a practical course on
international trade modeling
Trade policy with the structural gravity model
You will learn how to analyze trade policy using the gravity model of international trade, a widely-used tool in economic analysis. Rigorous theoretical exposition will be combined with a series of applications and empirical exercises to offer a comprehensive and balanced learning experience. The course will provide a practical guide to trade policy analysis with the structural gravity model. Applications include estimation of the partial equilibrium (PE) and general equilibrium (GE) effects of tariffs and trade agreements within the same theory-consistent framework.
The prerequisites for this course include Master-level microeconomic analysis and Master-level econometric analysis. Previous experience with either Stata, Python, or Matlab including data manipulation and use of canned estimation commands is also required. Advanced undergraduate-level or Master-level knowledge of international trade is not a formal prerequisite but will be a very beneficial asset to the participants in this course. The course structure and content accommodates students with a wide range of backgrounds.
- The Gravity Model of International Trade: Foundations.
- Estimating Structural Gravity: Challenges, Solutions, and Applications.
- Gravity Data and Structural Gravity Estimation with Stata and Python. *
- Estimating Structural Gravity: Applications. *
- General Equilibrium Analysis with the Gravity.
- GE Structural Gravity Analysis with Stata, Python, and Matlab. *
- GE Analysis with the Structural Gravity model: Applications. *
- Nested Gravity: A Dynamic Gravity Model of Trade and Growth. Trade and FDI with Dynamics.
* Course sessions with hands-on practice in Stata, Python, or Matlab.
* Free temporary Stata licenses are available for the duration of the course.
ABOUT The instructors
Yoto V. Yotov, Ph.D. is a Professor of Economics at Drexel University and a Research Professor at the ifo Institute, Munich. His research contributions in the area of trade policy analysis with the gravity model appear in leading economic journals including The American Economic Review, The Journal of International Economics, and The International Economic Review. Professor Yotov has consulted for the World Trade Organization, World Bank, European Commission, United Nations, U.S. government, and Canadian government. He wrote “An Advanced Guide to Trade Policy Analysis: The Structural Gravity Model” (published by UN and WTO) and taught intensive gravity courses at many universities, international organizations, government agencies, and think tanks around the globe. He holds a Ph.D. in Economics from Boston College.
Serge Shikher, Ph.D. is a Lead International Economist in the Research Division of the U.S. International Trade Commission. He leads the gravity modeling group at the USITC, which develops the gravity modeling environment (GME) software and data package. Dr. Shikher led the project investigating the impact of the new U.S.-Mexico-Canada Agreement. His recent research projects investigate the impact of trade policies on the trade balance, examine gender and income inequality in U.S. tariff burden, and evaluate the accuracy of forecasted effects of trade agreements. His papers have been published in top economics journals. Dr. Shikher taught undergraduate and graduate courses at Boston University and Suffolk University in Boston. He received a B.S. in Economics from Purdue University and a Ph.D. in Economics from Boston University.