Thierry Mayer
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Misfits in the Car Industry: Offshore Assembly Decisions at the Variety Level
NBER WORKING PAPER SERIES MISFITS IN THE CAR INDUSTRY: OFFSHORE ASSEMBLY DECISIONS AT THE VARIETY LEVEL Keith Head Thierry Mayer Working Paper 25614 http://www.nber.org/papers/w25614 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2019 An earlier version of this paper was prepared within the “Value Added in Motion (VAM)” project funded by the Enel Foundation. We thank an anonymous referee, participants at the 2018 TRIO Conference and seminars at LSE, Milan, National Bank of Belgium, Banque de France, and CEPII for their comments and wish to specifically acknowledge helpful suggestions from Robert Owen, Giorgio Barba Navaretti, Kerem Cosar, Peter Morrow, Peter Neary, and Gianmarco Ottaviano. This paper was written partly while Keith Head was a visitor at the Centre for Economic Performance at LSE. This research has received funding from the European Research Council (ERC) under the Grant Agreement No. 313522. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2019 by Keith Head and Thierry Mayer. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Misfits in the Car Industry: Offshore Assembly Decisions at the Variety Level Keith Head and Thierry Mayer NBER Working Paper No. -
Gravity Equations: Workhorse, Toolkit and Cookbook
No 2013 – 27 September CENTRE D’ÉTUDESPROSPECTIVES ETD’INFORMATIONS INTERNATIONALES DOCUMENTDETRAVAIL Gravity Equations: Workhorse,Toolkit, and Cookbook Keith Head and Thierry Mayer CEPII Working Paper Gravity Equations: Workhorse,Toolkit, and Cookbook TABLE OF CONTENTS Highlights and Abstract...........................3 Points clefs et résumé............................4 1. Introduction..............................6 1.1. Gravity features of trade data.....................6 1.2. A brief history of gravity in trade....................8 2. Microfoundations for Gravity Equations................... 11 2.1. Three Definitions of the Gravity Equation................ 11 2.2. Assumptions underlying structural gravity................ 13 2.3. Main variants of gravity for trade.................... 14 2.4. Gravity models beyond trade in goods.................. 23 3. Theory-consistent estimation....................... 23 3.1. Proxies for multilateral resistance terms................. 24 3.2. Iterative structural estimation..................... 24 3.3. Fixed effects estimation........................ 25 3.4. Ratio-type estimation........................ 26 3.5. Other methods........................... 27 3.6. Monte Carlo study of alternative estimators................ 28 3.7. Identification and estimation of country-specific effects........... 31 4. Gravity estimates of policy impacts..................... 33 4.1. Meta-analysis of policy dummies.................... 33 4.2. The elasticity of trade with respect to trade costs.............. 36 4.3. Partial -
Gianmarco Ottaviano CV
Curriculum Vitae Gianmarco Ireo Paolo OTTAVIANO Born in Milan (Italy) on Sept.29, 1967. Italian citizenship. Professional addresses: London School of Economics and Political Science Department of Economics and Centre for Economic Performance Houghton Street London WC2A 2AE United Kingdom E-mail: [email protected] Web: http://www.lse.ac.uk/researchAndExpertise/Experts/[email protected] CURRENT POSITIONS Professor of Economics, Department of Economics, London School of Economics and Political Science, London, UK. Honorary Professor of Economics (Chiamata per chiara fama), Department of Economics, Università di Bologna, Bologna, Italy. Director of the Trade Programme, Centre for Economic Performance, London School of Economics and Political Science, London, UK. Senior Non-Resident Fellow, Bruegel, Brussels, Belgium. Research Fellow, Centre for Economic Policy Research (CEPR), International Trade Programme, London, U.K. Research Fellow, Center for Financial Studies (CFS), Frankfurt, Germany. Research Fellow, Kiel Institute for the World Economy (IFW), Kiel, Germany. External Research Fellow, Centre for Research and Analysis of Migration (CReAM), University College London, U.K. External Research Fellow, Leverhulme Centre for Research on Globalisation and Economic Policy (GEP), University of Nottingham, U.K. PAST POSITIONS 2001-2014. Research Fellow, Fondazione ENI Enrico Mattei (FEEM), Milan, Italy. 