Yoto V. Yotov

Our paper "Should we stay or should we go?" has been nominated for the ONS People’s Choice Award!

Shall we win it or shall we lose? Totally up to you - but here’s the link to vote 😉
forms.office.com/pages/respon...

Muy contento de compartir el capítulo "Gravity for Undergrads" en español. Muchas gracias a los profesores Carril-Caccia y Paniagua (
@jordipaniagua.bsky.social
‬), que se ofrecieron voluntariamente a aportar este bien público al alumnado hispanohablante. 💪

ideas.repec.org/p/drx/wpaper...

很高兴和大家分享中文版的《写给大学生的贸易引力模型》！非常感谢權五顯
@Ekwonomist
和余淼杰教授的翻译工作，让更多中国学生受益。希望对大家有所帮助。引力万岁！💪

ideas.repec.org/p/drx/wpaper...

「学部生のための重力モデル」を日本語で共有できてとても嬉しく思います！こ
の公共財を日本の学生のために提供してくれた板倉教授、木股君、内田教授に心
より感謝します。みなさんのお役に立てれば幸いです。重力モデル最高！💪

ideas.repec.org/p/drx/wpaper...

Very grateful to Professors Carril-Caccia, Itakura, Kimata, Kwon, Paniagua (@jordipaniagua.bsky.social), Uchida, and Yu for volunteering to translate the “Gravity for Undergrads” Chapter into Chinese, Japanese, and Spanish. We hope this is useful to many students.

ideas.repec.org/p/drx/wpaper...

If you teach an undergrad international trade course and want some hands-on experience with real data & Stata or R, consider my “Gravity for Undergrads” Chapter. It may be useful in econometrics, undergrad seminars, and undergrad theses. Gravity Rules 💪

yotoyotov.com/Gravity_Unde...

Gravity for Undergrads La ecuación de gravedad es el modelo de referencia en el comercio internacional y la herramienta más utilizada para el análisis de políticas comerciales. No obstante, a pesar de sus sólidas bases teór

Contento de compartir la siguiente guía en español para la estimación de modelos de gravedad elaborada por @yotoyotov.bsky.social y traducida por @jordipaniagua.bsky.social y yo.
La guía se puede descargar aquí: ideas.repec.org/p/drx/wpaper...
Los datos y código aquí: yotoyotov.com/Gravity_Unde...

🇪🇸🇪🇸 Muy contento de compartir el capítulo "Gravity for Undergrads" en español. Muchas gracias a los profesores Carril-Caccia y Paniagua (@jordipaniagua.bsky.social‬), que se ofrecieron voluntariamente a aportar este bien público al alumnado hispanohablante. 🙏💪 🇪🇸

ideas.repec.org/p/drx/wpaper...

Thanks a lot, Nathan, and I hope you are well! Most credit goes to the amazing Arne and Fernando.

Arne, Fernando, and I are happy to share the updated version of the “jwdid” command for heterogeneity-robust estimations with non-linear outcomes and high-dimensional fixed effects, along with the corresponding paper. We hope it is useful.

ideas.repec.org/p/drx/wpaper...

Happy to see our survey on #sanctions with
@gfelbermayr.bsky.social, Cliff Morgan, and Costas Syropoulos published at the Annual Review of Economics.

go.shr.lc/3Rtj9dP

Peter Eppinger - GEN Workshop I am co-organizing the annual Global Economic Networks (GEN) Workshop series. The aim of the GEN Workshops is to bring together scholars interested in international trade, multinational firms, and glo...

So looking forward to our Global Ecoonomic Networks Workshop next week at Lake Como!

The exciting program is now availbale via:
sites.google.com/site/peterep...

Good news on trade. Arne, Mario, Philipp and I construct a dataset on ‘trade specialists’. We find that the trade costs for the specialists are four times lower than for non-specialists. The corresponding welfare gain from globally efficient trade is 80%!

