Maestría en Economía Materia: Comercio Internacional
Segundo Trimestre 2013
Profesor: Juan Carlos Hallak jchallak@udesa.edu.ar Clases: Viernes 9hs-12hs
Requerimientos del curso
Exámen final: 60% (mínima calificación de 35/100) Referee reports: 30%
Participación en clase: 10%
Materiales de lectura
El material de lectura del curso se compone de la lista de trabajos que se detalla a continuación. También se recomienda como fuente de lectura el siguiente libro de texto:
Feenstra, R., Advanced International Trade: Theory and Evidence, (Princeton and Oxford: Princeton University Press), 2004.
I. COMPETENCIA PERFECTA
1. Ventaja comparativa y ganancias de comercio
Deardorff, A. (1980), “The General Validity of the Law of Comparative Advantage,” Journal of Political Economy, 88: 941-957.
Bernhofen, D. and J. Brown (2004), “A Direct Test of the Theory of Comparative Advantage: The Case of Japan,” Journal of Political Economy, 112: 48-67.
Deardorff, A. (2004), “Local Comparative Advantage: Trade Costs and the Pattern of Trade,” mimeo.
2. El modelo Ricardiano
Dornbusch, R., S. Fisher, and P. Samuelson (1977), “Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods,” American Economic Review, 67: 823-839.
Eaton, J. and S. Kortum (2002), “Technology, Geography, and Trade,” Econometrica, 70: 1741-1779.
Recomendados:
Costinot, A. Donaldson, D., and I. Komunjer (2012), “What Goods Do Countries Trade? A Quantitative Exploration of Ricardo’s Ideas,” Review of Economic Studies, 79(2): 581-608. Fieler, A.C. (2011), “Non-Homotheticity and Bilateral Trade: Evidence and a Quantitative
Explanation,” Econometrica, 79(4), 1069-1101.. 3. El modelo de Heckscher-Ohlin
Feenstra, R. (2003), Capítulos 1 y 2, pp. 1-35.
Deardorff, A. (1979), “Weak Links in the Chain of Comparative Advantage,” Journal of International Economics, 9: 197-209.
Deardorff, A. (1982), “The General Validity of the Heckscher-Ohlin Theorem,” American Economic Review, 72: 683-694.
Trefler, D. (1995), “The Case of the Missing Trade and other HOV Mysteries,” American Economic Review, 85: 1029-1046.
Debaere, P., (2003), “Relative Factor Abundance and Trade,” Journal of Political Economy, 111: 589-609.
Fitzgerald, D. and J. Hallak (2004), “Specialization, Accumulation, and Development,” Journal of International Economics, 64: 277-302.
Bernard, A., B. Jensen, and P. Schott (2006), “Survival of the Best Fit: Exposure to Low-Wage Countries and the (Uneven) Growth of U.S. Manufacturing Plants,” Journal of International Economics, 68: 219-237.
Recomendados:
Jones, R. (1965), “The Structure of Simple General Equilibrium Models,” Journal of Political Economy, 73: 557-572.
Leamer, E. (1987), “Paths of Development in the Three-Factor, n-Good General Equilibrium Model,” Journal of Political Economy, 95: 961-999.
Dornbusch, R., S. Fisher, P. Samuelson (1980), “Heckscher-Ohlin Theory with a Continuum of Goods,” Quarterly Journal of Economics, 95: 203-224.
4. El modelo de factores específicos
Neary, J. (1978), “Short-Run Capital Specificity and the Pure Theory of International Trade,” Economic Journal 88: 488-510.
5. Comercio y salarios
Slaughter, M. (1999), “Globalisation and Wages: A Tale of Two Perspectives,” World Economy 22: 609-630.
Gasparini, L. and G. Cruces (2008), “A Distribution in Motion: The Case of Argentina”, mimeo. Verhoogen, E. (2008), “Trade, Quality Upgrading, and Wage Inequality in the Mexican
Manufacturing Sector,” Quarterly Journal of Economics, 123(2): 489-530.
Bustos, P. (2011), “The Impact of Trade Liberalization on Skill Upgrading: Evidence from Argentina,” mimeo.
Recomendados:
Feenstra, R. and G. Hanson (1999), “The Impact of Outsourcing and High-Technology Capital on Wages: Estimates for the United States, 1979-1990,” Quarterly Journal of Economics, 114: 907-940.
