Empirical research in international economics is characterized by a
tight link between economic theory and econometric specifications. The
course will introduce the structural approach to empirical research
using the gravity model of international trade, which is the
workhorse model in empirical trade research. Based on a theoretical
derivation of the model, students will learn both how to estimate the
corresponding structural econometric model and how to use the model to
perform counterfactual policy analyses. Using the trade gravity
expression as a starting point, closely related models for example for
international migration, FDI flows, or carbon emissions embodied in
international trade will also be considered.
- Kursleiter:in: Prof. Dr. Joschka Wanner