Seminars

Growth and job creation are increasingly linked to each economy’s ability to expand the quantity and quality of its exports. The global economy provides extraordinary opportunities for improving welfare but also poses profound challenges: countries must continuously revise and strengthen their competitive advantages and expand the number and size of their exporting firms. Doing so is even more crucial in countries like Spain, where large debt ratios held by the public and private sectors will in the near future prevent a solid expansion of the domestic demand. How countries build a large and diversified exporting sector is still only partially understood. Also, we are still discovering new aspects and consequences of the recent dynamics of the international division of labor.

This workshop will provide a forum for discussing cutting-edge research on trade and growth from both the theoretical and empirical viewpoints. The papers to be presented cover a wide array of issues such as: the productivity gains generated by the dynamics of firm selection, the increasing within-industry specialization of countries due to offshoring, the dynamics of the world relocation of production and its impact on growth across countries, the effect of exporting firms’ decisions on the dispersion of wages and productivity, the interplay between financial development, financial frictions and exports, and the response of trade to changes in tariffs.