2008-2013. Full Professor of Economics, Department of Economics, Bocconi University, 1 Milan, Italy. Taught courses: International Economics, Macroeconomics. 2009-2011. Coordinator of the PhD Degree Program in Economics. 2011-2013. Vice-Director, Paolo Baffi Centre on Central Banking and Financial Regulation, Bocconi University, Milan, Italy. 2002-2013. Research Fellow, Knowledge, Internationalization and Technology Studies (KITES, formerly CESPRI), Bocconi University, Milan, Italy. -
Curriculum Vitae De Philippe Martin
Philippe Martin Curriculum vitae Professeur d’économie Sciences Po +33(0)145497629 email: [email protected] web-page: http://econ.sciences-po.fr/staff/philippe-martin Etat civil: né le 18-01-1966, nationalité française Activités principales actuelles : - Professeur à Sciences Po depuis mars 2009 - Research fellow: Centre for Economic Policy Research (CEPR), Londres; Programmes International Macroeconomics et International Trade - Membre du Conseil d’Analyse Economique du Premier ministre Parcours professionnel : - Institut Universitaire des Hautes Etudes Internationales (Université de Genève) : Chargé de cours et de recherche, 1992-1999 - Chercheur associé : CEPII, Paris, 1995-1997 - Chercheur associé, CERAS-ENPC, Paris, depuis 1997 (plein temps 1997-2000) - Professeur à l'Université de Lille1, 2000-2001, agrégé (agrégation 2000 ; rang : second) - Economiste, Research Department, Federal Reserve Bank of New York , 2001-2002 - Professeur chargé de cours à l'Ecole Polytechnique 1999-2006 - Chercheur associé : CERAS unité CNRS, Ecole Nationale des Ponts et Chaussées, depuis 1997, PSE depuis 2005 - Professeur à l’Université de Paris-1 ( CES, unité CNRS), 2002-2009 - Professeur à l’Ecole d’Economie de Paris, Chaire de professeur, 2007-2009 - Membre junior de l’Institut Universitaire de France, 2005-2010 - Co-directeur du programme macroéconomie du CEPREMAP (2005-2010) - Directeur du département d’économie de Sciences Po (2009-2013) Formation - 1988-92, Ph.D., Georgetown University, Washington D.C., économie, 1992. - 1987-88: D.E.A -
Full Issue Download
The Journal of The Journal of Economic Perspectives Economic Perspectives The Journal of Spring 2021, Volume 35, Number 2 Economic Perspectives Symposia European Union Philip R. Lane, “The Resilience of the Euro” Keith Head and Thierry Mayer, “The United States of Europe: A Gravity Model Evaluation of the Four Freedoms” David Dorn and Josef Zweimüller, “Migration and Labor Market Integration in Europe” Florin Bilbiie, Tommaso Monacelli, and Roberto Perotti, “Fiscal Policy in Europe: Controversies over Rules, Mutual Insurance, and Centralization” Preventive Medicine A journal of the Joseph P. Newhouse, “An Ounce of Prevention” American Economic Association Amanda E. Kowalski, “Mammograms and Mortality: How Has the Evidence Evolved?” Spring 2021 Volume 35, Number 2 Spring 2021 Volume Articles M.V. Lee Badgett, Christopher S. Carpenter, and Dario Sansone, “LGBTQ Economics” Nicolás Campos, Eduardo Engel, Ronald D. Fischer, and Alexander Galetovic, “The Ways of Corruption in Infrastructure: Lessons from the Odebrecht Case” Benjamin F. Jones, “The Rise of Research Teams: Benets and Costs in Economics” Feature Timothy Taylor, “Recommendations for Further Reading” Spring 2021 The American Economic Association The Journal of Correspondence relating to advertising, busi- Founded in 1885 ness matters, permission to quote, or change Economic Perspectives of address should be sent to the AEA business EXECUTIVE COMMITTEE office: [email protected]. Street ad- Elected Officers and Members A journal of the American Economic Association dress: American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203. For President membership, subscriptions, or complimentary DAVID CARD, University of California, Berkeley Editor access to JEP articles, go to the AEA website: Heidi Williams, Stanford University http://www.aeaweb.org. -
