ECON 442: Quantitative Trade Models
Course Information
Time: 10:00–11:15am Sun, Tues; 5:00-6:15pm Wed
Location: LA12
Website: http://rossbach.georgetown.domains/econ442.html
Office: 0D25
Contact: jack.rossbach@georgetown.edu
Lecture Notes & Slides
Setting Up and Using R
This class will use DataCamp to support learning R (DataCamp Blurb)
RStudio: Download and install this (requires R)
Basics of R Programming
General R Programming Notes
Notes on Solving Systems of Equations with R (Newton's Method Examples, Slides for In-Class Exercise)
R Exercises and solutions (Rfiddle code for Q1, Q2, Q3)
Basic Ricardian Models
Review of Graphical Ricardian Model
Formalization of Ricardian Model
Solving the Free Trade Equilibrium in Ricardian Model
Practice Quiz (Solutions)
Slides for Computing Autarky Equilibrium in R (Template R Code for Autarky; R Code for Autarky)
Template R Code for 2X2 Case
Midterm Guide
Trade Policy
Instruments of Trade Policy
Winners and Losers from Trade
Partial Equilibrium versus General Equilibrium Models
Trade Costs and Many-Good Ricardian Models
Evaluating Model Predictions for NAFTA
Kehoe&Kehoe (1994) Primer on AGE Models
Gravity Models
Gravity Regressions
MultiDimensional Ricardian Models (Eaton-Kortum) (RScript for Frechet Distributions)
Graduate Trade Notes (New Trade Models, Same Old Gains)
Asymmetric Trade Costs
Heterogeneous Firms
Slides on Heterogeneous Firms
Excel Spreadsheet for Melitz Model (from Timothy Kehoe)
Data Sources
- Bilateral Trade Flows
- Comtrade: http://comtrade.un.org/ (personally prefer http://comtrade.un.org/db/dqQuickQuery.aspx)
- World Integrated Trade Solution (WITS): http://wits.worldbank.org/
- OECD's STAN Database for Structural Analysis: https://stats.oecd.org/Index.aspx?DataSetCode=BTDIXE
- Concordances: http://www.macalester.edu/research/economics/PAGE/HAVEMAN/Trade.Resources/TradeConcordances.html and http://unstats.un.org/unsd/cr/registry/regot.asp?Lg=1
- Bilateral Tariff and Gravity Data
- Trade Analysis and Information System (TRAINS), accessed through WITS: http://wits.worldbank.org/
- CEPII Gravity Dataset: http://www.cepii.fr/CEPII/en/bdd_modele/presentation.asp?id=8
- Country-level Data
- World Development Indicators: http://databank.worldbank.org/data/home.aspx
- OECD Databases: http://stats.oecd.org/ and http://www.oecd-ilibrary.org
- IMF's International Financial Statistics (IFS) and Other Databases: http://data.imf.org
- Penn World Table (PPP Data): http://www.rug.nl/research/ggdc/data/pwt/
- Total Economy Database (Hour Worked Data): https://www.conference-board.org/data/economydatabase/index.cfm?id=27762
- Integrated Public Use Microdata Series (IPUMS), International: https://international.ipums.org/international/
- Misc Data
- Wharton Research Data Service (WRDS): http://wrds.wharton.upenn.edu/ (Several databases that may be of interest, including information on stocks, bonds, and firm-level financials)
- World Bank Enterprise Surveys (firm level survey data): http://www.enterprisesurveys.org/data/survey-datasets
- World Input-Output Tables (WIOD): http://www.wiod.org/new_site/database/wiots.htm