INTERNATIONAL TRADE - Firms, policies and distributional outcomes
June 26 to June 30, 2023
This program addresses recent debates at the frontier of the field : globalization, the distributive effects of trade, the role of large firms in the global economy, advances in methods to analyze firm level export data and finally the revival of trade policies.
The courses revolve around the following questions. What are the quantitative models to be used in international trade to gauge welfare and other responses to counterfactual shocks ? What are the consequences of globalization on income distribution ? Why are firms that export not only the most productive but also sell products at higher prices (unit values) on the export market ? What are the recent developments in the political economy of trade policy ? How can quantitative trade models be used to evaluate the impact of an economic dis‐integration shocks such as Brexit ? How do tax and trade policies interact when multinational firms are engaged in profit shifting activities ? How can we quantify the effects of trade and other policies with the gravity model ?
Ambitions :
The program aims to offer a comprehensive review of very recent developments in both theory and empirics of international trade, focusing on global value chains and the role of large firms in the world economy, global leakages and the distributive effects of globalization.
Prerequisites :
Graduates in economics with strong theoretical and empirical skills.
Main concepts/theories/software… learned during the program :
This PSE summer school addresses recent debates at the frontier of the field : the role of large firms and global value chains in the world economy, advances in methods to analyze firm level export data, the distributive effects of trade, and finally the revival of trade policies.
- Global value chains (Pol Antràs, Harvard University, NBER and CEPR) – 8h
- Global leakages and global cooperation (Mathieu Parenti, ULB and CEPR) ‐ 8 h
- Impact of trade liberalization : Measurement issues (Sandra Poncet, PSE) – 3h
- Trade and Income Distribution (Ariell Reshef, PSE and CEPII) ‐ 6 h
Skills acquired thanks to the program :
Participants will learn about the very recent developments in both theory and empirics of international trade.
How will MA and PhD students benefit from this program :
The program will offer a comprehensive review of trade models and empirical methods.
How will professionals benefit from this program :
The program will present the recent developments in international trade policies, global value chains, and performances of exporting firms. Quantification of the effects of trade policies and their impact on inequalities will be provided. This will improve professionals’ ability to critically evaluate research in this field.
Two modes of participation are offered for the 2023 Edition :
- In person, taking into account the highest sanitary measures to protect the participants and professors. On site, our parisian campus offers teaching and logistics space : classrooms, teaching theater, garden, coffee and lunch breaks facilities...
- Online, proposing interactive lectures in real time and, beyond, online office hours with professors to facilitate interactions. PSE offers technologies and process that will ensure high quality communication for online participants, both with professors and with other participants.
- For all the participants, full sets of lecture notes and presentations will be made available, as well as the recordings of the courses.
- This program is equivalent to 3 ECTS credits, which PSE validates.