International Trade and Gravity Equations

Trade economists often take the size and internal geography of countries and regions as given when estimating the impact of policy on international trade. During his stay at CES, Dennis Novy will work on the problem of spatial aggregation in international trade. He will also explore how estimates from the literature are systematically dependent on sample properties, and how policy makers should interpret those estimates for individual countries.

While at CES, Mr Novy will also deliver three lectures on international trade and gravity equations. He will provide an overview of the main frameworks for estimating international trade flows and will also present recent empirical research findings in that literature, pointing towards future research avenues.

Dennis Novy is Associate Professor of Economics at the University of Warwick. He is also a research affiliate at the Centre for Economic Policy Research (CEPR) and an associate at the Centre for Economic Performance (CEP) at the London School of Economics. He received a PhD from the University of Cambridge and works in the fields of international trade, international economics and macroeconomics. Mr Novy has been a recent visitor at the Federal Reserve Bank of New York, the Federal Reserve Bank of St. Louis and the University of California, Davis. He has worked as the Specialist Adviser to the UK House of Lords for their inquiry into the Transatlantic Trade and Investment Partnership (TTIP).