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Summary: Service Exports And The Us Trade Deficit, Joao F. Gomes Sep 2019

Summary: Service Exports And The Us Trade Deficit, Joao F. Gomes

Wharton PPI B-School for Public Policy Seminar Summaries

A trade deficit is defined by the amount by which a country’s imports exceeds the value of its exports. The US has consistently held a trade deficit since the 1970s; as of the end of 2016, the deficit had risen to $502 billion. This trade deficit has been a “political hot potato,” particularly with respect to China, on the assumption that a sustained deficit weakens the overall economy. But is that accurate? In this B-School for Public Policy Seminar Summary, Professor Gomes takes a closer look at the economics of boosting service exports as a means of rebalancing the ...


Roads And Trade In Colombia, Gilles Duranton Mar 2015

Roads And Trade In Colombia, Gilles Duranton

Real Estate Papers

I estimate the effect of major roads within and between cities on the level and composition of trade for Colombian cities. I confirm that road distance between cities is a major impediment to trade. In addition, major roads within cities have a large effect on a city׳s exports and imports with an elasticity of approximately 0.20 estimated with ols and up to 0.50 with iv. If anything, the effects are stronger for the value than for the weight of exports. I interpret these results as city roads shifting economic activity in cities towards the production of tradable ...


A Survey In Network Economics: Spam Email, Internet Routing, Graphical Economics, And International Trade, Mark E. Haase Jan 2005

A Survey In Network Economics: Spam Email, Internet Routing, Graphical Economics, And International Trade, Mark E. Haase

Honors Theses (PPE)

A survey of current topics in network economics, a relatively new and growing field of research at the intersection of economics and network theory. Case studies in spam email, Internet routing, and graphical economics are presented as practical applications. A network economic analysis of international trade is also offered. Most of the current literature addresses a highly technical audience. This paper intends to bridge the gap by presenting network economics in language that will be familiar to students of economics.