.” American Economic Review.
Goldberg, Pinelopi Koujianou and Giovanni Maggi. 1999. “Protection for Sale: An Empirical Investigation.” American Economic Review.
Mayda, Anna Maria and Dani Rodrik. 2005. “What are Some People (and Countries) More Protectionist than Others?” European Economic Review.
Grossman, Gene M. and Elhanan Helpman. 1995. “The Politics of Free-Trade Agreements.” American Economic Review.
Harrison, Ann and Jason Scorse. 2010. “Multinational and Anti-Sweatshop Activism.” American Economic Review.
Videos: The Political Economy of Tariffs, Does Trade Help the Environment?, Regulation as a Major Trade Barrier, Who Supports Free Trade?, The Cultural Diversity Critique of Markets.
Extra readings and videos will be added, as global events indicate.