Welfare Implications of Trade and Growth: from Theory to Measurement

Ariel Burstein, UCLA

September 9 – 13, 2024

What are the aggregate and distributional consequences of international trade? What are the implications of structural transformation for aggregate productivity growth? How does the input-output network impact firm-level shocks and impact on aggregate productivity, and how does supplier entry and exit contribute to economic growth? In these contexts, how should welfare be measured? Do measures of growth and inflation capture changes in welfare when preferences are heterogeneous and non-homothetic across households? How can we construct dynamic welfare measures that take into account current and future economic conditions? In this phd-level course, Prof. Burstein will overview basic frameworks that can be used to provide quantitative answers to these questions. He will also discuss how we can use data to build both static and dynamic welfare-relevant measures of economic growth and inflation across the income distribution. His lectures will be based on his recent research on these topics.

Ariel Burstein is a Professor of Economics. His research focuses on trade and international macroeconomics. Recent projects study the impact of trade on the college wage premium and on firms incentives to innovate, and the impact of immigration on labor market outcomes. His work has been published in the American Economic Review, the Journal of Political Economy and the Quarterly Journal of Economics. He has served as Co-Editor at the Journal of International Economics and Associate Editor at the American Economic Review, the Journal of Economic Theory and the Review of Economic Dynamics.

Application

The application deadline ended on June 26, 2024.

Admission and Registration

The Study Center communicates admission decision by the end of July, 2024, and sends participants the corresponding invoice. The registration form will be sent after the Center receives the payment of the course fee.