event
GTDW Seminar Series
Monday
01
March
Stephen Redding

International Friends and Enemies

Stephen Redding, Harold T. Shapiro*64 Professor in Economics at Princeton University
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Seminar streamed via Zoom

The Geneva Trade and Development Workshop (GTDW) is a joint seminar series of the Geneva School of Economics and Management (GSEM), the Graduate Institute in Geneva (IHEID), the United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO). After twelve years of running as an on-site seminar, we are joining forces with the Centre for Economic Policy Research (CEPR) to bring the GTDW online to share frontier research in trade and development.

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As part of the Geneva Trade and Development Workshop (GTDW) seminar series, the Graduate Institute in Geneva (IHEID) and our partners are pleased to invite you to a public talk given by Stephen Redding, Harold T. Shapiro*64 Professor in Economics at Princeton University.

He will present his paper International Friends and Enemies, coauthored with Benny Kleinman and
Ernest Liu.

Abstract: We develop sufficient statistics of countries' bilateral income and welfare exposure to foreign productivity shocks that are exact for small shocks in the class of models with a constant trade elasticity. For large shocks, we characterize the quality of the approximation, and show it to be almost exact. We compute these sufficient statistics for over 140 countries from 1970-2012. We show that our exposure measures depend on market-size, cross-substitution and cost of living effects. As countries become greater economic friends in terms of welfare exposure, they become greater political friends in terms of United Nations voting and strategic rivalries.

 

 

About the Speaker

Stephen Redding is the Director of the International Trade and Investment Program at the National Bureau of Economic Research (NBER). He is also an Associate Editor of the Quarterly Journal of Economics, Fellow of the Econometric Society, International Research Associate at CEP, London School of Economics, and Research Fellow at the International Trade Programme of the Centre for Economic Policy Research. Prior to joining Princeton University in 2010, he worked as Professor of Economics at LSE (2008-10) and Yale School of Management (2008-9). His main research interests are international trade and economic geography, productivity and economic growth.