Major fields: Development economics, international trade
Minor fields: Applied microeconomics, economics and public policy
Winners and Losers from a Commodities-for-Manufactures Trade Boom
(with Francisco JM Costa and João Paulo Pessoa)
Journal of International Economics 102, pp. 50-69
Online appendix Concordances and replication files
A recent boom in commodities-for-manufactures trade between China and other developing countries has led to much concern about the losers from rising import competition in manufacturing, but little attention on the winners from growing Chinese demand for commodities. Using census data for Brazil, we find that local labour markets more affected by Chinese import competition experienced slower growth in manufacturing wages between 2000 and 2010. However, we observe faster wage growth in locations benefiting from rising Chinese commodity demand during the same period.
The Persistence of Trade Policy in China After WTO Accession
China export restrictions data
Import tariffs have fallen steeply worldwide over the last several decades, but has trade policy persisted through a rise in the use of other instruments? I study this question in the context of China's 2001 accession to the World Trade Organization, using panel data on Chinese export policies. I find that after its entry into WTO, the distribution of China's export restrictions across industries increasingly resembles the inverse of its pre-WTO import tariff schedule. The evidence suggests that increases in export restrictions are likely to have partly restored China's pre-WTO pattern of industrial protection.
On Target? The Incidence of Sanctions Across Listed Firms in Iran
(with Mirko Draca, Leanne Stickland and Nele Warrinnier)
An important feature of modern economic sanctions regimes is ‘targeting’, in which sanctions policies are designed to induce steeper impacts on key economic interests close to the political decision-making process. In this paper, we provide evidence on the effectiveness of targeting in the case of international sanctions on Iran. Using an event study methodology, we compare the abnormal returns of targeted and nontargeted Iranian firms listed on the Tehran Stock Exchange around the time of sanctions-related events. We find that the November 2013 breakthrough in diplomatic negotiations over Iran's nuclear programme and international sanctions results in relatively higher abnormal returns for firms more closely connected to the Iranian regime, consistent with successful targeting of sanctions across listed firms.
ECO3151 - Introduction to Econometrics (undergraduate)
ECO4117 - Development Economics (undergraduate)
ECO6170 - Theory of Economic Development (graduate)