2010 Reading List
ECO572 - International Economics - 2010 Reading List Agnès Bénassy-Quéré, Benoît Coeuré ECO572 - INTERNATIONAL ECONOMICS - 2010 READING LIST TEXTBOOKS Lessons 1 to 3: International trade Paul Krugman and Maurice Obstfeld, International Economics: Theory and Policy, Addison Wesley, 2009, Part 1 and Part 2. Traduction/adaptation française par G. Capelle- Blancard et Matthieu Crozet : Economie internationale, Pearson Education, 2009. Thierry Mayer et Jean-Louis Mucchielli, Economie internationale, éd. Dalloz, 2005, parties 1, 2 et 4. Lesson 4: Economic geography Richard Baldwin, Rikard Forslid, Philippe Martin, Gianmarco Ottaviano, Fréderic Robert-Nicoud, Economic Geography and Public Policy, Princeton University Press, 2005 Pierre-Philippe Combes, Thierry Mayer et Jacques-François Thisse, Economie géographique, éd. Economica, 2006. Economic Geography, Princeton University Press, 2008. Thierry Mayer et Jean-Louis Mucchielli, Economie internationale, éd. Dalloz, 2005, partie 3. Lessons 5 to 9: Exchange rate and international finance Paul Krugman and Maurice Obstfeld, International Economics: Theory and Policy, Addison Wesley, 2009, Part 3 and Part 4. Traduction/adaptation française par G. Capelle- Blancard et Matthieu Crozet : Economie internationale, Pearson Education, 2009. Maurice Obstfeld and Kenneth Rogoff, Foundations of International Economics, MIT Press, 1996. Asbjørn Rødseth: Open Economy Macroeconomics, Cambridge University Press, 2000. Mark Taylor and Lucio Sarno, The Economics of Exchange Rates, Cambridge University Press, 2003. ECO572 - International Economics - 2010 Reading List REFERENCE ARTICLES Lesson 3 Paul Krugman (1979) “Increasing Returns, Monopolistic Competition, and International Trade”, Journal of International Economics, 9, pp. 469–479. Paul Krugman (1980), “Scale Economies, Product Differentiation and the Pattern of Trade,” American Economic Review, 70, pp. 950-959. Marc Melitz (2003), “The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity,” Econometrica, 71 (6), pp. -
Market Size, Competition, and the Product Mix of Exporters
American Economic Review 2014, 104(2): 495–536 http://dx.doi.org/10.1257/aer.104.2.495 Market Size, Competition, and the Product Mix of Exporters† By Thierry Mayer, Marc J. Melitz, and Gianmarco I. P. Ottaviano* We build a theoretical model of multi-product firms that highlights how competition across market destinations affects both a firm’s exported product range and product mix. We show how tougher competition in an export market induces a firm to skew its export sales toward its best performing products. We find very strong confirmation of this competitive effect for French exporters across export market destinations. Theoretically, this within-firm change in product mix driven by the trading environment has important repercussions on firm productivity. A calibrated fit to our theoretical model reveals that these productivity effects are potentially quite large. JEL D21, D24, F13, F14, F41, L11 ( ) Exports by multi-product firms dominate world trade flows. Variations in these trade flows across destinations reflect in part the decisions by multi-product firms to vary the range of their exported products across destinations with different mar- ket conditions.1 In this paper, we further analyze the effects of those export market conditions on the relative export sales of those goods: we refer to this as the firm’s product mix choice. We build a theoretical model of multi-product firms that high- lights how market size and geography the market sizes of, and bilateral economic ( distances to, trading partners affect both a firm’s exported product range and its ) exported product mix across market destinations.