Galiani, Sebastián and Pablo Sanguinetti (2003), “The Impact of Trade Liberalization on Trade Inequality: Evidence from Argentina,” Journal of Development Economics, 72, 497-513
Galiani, S. and G. Porto (2010), “Trends in Tariff Reforms and Trends in the Structure of Wages,” The Review of Economics and Statistics, 92: 482-494.
II. DIFERENCIACION DE PRODUCTO
6. Economías de escala, competencia monopolística y comercio intra-industrial
Krugman, P. (1980), “Scale Economies, Product Differentiation, and the Pattern of Trade,” American Economic Review, 70: 950-959.
Romalis, J. (2004), “Factor Proportions and the Structure of Commodity Trade,” American Economic Review, 94: 67-97.
Recomendados:
Krugman, P. (1979), “Increasing Returns, Monopolistic Competition, and Internatinal Trade,” Journal of International Economics, 9: 469-479.
Davis, D. (1998), “The Home Market, Trade, and Industrial Structure,” American Economic Review, 88: 1264-1276.
7. Nueva geografía económica
Krugman, P. (1991), “Increasing Returns and Economic Geography,” Journal of Political Economy, 99: 483-499.
Krugman, P. and A. Venables (1995), “Globalization and the Inequality of Nations”, Quarterly Journal of Economics, 110: 857-880.
8. Calidad de producto
Fajgelbaum, P., G. Grossman, and E. Helpman (2011), “Income Distribution, Product Quality, and International Trade, Journal of Political Economy, 119(4): 721-765.
Schott, P. (2004), “Across-Product versus Within-Product Specialization in International Trade,” Quarterly Journal of Economics, 119: 647-678.
Hummels, D and P. Klenow (2005), “The Variety and Quality of a Nation’s Exports,” American Economic Review, 95: 704-723.
Hallak, J. (2006), “Product Quality and the Direction of Trade,” Journal of International Economics, 68: 238-265.
Recomendados:
Vernon, R. (1966), “International Investment and International Trade in the Product Cycle,” Quarterly Journal of Economics, 80, 190-207.
Hallak, J. and P. Schott (2011), “Estimating Cross-Country Differences in Product Quality”, Quarterly Journal of Economics, 126, 417-474.
III. HETEROGENEIDAD AL NIVEL DE LA FIRMA 9. Determinantes del comportamiento exportador de la firma
Melitz, M. (2003), “The Impact of Trade on Intra-industry Reallocations and Aggregate Industry Productivity,” Econometrica, 71: 1695-1725.
Bernard, A., J. Eaton, J. B. Jensen, and S. Kortum (2003), “Plants and Productivity in International Trade,” American Economic Review, 93: 1268-1290.
Bernard, A., S. Redding, and P. Schott (2007), “Comparative Advantage and Heterogeneous Firms,” Review of Economics Studies, 74: 31-66.
Bernard, A., S. Redding, and P. Schott (2011), “Multi-Product Firms and Trade Liberalization,” Quarterly Journal of Economics, 126(3): 1271-1318.
Arkolakis, C. (2010), “Market Penetration Costs and the New Consumers Margin in International Trade, Journal of Political Economy, 118(6): 1151-1199.
Kugler, M. and E. Verhoogen (2011), “Prices, Plant Size, and Product Quality,” Review of Economic Studies, 79(1): 307-339.
Hallak, J. and J. Sivadasan (2013), “Product and Process Productivity: Implications for Quality Choice and Conditional Exporter Premia, Journal of International Economics, 91(1): 53-67. Brambilla, I., D. Lederman, and G. Porto (2012), “Exports, Export Destinations, and Skills,”
American Economic Review, 102(7): 3406-3438.
Manova, K. (2013), “Credit Constraints, Heterogeneous Firms, and International Trade,” Review of Economic Studies, 80: 711-744.
10. Dinámica exportadora
Albornoz, F., H. Calvo Pardo, G. Corcos, and E. Ornelas (2012), “Sequential Exporting,” Journal of International Economics, 88(1): 17-31.
Artopoulos, A., D. Friel, and J. Hallak (2013), “Export Emergence of Differentiated Goods from Developing Countries: Export Pioneers and Business Practices in Argentina,” Journal of Development Economics, 105: 19-35.
Fajgelbaum, P. (2011), “Labor Market Frictions, Firm Growth, and International Trade,” mimeo. 11. ¿Exportar incrementa la productividad?
