PA 856: Trade, Competition, and Governance in a Global Economy

Course Materials and Sources of Economic Information

Downloadable Course Materials

• Lecture 1 (1/26) [link]
• Lecture 3-4 (2/2-2/7) [link]
• Lecture 5 (2/9) [link]
• Problem Set 1 (due 2/16) [link]
• "Factor Proportions and Factor Price Equalization" [link] i
• Lectures 6-7 (2/14-16) [link]
• Problem Set 1 Answers (due 2/16) [link]
• Problem Set 2 (due 2/28) [link]
• Spring 2020 Midterm 1 [link]
• Lectures 9-10 (2/23-28) [link]
• Lectures 11-13 (3/2-3/9) [link]
• Problem Set 2 Answers (due 2/28) [link]
• Midterm 1 Answers [link]
• Midterm 1 Statistics/Histogram [link]
• Lectures 14-15 (3/21-23) [link]
• Problem Set 3 (due 3/28 3/30) [link]
• Lecture 16 (3/28) [link]
• Lecture 17 (3/30) [link]
• Term Paper/Memo (due 5/5 5/9) [link]
• Problem Set 3 answers (due 3/30) [link]
• Lectures 18-19 (4/4-4/6) [link]
• Lectures 20-21 (4/11-4/13) [link]
• Lectures 22 (4/18) [link]
• Spring 2020 Midterm 2 [link]
• Problem Set 4 (due 4/25) [link]
• Lectures 23 (4/20) [link]
• Lectures 24 (4/25) [link]
• Problem Set 4 Answers (due 4/25) [link]
• Midterm 2 Answers [link]
• Midterm 2 Statistics/Histogram [link]

Required Readings

• Harrison Harrison, "The Changing Landscape of International Trade," Jackson Hole Economic Policy Symposium 2017.
• Cr Crowley, 2003, "An introduction to the WTO and GATT," Economic Perspectives 2003Q4.
• Amiti1 Amiti, Redding, Weinstein, "The Impact of the 2018 Tariffs on Prices and Welfare," Journal of Economic Perspectives (2019).
• Amiti2 Amiti, Redding, Weinstein, "Who's Paying for the US Tariffs? A Longer-Term Perspective," NBER WP 26610
• EcFact1 Chinn, "What is the national security rationale for steel and aluminum protection," EconoFact, June 6, 2018
• CRS 232 CRS, Section 232 Investigations: Overview and Issues for Congress (February 2020)
• MIC2025 McBride, Chatzky, "Is 'Made in China 2025' a Threat to Global Trade?" CFR Backgrounder, May 2019.
• CBO PTA CBO, "How Preferential Trade Agreements Affect the U.S. Economy," CBO Report (September 2016).
• CRS TPP CRS, The Trans-Pacific Partnership (TPP): In Brief
• PP Petri & Plummer, "China Should Join the New Trans-Pacific Partnership," PIIE (2019)
• CRS FDI1 CRS, Foreign Direct Investment in the United States: An Economic Analysis
• CRS FDI2 CRS, U.S. Direct Investment Abroad: Trends and Current Issues
• CRS Brexit CRS, Brexit: Overview, Trade, and Northern Ireland (March 2021)]
• ADH Autor, Dorn, Hanson, "The China Syndrome," AER (2013)
• WWYZ Wang, Wei, Yu, Zhu, Re-examining the Effects of Trading with China on Local Labor Markets (2018)
• FH Feenstra and Hanson, "Global Production Sharing and Rising Inequality: A Survey of Trade and Wages," June 2001, forthcoming in Kwan Choi and James Harrigan, eds., Handbook of International Trade, Basil Blackwell.

Additional Readings

• Drezner, 2011, "Sanctions Sometimes Smart: Targeted Sanctions in Theory and Practice," International Studies Review.
• Peksen, 2019, "When Do Imposed Economic Sanctions Work? A Critical Review of the Sanctions Effectiveness Literature," Defense and Peace Economics.

• USTR, 2021 Report to Congress on China's WTO Compliance, February 2022.
• Morrison, Wayne, "The Made in China 2025 Initiative: Economic Implications for the United States," In Focus, April 12, 2019.
• USTR, "Economic and Trade Agreement Between the Government of the United States and the Government of the People's Republic of China" (1/15/2020)

• Altig, "New Evidence Points to Mounting Trade Policy Effects on U.S. Business Activity," Macroblog/Atlanta Fed, Nov. 1, 2019
• Caldara, et al., "The Economic Effects of Trade Policy Uncertainty," IFDP (2019).