Graph of the prevalence of US dollar anchoring over time. There is a sharp drop after 1971. The collapse of the Bretton Woods system has traditionally been cited as heralding a major shift towards floating exchange rates. The extent of this transition has recently been challenged. This column introduces a new index of global exchange rate fixity which is invariant to country boundaries and accounts for indirect relationships. It finds that global anchoring to the US dollar fell sharply after 1971, and global exchange rate fixity is now only about one-third of the Bretton Woods level. This potentially sheds new light on other important secular trends, including the dominant currency paradigm and the global financial cycle.

@kevinhorourke.bsky.social & Roger Vicquery introduce a new index of global exchange rate fixity and find that global anchoring to the US dollar fell sharply after 1971, and global exchange rate fixity is now only about one-third of the Bretton Woods level.
cepr.org/voxeu/column...
#EconSky

📢NEW DATA! Happy to share the new release of the International Trade and Production Database for Estimation - ITPD-E-R03. Thanks to my co-authors Mario Larch & Serge Shikher and to the USITC!

For details: ideas.repec.org/p/drx/wpaper...

Enjoy the data and have a great summer!

Sloppy headline. Of course, they were down in April -- because they were WAY up in March ahead of the (potential?) tariffs. It even goes on to say "However when compared with April 2024, goods exports were still up by €2.5 billion." Sorry to spoil your story with your OWN story.

Using a new data on international and domestic languages, we argue that having a uniform language within a country leads to significant welfare gains, however, the gains from bilingualism are even lerger.

Thanks for all your valuable service to the profession!

RePEc has no staff, thus we rely on volunteers and some self-help by users: publishers index their works, authors maintain their online profile, so that volunteers can take care of the rest. Thanks for doing your part.

repec.org

#RePEc #EconSky

It was an honor and a great pleasure!

Javier Flórez (@pseud0safari.bsky.social), Mario Larch, Sebastien Bradley, and I are very happy share the update of the most disaggregated dataset of consistently constructed international and domestic trade flows -- GRANTPA.

So, let’s estimate GRAVITY with GRANTPA.

ideas.repec.org/p/drx/wpaper...

🚨🚨Good news for the EU! The great Lionel Fontagné & I propose new measures of the potential of trade blocs. An EU application shows that the EU has been very successful, but only half of the potential gains from the EU have been realized to date.👇

ideas.repec.org/p/drx/wpaper...

‪@ec.europa.eu‬

Two sad news for science this weekend:

1. The (allegedly) fraudulent paper by the MIT student 👇

thebsdetector.substack.com/p/ai-materia...

2. And the revelation that one can buy citations at Google Scholar 👇

arxiv.org/abs/2402.04607

On the bright side ... I am going fishing

Despite the current challenges and prior doubts regarding the ability of GATT/WTO to promote international trade, the evidence from our meta-analysis is that the WTO/GATT effects on trade have been positive and significant. Happy 30th anniversary & thanks, GATT/WTO!

ideas.repec.org/p/drx/wpaper...

Thanks a lot, Paul!

🚨 GRAVITY for UNDERGRADS🚨

Very happy to share “Gravity for Undergrads” - a Chapter, designed to introduce the gravity model to undergrads and novices in trade. It comes with data and code in Stata & R. I hope it is useful. Gravity rules 💪

yotoyotov.com/Gravity_Unde...

🚨NEW COURSE🚨 Want to learn how to quantify the partial and general equilibrium effects of trade and other policies (e.g., tariffs, sanctions)? If so, consider taking my course on trade policy analysis with structural gravity. For more information visit: yotoyotov.com/gravity.html

A great threat on tariffs by one of the best trade economists of our time. Thanks, John!

I'm seeing a huge spike in interest in tariffs from people who normally don't work in the economics of international trade. Here are a few useful things to know about them. (1/14)

For no particular reason, it might be a good time to repost my Starter pack of academic economists who study international trade

go.bsky.app/G3dqAYg