Trade and Growth

In collaboration with:

Objectives

Growth and job creation are increasingly linked to each economy’s ability to expand the quantity and quality of its exports. The global economy provides extraordinary opportunities for improving welfare but also poses profound challenges: countries must continuously revise and strengthen their competitive advantages and expand the number and size of their exporting firms. Doing so is even more crucial in countries like Spain, where large debt ratios held by the public and private sectors will in the near future prevent a solid expansion of the domestic demand. How countries build a large and diversified exporting sector is still only partially understood. Also, we are still discovering new aspects and consequences of the recent dynamics of the international division of labor.

This workshop will provide a forum for discussing cutting-edge research on trade and growth from both the theoretical and empirical viewpoints. The papers to be presented cover a wide array of issues such as: the productivity gains generated by the dynamics of firm selection, the increasing within-industry specialization of countries due to offshoring, the dynamics of the world relocation of production and its impact on growth across countries, the effect of exporting firms’ decisions on the dispersion of wages and productivity, the interplay between financial development, financial frictions and exports, and the response of trade to changes in tariffs.

Programme

First session: 9:30-11:30

“Dynamic Selection: An Idea Flows Theory of Entry, Trade and Growth”
Thomas Sampson, London School of Economics

“Offshoring and Skill-upgrading in French Manufacturing: A Heckscher-Ohlin-Melitz View”
Harald Fadinger, University of Mannheim, (joint work with Juan Carluccio, Alejandro Cuñat and Christian Fons-Rosen)

Coffee break: 11:30-12:00

Second session: 12:00-13:45

“International Relocation of Production and Economic Growth”
Marta Solaz, Universitat de València, (joint work with Francisco Alcalá)

“Betting on Exports: Trade and Endogenous Heterogeneity”
Alessandra Bonfiglioli, Universitat Pompeu Fabra, (joint work with Gino Gancia and Rosario Crinò)

Third session: 15:15-16:15

“Financial Frictions, Product Quality, and International Trade”
Rosario Crinò, Centro de Estudios Monetarios y Financieros (CEMFI), (joint work with Laura Ogliari)

Coffee break: 16:15-16:30

Fourth session: 16:30-17:30

“Trade Adjustment Dynamics and the Welfare Gains from Trade”
Kim Ruhl, New York University, (joint work with George Alessandria and Horag Choi)

Coordinator

Francisco Alcalá, Universidad de Murcia and Ivie

Participants

Alessandra Bonfiglioli, Universitat Pompeu Fabra
Rosario Crinò, Centro de Estudios Monetarios y Financieros (CEMFI)
Harald Fadinger, University of Mannheim
Kim Ruhl, New York University
Thomas Sampson, London School of Economics
Marta Solaz, Universitat de València

Venue

Universitat de València
Facultat d'Economia
Departament d’Estructura Econòmica
(Economia Aplicada II)
4t pis - 4P18 - Aula Departament
Av. de los Naranjos s/n
46022 Valencia