• Flaaen, Pierce, "Disentangling the Effects of the 2018-2019 Tariffs on a Globally Connected U.S. Manufacturing Sector," FEDS (2019).
• Fajgenbaum, Goldberg, Kennedy, Khandelwal, "The Return to Protectionism," mimeo, October 2019

• Department of Commerce Bureau of Industry and Security Section 232 Investigations

• Michael O. Moore, "Steel Protection in the 1980s: The Waning Influence of Big Steel?" The Political Economy of American Trade Policy, Anne O. Krueger, ed. (Chicago, 1996).
• Robert Crandall, "The Effects of U.S. Trade Protection for Autos and Steel," BPEA 1987.

• Villareal, Fergusson, "In Focus: US-Mexico-Canada (USMCA) Trade Agreement," Congressional Research Service, January 30, 2020.
• US ITC "U.S.-Mexico-Canada Trade Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors," April 2019.
• Cimino-Isaacs, Sutherland, "Insight: The Regional Comprehensive Economic Partnership: Status and Recent Developments," CRS, Nov. 19, 2019.
• WTO webpage on Regional Trade Agreements
• CBO, How Preferential Trade Agreements Affect the U.S. Economy (September 2016).
• "United States-Mexico-Canada Agreement (USMCA)," CRS Report (Dec 28, 2021).
• CBO, "Effects of NAFTA on US-Mexican Trade and GDP," (2003)
• Mohammed Aly Sergie "NAFTA's Economic Impact," A CFR Backgrounder (2014)

• Petri, Plummer, Urata, Zhai, "Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States," WP 17-10 (Peterson IIE: October 2017).
• Assessing the Trans-Pacific Partnership, Vol.1, PIIE Briefing 16-1
• Petri, Plummer, "The Economic Effects of the Trans-Pacific Partnership: New Estimates," PIIE working paper 16-2 (January 2016)
• CRS, Regional Comprehensive Economic Partnership (RCEP), In Focus (August 5, 2021).
• CRS, Biden Administration Plans for an Indo-Pacific Economic Framework, In Brief (Feb 22, 2022).

• CBO, "The Foreign-Born Population and Its Effects on the U.S. Economy and the Federal Budget—An Overview," January 2020.
• Jynnah Radford, "Key findings about U.S. immigrants," FactTank, Pew Charitable Trust, June 17, 2019.
• Blau, Donehower, "Do Immigrants Cost Native-Born Taxpayers Money?" EconoFact, July 26, 2017.
• Watson, "Do Undocumented Immigrants Overuse Government Benefits?" EconoFact, March 28, 2017.
• Economic and Fiscal Consequences of Immigration: Consensus Study Report, National Academies Press, 2017.

• Jackson, Akhtar, Mix, "The Economic Implications of Exit of the United Kingdom from the European Union," CRS Report R44559 (February 13, 2020).
• Latorre, Olekseyuk, Yonezawa, and Robinson, "Brexit: Everyone Loses, but Britain Loses the Most," Peterson Institute for International Economics Working Paper 19-5 (March, 2019).
• Treasury Brexit Analysis, draft.
• CFR Backgrounders: What Brexit Means
• Armstrong, Portes, "Commentary: The Economic Consequences of Leaving the EU," NIESR Review No. 236 (May 2016).
• HM Government, "Alternatives to Membership - Possible Models for the United Kingdom Outside the European Union," March 2016.

• Franco, Chiara, Francesco Rentocchini, and Giuseppe Vittucci Marzetti. "Motives Underlying Foreign Direct Investments: A Primer." In Proceedings of the 5th International Conference on Innovation & Management,(vols I and II, pp. 2329-2345). Wuhan University Technology Press. 2008.
• UNCTAD page on Bilateral Investment Treaties
• UNCTAD, World Investment Report, 2021
• Jackson, "CFIUS: New Foreign Investment Review Regulations," InFocus, May 28, 2020.
• Jackson, "CFIUS," CRS Report, Feb 26, 2020.
• Masters, "Foreign Investment and U.S. National Security," Council on Foreign Relations (August 2018).

