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Lehrende/r: Philipp Herkenhoff
Veranstaltungsart:
online: Hauptseminar
Anzeige im Stundenplan:
HS: Int Eco
Semesterwochenstunden:
2
Unterrichtssprache:
Englisch
Min. | Max. Teilnehmerzahl:
- | 20
Voraussetzungen / Organisatorisches:
Working knowledge of calculus is required and previous contact with trade theory is highly
recommended, in particular knowledge of the hetergeneous firms trade model by Melitz (2003).
Good knowledge of econometrics is required. If you are unsure about meeting the
requirements, do not hesitate to contact me before the introductory meeting.
Inhalt:
With the appearance of firm-level data sets in the mid-90s, researchers noticed that only a small
fraction of firms - the largest and most productive ones - participate in international markets
through exports. Extending the Krugman (1980) model to allow for firms with heterogeneous
productivity, the seminal contribution by Melitz (2003) started an active and innovative
literature in which empirical and theoretical work are strongly linked. In this seminar, we will
study applications of the Melitz (2003) model to various topics. The research we cover asks
questions such as: What is the role of credit constraint in firm-level export decisions? How do
firms choose between different modes of market access, such as exporting and foreign direct
investment (FDI)? Does trade liberalization lead to technological upgrading in firms? What is the
role of product quality in international trade flows? We will discuss these and similar questions
about firms in international markets with a focus on research that combines a theoretical model
with evidence from (mostly) firm-level data.
Empfohlene Literatur:
• Bernard, A. B., J. B. Jensen, S. J. Redding and P. K. Schott (2007). “Firms in International
Trade.” Journal of Economic Perspectives 21(3), pp. 105-130.
• Melitz, M. J. (2003). “The Impact of Trade on Intra-Industry Reallocations and Aggregate
Industry Productivity.” Econometrica 71, pp. 1695-1725.
• Melitz, M. J. and S. J. Redding (2014). “Heterogeneous Firms and Trade” In: Handbook of
International Economics, Vol. 4, ed. Gopinath, G., Helpman, E. and Rogoff K., Elsevier, pp. 1-54.
• Melitz, M. J. and D. Trefler (2012). “Gains from Trade when Firms Matter.” Journal of
Economic Perspectives 26(2), pp. 91-118. Here is a preliminary list of applied papers that may
form the basis of a seminar paper.
• Antàs, P. and E. Helpman (2004). “Global Sourcing.” Journal of Political Economy 112(3), pp.
552-580.
• Arkolakis, C. (2011). “Market Penetration Costs and the New Consumers Margin in
International Trade.” Journal of Political Economy 118(6), pp. 1151-1199.
• Atkin, D., A. Khandelwal and A. Osman (2017). “Exporting and Firm Performance: Evidence
from a Randomized Experiment.” Quarterly Journal of Economics 132(2), pp. 551-615.
• Baldwin, R. and J. Harrigan (2011). “Zeros, Quality, and Space: Trade Theory and Trade
Evidence.” American Economic Journal: Microeconomics 3(2), pp. 60-88.
• Bustos, P. (2011). “Trade Liberalization, Exports, and Technology Upgrading: Evidence on the
Impact of MERCOSUR on Argentinian Firms.” American Economic Review 101, pp. 304-340.
• Chaney, T. (2008). “Distorted Gravity: The Intensive and Extensive Margins of International
Trade.” American Economic Review 98(4), pp. 1707-1721.
• Helpman, E., M. J. Melitz and S. Yeaple (2004). “Export Versus FDI with Heterogeneous Firms.”
American Economic Review 94, pp. 300-316.
• Kugler, M. and E. Verhoogen (2012). “Prices, Plant Size, and Product Quality.” Review of
Economic Studies 79, pp. 307-339.
• Manova, K. (2013). “Credit Constraints, Heterogeneous Firms, and International Trade.”
Review of Economic Studies 80, pp. 711-744.
• Manova, K., S. Wei and Z. Zhang (2015). “Firm Exports and Multinational Activity under Credit
Constraints.” Review of Economics and Statistics 97(3), pp. 574-588. 4
• Melitz, M. J. and G. I. P. Ottaviano (2008). “Market Size, Trade, and Productivity.” Review of
Economic Studies 75, pp. 295-316.
• Minetti, R. and S. Zhu (2011). “Credit Constraints and Firm Export: Microeconomic Evidence
from Italy.” Journal of International Economics 83(2), pp. 109-125.
• Tomiura, E. (2007). “Foreign Outsourcing, Export, and FDI: A Productivity Comparison at the
Firm Level.” Journal of International Economics 72(1), pp. 113-127.
Digitale Lehre:
The seminar will take place online. We will conduct the introductory meeting as well as all
bilateral meetings and the presentations online using MS Teams. Once you are registered to the
seminar, I will invite you to join the seminar’s group in MS Teams. We will discuss details of the
seminar paper topics, assignment of topics as well as all further organizational issues including
formal requirements of the seminar paper in the introductory meeting.
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