Bernard, A. and J. B. Jensen (1999), “Exceptional Exporter Performance: Cause, Effect or Both?” Journal of International Economics, 47: 1-25.
De Loecker, J. (2007), “Do Exports Generate Higher Productivity? Evidence from Eslovenia, Journal of International Economics, 73: 69-98.
12. Firmas multinacionales y sourcing internacional
Markusen, J. (1995), “The Boundaries of Multinational Enterprises and the Theory of International Trade,” Journal of Economic Perspectives, 9, 169-189.
Helpman, E. (1984), “A Simple Theory of International Trade with Multinational Corporations,” Journal of Political Economy, 92: 451-471.
Helpman, E., M. Melitz, and S. Yeaple (2004), “Export Versus FDI with Heterogeneous Firms,” American Economic Review, 94, 300-316.
Antras, P. and E. Helpman (2004), “Global Sourcing,” Journal of Political Economy, 112, 552-580.
Ramondo, N. and Andrés Rodríguez-Clare, A. (2013), “Trade, Multinational Production, and the Gains from Openness, Journal of Political Economy,121(2).
Smarzynska, B. (2004), “Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers through Backward Linkages,” American Economic Review, 94, 605-627.
Poole, J. (2011), “Knowledge Transfers from Multinationals to Domestic Firms: Evidence from Worker Mobility,” Review of Economics and Statistics, forthcoming.
IV. POLITICA COMERCIAL
13. Efectos en los términos de intercambio
Krishna, P. and A. Panagariya (2000), “A Unification of Second Best Results in International Trade,” Journal of International Economics, 52: 235-257.
Broda, C., N. Limao, and D. Weinstein (2008), “Optimal Tariffs and Market Power: The Evidence,” American Economic Review, 98(5): 2032-2065.
14. Política comercial estratégica
Brander, J. and B. Spencer (1984), “Tariff Protection and Imperfect Competition,” en H. Kierzkowski (ed.), Monopolistic Competition and International Trade, Oxford University Press; también en G. Grossman (ed.), Imperfect Competition and International Trade, 1992, The MIT Press.
Krugman, P. (1984), “Import Protection as Export Promotion: International Competition in the Presence of Oligopoly and Economies of Scale,” en H. Kierzkowski (ed.), Monopolistic Competition and International Trade, Oxford University Press; también en G. Grossman (ed.), Imperfect Competition and Internatinal Trade, 1992, The MIT Press.
Markusen, J. and A. Venables (1988), “Trade Policy with Imperfect Competition: Contradictory Results from Competing Assumptions,” Journal of International Economics, 24: 299-316. 15. Efectos en el grado de competencia
Arkolakis, C., Costinot, A., Donaldson, D., and A. Rodriguez-Clare (2012), “The Elusive Pro-Competitive Effects of Trade,” mimeo
De Loecker, J., P. Goldberg, A. Khandelwal, and N. Pavcnik (2012), “Prices, Markups, and Trade Reform, mimeo.
16. Efectos en la productividad
Head, K. and J. Ries (1999), “Rationalization Effects of Tariff Reductions,” Journal of International Economics, 47: 295-320.
Pavcnik, N. (2002), “Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants,” Review of Economic Studies, 69: 245-276.
Bustos, P. (2011), “Trade Liberalization, Exports, and Technology Upgrading: Evidence on the Impact of MERCOSUR on Argentinian Firms,” American Economic Review, 101(1): 304-340.
Goldberg, P., A. Khandelwal, N. Pavcnik, and P. Topalova (2010), Imported Intermediate Inputs and Domestic Product Growth: Evidence from India, Quarterly Journal of Economics, 125(4): 1727-1767.
17. Política comercial como política de desarrollo
Sauré, P. (2007), “Revisiting the Infant Industry Argument,” Journal of Development Economics, 84(1): 104-117.
Harrison, A. and A. Rodriguez-Clare (2009), “Trade, Foreign Investment, and Industrial Policy for Developing Countries,” Forthcoming en Rodrik and Rozensweig (ed.), Handbook of Economic Development.
Hallak, J. and J. Levinsohn (2008), “Fooling Ourselves: Evaluating the Globalization and Growth Debate”, en Ernesto Zedillo (Ed.), The Future of Globalization: Explorations in Light of Recent Turbulence. Routledge, London & New York.