• Harrison, The Changing Landscape of International Trade: Protectionism, Bashing China and the American Worker," Jackson Hole Symposium 2017.
• Hummels, Munch, Xiong, "Offshoring and Labor Markets," Journal of Economic Literature (2018).
• Sutter, Schwarzenberg, Sutherland, "COVID-19: China Medical Supply Chains and Broader Trade Issues," CRS Report R46304 (April 6, 2020).
• Hart, "COVID-19: An Overview of Trade-Related Measures to Address Access to Medical Goods," Legal Sidebar (March 2020).
• Economic Report of the President, 2022, see Chapter 3: "Building Resilient Supply Chains".
• IMF, World Economic Outlook, April 2022, Chapter 4: "Global Trade and Value Chains in International Trade"

• Sargent, Sutter, "Semiconductors, CHIPS for America, and Appropriations in the U.S. Innovation and Competition Act (S. 1260)," InFocus (January 13, 2022).
• Platzer, Sargent, Sutter, "Semiconductors: U.S. Industry, Global Competition, and Federal Policy," CRS Report (October 26, 2020).

• Bolle, "Worker Rights Provisions in Free Trade Agreements," CRS Report (Dec 2020).

• R. Johnson, "Sanitary and Phytosanitary (SPS) and Related Non-Tariff Barriers to Agricultural Trade," CRS Report, March 2014
• L. Iacovone, Analysis and Impact of Sanitary and Phytosanitary Measures," undated

• WTO page on agriculture
• Chinn, "Threats to US Agriculture from US Trade Policies," EconoFact, Aug 2018.
• CBO, "Policies That Distort World Agricultural Trade: Prevalence and Magnitude," CBO Paper (August 2005)

• Sanford, "Currency Exchange Rate Policies and the World Trade Organization Subsidies Agreement," CRS In Focus (May 2016)
• Gagnon and Bergsten, "The New US Currency Policy," Realtime Economic Issues (April 29, 2016)

• Morrison, "The Made in China 2025 Initiative: Economic Implications for the United States," InFocus CRS, April 2019.
• Furman, Russ, and Shambaugh, "US Tariffs Are and Arbitrary and Regressive Tax," VoxEU (12 January 2017).
• Richard Baldwin, "The World Trade Organization and the Future of Multilateralism," Journal of Economic Perspectives 30(1) (2016)
• Mankiw and Swagel, "The Politics and Economics of Offshore Outsourcing," paper presented at Carnegie-Rochester conference, November 18, 2005.
• Edwin Vermulst, "Section 3.6: Anti-dumping," Dispute Settlement (UNCTAD: New York and Geneva, 2003).
• WTO webpage on Antidumping, Countervailing Duties, and Safeguards.
• WTO webpage on TRIPS

News

• Politico Morning Trade briefing
• "Peter Navarro is about to become one of the world's most powerful economists," Economist 18 Jan 2017

News Sources

• New York Times
• Washington Post
• Wall Street Journal
• BBC news
• Reuters
• Bloomberg
• The Economist

Trade Economists

• NBER International Trade and Investment program economists
• Douglas Irwin, Dartmouth College
• Andrew Bernard, Dartmouth College
• Bruce Blonigen, University of Oregon
• Chad Bown, Peterson Institute for International Economics
• Gordon Hanson, UCSD

Weblogs

• The Trade Post, World Bank trade blog
• Dani Rodrik's Blog
• International Economic Law and Policy Blog: Primarily legal issues.
• Econbrowser: Mostly macro, but some trade.

Economics and Economic Policy Links

• Resources for Economists Extensive links to data sources, working papers and organizations.
• Peter G. Peterson Institute for International Economics
• Brookings Institution
• Harvard University Center for International Development Global Trade Negotiations page
• Center for Global Development
• American Enterprise Institute
• Economic Policy Institute

U.S. Government Agencies

• White House Office of the U.S. Trade Representative
• White House Council of Economic Advisers
• Department of Commerce International Trade Administration
• U.S. International Trade Commission
• Congressional Budget Office

International Organizations

• The World Trade Organization
• The OECD Trade website
• UN Conference on Trade and Development
• UNCTAD/WTO International Trade Center
• The World Bank
• The World Bank International Trade website

Current and Historical Data

• World Bank Trade Data page
• Bureau of Economic Analysis, Dept. of Commerce Data on GDP components as well as trade and FDI flows
• Bureau of the Census, Dept. of Commerce Data on the characteristics of the US population as well as of US firms.
• Bureau of Labor Statistics, Dept. of Labor Data on wages, prices (including imported goods), productivity in the US and abroad, and employment and unemployment rates.
• Economic Report of the President, various years. The back portion of this annual publication contains about 70 tables of government economic data.
• St. Louis Fed economic database Thousands of time series on economic activity, in an easily downloadable form.
• NBER Data Specialized economic databases, including trade related, created by economists associated with the National Bureau of Economic Research.
• Penn World Tables Annual GDP and other data for over a hundred countries, expressed in international dollars, after adjusting for differing price levels.