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1 36 th ASP T RA D E P O L I C Y A
36 th ASP T RA D E P O L I C Y A NA L Y S I S W I TH G RAVI TY M O D E L S Dec 7 - 11 , 2 0 2 0 Pr o f . Y o to V . Y o t o v ( Dre x el and I f o ) Course O u tli n e : The go a l of the c our s e is to s e rve a s a p r a c t i ca l g u i de for tr a de pol i c y a n a l y sis wi t h the str u c tur a l g r a vi t y mo d e l, i.e., t he wo r kh o rse model in in t e rn a t i on a l tr a d e . The c ourse tr a ce s the e v olu t ion of the g r a vi t y m o d e l f r om i t s in i t ial a - theo re t i ca l a ppl i ca t i ons to the most r e ce nt stru c tur a l d e v e lop m e nts, e . g ., d y n a m i c g r a vi t y , a nd it o f f e rs a c ompr e h e nsive a nd b a l a n ce d a pproa c h b e t w ee n theo r y a nd e mp i ri c s. Ri g o r ous t h e o re t ic a l e x posit i on i s c omb i n e d with a s e ri e s of a ppl i ca t i ons a nd e mp i ri c a l e x e r c ises, including e st i mation of the p a rtial a nd the GE e f fe c ts of F T As a nd M F N t a r i f f s with i n the s a me t h e o r y - c onsistent f ra me w o rk. S e ss i on 1: The G ra vi t y Mod e l of I nte r n a t i on a l T r a d e : M o nd ay, December 7 Th e o re t ic a l F ound a t i ons. Ty p e : L e c tur e . No c ompu t e rs re quir e d. S e ss i on 2: Est i mating S tru c tur a l G r a vi t y : C h a l l e n g e s, T u e s d ay, Decem ber 8 S olu t ions, a nd Applic a t i o ns. Ty p e : L e c tur e . No c ompu t e rs re quir e d. S e ss i on 3: H a nd s - on S e ss i on on Est i mating S tru c tur a l W e dn e s d ay, December 9 G ra vi t y . Applic a t i ons. Ty p e : L e c tur e / H a nds - on. L e c t u r e + Compu t e rs w i t h S tata re qui r e d. S e ss i on 4: G e n e r a l Equil i b r ium An a l y sis with t he G ra vi t y T hu r s d ay, December 10 Model. Th e o r y a nd Applic a t i ons. Ty p e : L e c tur e / H a nds - on. L e c t u r e + Compu t e rs w i t h S tata re qui r e d. S e ss i on 5: H a nd s - on S e ss i on on GE An a l y sis with t he S tru c t u ra l Gr a vi t y model. T hu r s d ay, December 11 Appli

2 c a t i ons. N e sted G ra vi t y : D
c a t i ons. N e sted G ra vi t y : D y n a m i c G r a vi t y M od e ls. Ty p e : L e c tur e / H a nds - on. Compu t e rs w i t h S tata re quir e d + L ec tu r e Course R e a d i n gs R e qu ir e d R e a d i n gs. The c ourse is d e v e lo p e d a round the following book a nd the acc ompa n y i n g two wo r king p a p e rs, wh i c h a r e e x tend e d v e rsions of t h e boo k ' s two main c h a pte r s. The book, a l ong with d a ta a nd S t a ta c od e s ca n be down l o a d e d for f r e e a t ht t ps: / /v i .un c tad.o r g / t p a /w e b/vo l 2/vo l 2home.html [ 1] " An A dv a n ce d Guide to Tr a de P ol i c y An a l y si s : The S tru c tur a l G r a vi t y Model" Yotov, Y. V., R. P ie r ma r t i ni, J . A. Mont e iro, a nd M. L a r c h. C o - publ i shed b y U N CTAD a n d W TO, 2 016. [ 2] " Est i mating T ra d e P ol ic y E f f e c ts with S tru c tur a l G r a vi t y ", P ie r m a rtini, R. a nd Y. V. Yotov, 2016. [ 3] " G e n e r a l Equilibrium T ra d e P ol