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International Seminar BBVA-Ivie 2009
Gravity, specialization, and the geography of world trade: recent developments
Valencia, July 9-10, 2009
Fundación BBVA


Over the last few years, international economics has been advancing in relevant directions, which include general research areas such as gravity models, specialization, and the geography of trade. The latter is particularly related to the so called “new new economic geography”, which succeeded Krugman’s new economic geography and is shifting the research frontier on international economics due to the thorough examination of the role of firms when analyzing trade flows.

Although the topic has been studied for some time now, gravity models are also still at the heart of international economics, and they underlie several of the papers that will be presented in the workshop. One of the best-established empirical results in international economics is that bilateral trade decreases with distance, which has been reexamined thoroughly over the last few years. However, the issue is still at stake, as shown by the numerous recent contributions that have questioned “the missing globalization puzzle”, whether “distance has died” and, in general, the importance of trade costs and borders.

Nevertheless, the importance of distance varies across industries and, consequently, some other recent contributions in international economics have examined related aspects of product and trade specialization. This has triggered off the emergence of some studies analyzing product substitutability in different industries, or how trade costs have evolved in each particular sector.

The aim of this workshop is to discuss several recent papers on these and related fields (such as the links between migration flows and trade volumes) in which state-of-the-art contributions will be presented. The topics will be debated by different people from academia, research institutes, and other internationally recognized organizations. Their points of view will provide the diverse audience with both theoretical and practical knowledge of some relevant subjects for the understanding of globalization and how it has impacted on several economic issues.


Thursday, July 9th

16.00 - 16.15 h: Welcome and opening session

16.15 – 17.00 h: “Trade booms, trade busts, and trade costs”
Dennis Novy, University of Warwick (co-authored with David Jacks and Cristopher Meissner)

17.00 – 17.45 h: “Where do firms export, how much and why?”
Martina Lawless, Central Bank and Financial Services Authority of Ireland

17.45 – 18.00 h: Coffee break

18.00 – 18.45 h: “The distance puzzle: disentangling the black boxes”
Abel Fernández, Ivie, Iván Arribas, Francisco Pérez, Universidad de Valencia and Ivie, and Emili Tortosa, Universitat Jaume I and Ivie

18.45 – 19.30 h: “Asymmetric trade integration and growth”
Alan Woodland, Australian School of Business (co-authored with Seppo Honakponhja and Arja Turunen-Red)

Friday, July 10th

9.30 – 10.15 h: “Trade enhancing effects of international migrations”
Joan Martín-Montaner, Universitat Jaume I (co-authored with José V. Blanes and Guadalupe Serrano)

10.15 – 11.00 h: “Exports and logistics”
Alberto Behar, St. Anne’s College, Oxford

11.00 – 11.45 h: “Elasticity optimism”
Jean Imbs, HEC Lausanne, Switzerland (co-authored with Isabelle Mejean)

11.45 – 12.15 h: Coffee break

12.15 – 13.00 h: “Comparative advantage across goods and product quality”
Francisco Alcalá, Universidad de Murcia and Ivie

13.00 – 13.45 h: “Agricultural protection and electoral systems: an empirical investigation”
Carolyn L. Evans, Santa Clara University, CA (co-authored with Nicholas Obradovich)


C/ Daniel Balaciart, 3 bajo
46020 Valencia - Spain