ic y An a l y sis w i t h S tru c tur a l G r a vi t y ", L a r c h, M. a nd Y. V . Yotov, 2016. H i g h ly R ec o m m e nd e d R e a d i n g s . The r e qui r e d r e a di n g s c ov e r a l a r g e n umber of i m por t a nt r e lat e d stud i e s a nd I r e f e r the in t e r e sted re a d e r to the bib l io g r a p h y s e c t ions of the a bove p a p e rs. The following a r e some influ e nt i a l aca d e m i c p a p e rs that a r e most c lose l y r e lat e d to the c ourse ma t e ri a l. [ 1] " G ra vi t y wi t h G ra vi t a s: A S olu t ion to the B o r d e r P u zz le" And e rson, J . E., a nd E. v a n W incoop. 2003. A me r ic a n E c onom i c R e vie w , 93 ( 1 ) : 17 0 – 192. [ 2 ] " T ec hnolo g y , G e o g r a p h y , a nd T ra d e " E a ton, J . a nd S . Ko r tu m , 2002. E c onomet r ic a , vol. 70(5 ) , p a g e s 174 1 - 1779. [ 3] “ Est i m a tes of the T rade a nd W e lf a r e E f f ec ts o f N A F T A” C a l i e ndo L ., a nd F . P a r ro The R e view of E c onom i c S tud i e s, Volume 82, I s s ue 1, 1 J a nu a r y

3 2015, Pa g e s 1 – 44. [ 4] "
2015, Pa g e s 1 – 44. [ 4] " The Ch a n g ing I n c i d e n c e o f G e o g r a p h y " And e rson, J . E. a nd Y . V. Yotov, 201 0 . Am e ri ca n E c onom i c Re v ie w , vol. 100(5 ) , p a g e s 2 15 7 - 86. [ 5] “ Disto r ted G r a vi t y : T he I ntensive a nd E x tensive Ma r g ins of I n t e rn a t i o n a l Tr a d e ” Thom a s C h a n e y . Am e r i c a n E c onom i c R e vie w , 9 8 (4 ) , pp. 170 7 - 21. [ 6] " The L o g of G ra vi t y " S a ntos S i l v a , J .M. C . a nd S . T e n r e y ro, 2006. R e view of E c onom i c s a nd S tatis t ics, 88 ( 4 ) : 64 1 – 658. [ 7] " Est i mating G e n e r a l Equilibrium T ra de P ol i c y E f f ec ts: GE PP M L " A nd e rson, J . E., M. L a r c h, a nd Y. V . Yotov, 2015. CES i fo Wo r king P a p e r Se r i e s 5446. H i g h ly R ec om me nd e d Su r v e y R e a d i n gs. T he following a re e x c e l l e nt surv e y s that c omp l e ment the m a in r ea ding mat e r i a ls for the c o u r s e . [ 1] " The G ra vi t y Mo d e l" And e rson, J .E. 2011. A nnu a l R e view of Ec onom i c s, 3:13 3 - 60. [ 2] " G ra vi t y for Dumm ie s a nd Dumm i e s f o r G r a v i t y Equ a t i on s " B a ldwin, R. a nd D. T a g l i oni, 2006. N B ER W o r king Pa p e rs 12516. [ 3] " T ra de Th e o r y with Numbe r s: Qu a nt i f y i n g the Consequ e n c e s of G lob a l iz a t i on" Cost i not, A., a nd A. Rodrí g u e z - Cla r e , 2014. in t h e H a ndbook of I nte r n a t i on a l Ec o nom i c s Vol. 4, e ds. G. G opinath, E. H e lp m a n, a nd K. R o g o f f. [ 4] " G ra vi t y Eq u a t i ons: W o r khors e , Toolkit, a nd Cookbook" H ea d, K. a nd T. M a y e r, 2014. in the H a ndbook of I n t e r n a t i on a l E c onom i c s Vol. 4, e ds. G. Gopin a th, E . H e lp m a n, a nd K. Ro g o f f. [ 5] " P r a c t i ca l Guide to T ra de P ol ic y A n a l y si s " W o r ld T ra de O r g a ni z a t i on a nd Un i ted N a t i ons Conf e r e n c e on T r a de a nd D e v e lop m e nt, 2012. F u r th e r d e tails on c o ur se c an b e f o u n d a t : ht t p : / / y ot o y otov . c om / g r a vi t y . ht m