TRADE Globalization, firms and trade policies - PSE SUMMER SCHOOL - Paris School of Economics

From June 24 to June 28, 2019

TRADE
Globalization, firms
and trade policies

PSE SUMMER SCHOOL
www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2019                                                                                 .           TRADE

TRADE
Globalization, firms and trade policies
From June 24 to June 28, 2019

OVERVIEW
This programme addresses recent debates at the frontier of the field: globalization, the distributive effects of trade, the
role of large firms in the global economy, advances in methods to analyze firm level export data and finally the revival of
trade policies:
          ‐ Trade Policy I (Mathieu Parenti, ULB) ‐ 9 h
          ‐ Trade Policy II (Anne‐Célia Disdier, PSE) ‐ 6 h
          ‐ Heterogeneity and Competition in Global Markets (Carsten Eckel, Ludwig‐Maximilians University) ‐ 6 h
          ‐ Trade and Income Distribution (Ariell Reshef, PSE) ‐ 9 h

PREREQUISITES
Graduates in economics with strong theoretical and empirical skills.

PROFESSORS
Anne‐Célia Disdier is Senior Researcher at the Paris School of Economics, INRA since 2011. She was researcher at the
Public Policy lab’ of the INRA since 2009. She has also been and Consultant for the OECD, Trade and Agriculture
Directorate, and a Post‐doc fellow with the Centro Studi Luca d’Agliano, within the CEPR Research Training Network
“‘Trade, Industrialization and Development”. In 2011 she won the INRA Young Researcher Award. She has published
papers in many journals, including American Journal of Agricultural Economics, Canadian Journal of Economics, Health
Economics, Journal of Comparative Economics, Journal of International Economics, Review of Economics and Statistics,
Review of International Economics, or The World Bank Economic Review. Her research focuses on modelling
international trade, and measuring the impact of NTMs, with a particular reference to agriculture.
https://www.parisschoolofeconomics.eu/en/disdier‐anne‐celia/

Carsten Eckel is Professor of economics at Ludwig‐Maximilians Universitat Munchen (LMU Munich) where he holds the
Chair of International Trade and Trade Policy. He received his PhD from the University of Passau in 2000 and was a
Post‐doctoral research fellow at the Department of Economics, Norwegian School of Economics and Business
Administration (NHH, Bergen) in 2000‐2001. He joined the University of Gottingen as an Assistant Professor in 2003,
became full professor at the University of Bamberg in 2007 and joined LMU Munich in 2010. He has written influential
studies on Multi‐product firms, Flexible manufacturing and Tax competition. He has published in leading journals,
including the Review of Economic Studies, Journal of International Economics, and American Economic Journal:
Economic Policy. He is a research fellow of CEPR (London), CESIfo (Munich), and of the Leverhulme Centre for Research
on Globalisation and Economic Policy (GEP, Nottingham).
https://www.intecon.econ.uni‐muenchen.de/personen/professoren/prof_eckel/index.html

Mathieu Parenti is an assistant Professor at Université Libre de Bruxelles, a research fellow at the European Center for
Advanced Research in Economics and Statistics (ECARES) and a research affiliate at the Center for Economic Policy
Research (CEPR). He has received his PhD from the Paris School of Economics (Université Paris 1) in 2012. His fields of
research are International Trade and Industrial Organization. His recent papers focus on trade agreements as well as
tax optimization strategies by multinational firms.
https://sites.google.com/site/mathieuparenti/home/

PSE SUMMER SCHOOL 2019                                                                       www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2019                                                                                .           TRADE

Ariell Reshef is an Associate Member of the Paris School of Economics and a CNRS researcher (Directeur de Recherche)
at the Centre d'Economie de la Sorbonne, Université Paris 1 Panthéon‐Sorbonne. Until January 2016 he was an
Associate Professor (with tenure) at the University of Virginia. He obtained his Ph.D. in economics from New York
University in 2008. His research interests focus on income distribution – in particular, the relationship of labor markets
with global trade, technological change, and regulation. His work lies at the intersection of International Trade, Labor
Economics, and Macroeconomics. His current research projects examine structural change of employment and
evolution of productivity in France, compensation in the financial sector, and the long run evolution of the legal
services sector in the United States.
http://www.parisschoolofeconomics.eu/en/reshef‐ariell/

Programme Supervisor: Lionel Fontagné

Lionel Fontagné is Professor of economics at the Paris School of Economics, Université Paris I Panthéon Sorbonne, and
the Director of the Centre d’Economie de la Sorbonne (CES, Paris). He has been the Director of the Centre d’Etudes
Prospectives et d’Informations Internationales (CEPII, Paris) from 2000 to 2006. He has also been a member of the
Conseil d'Analyse Economique (Council of Economic Analysis to the French Prime Minister), and he is a scientific
advisor to CEPII and a CESifo Research Fellow (Munich). He has written numerous studies on international trade and
integration issues. His recent works focus on heterogeneous firms’ reaction to trade protection and long‐term
developments of the world economy. http://www.parisschoolofeconomics.eu/en/fontagne‐lionel/

PSE SUMMER SCHOOL 2019                                                                      www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2019                                                                        .           TRADE

SCHEDULE
      Monday June, 24
      8.30 am ‐ 9 am Welcome coffee
      9 am ‐ 10.30 am Mathieu Parenti, Trade Policy I
      10.30 am ‐ 10.45 am Break
      10.45 am ‐ 12.15 pm Anne‐Célia Disdier, Trade Policy II
      12.15 pm ‐ 1.45 pm Lunch
      1.45 pm ‐ 3.15 pm Mathieu Parenti, Trade Policy I
      3.15 pm ‐ 3.30 pm Break
      3.30 pm ‐ 5 pm Anne‐Célia Disdier, Trade Policy II
      6 pm ‐ 7 pm Gilles Saint‐Paul, Plenary Lecture
      From 7 pm Welcome Cocktail

      Tuesday June, 25
      9 am ‐ 11 am Mathieu Parenti, Trade Policy I
      11 am ‐ 11.30 am Break
      11.30 am ‐ 1 pm Anne‐Célia Disdier, Trade Policy II
      1 pm ‐ 2.30 pm Lunch
      2.30 pm ‐ 4 pm Paris Trade Seminar, Matilde Bombardini (UBC), Trade Policy (Jourdan Campus)
      4 pm ‐ 4.15 pm Break
      4.15 pm ‐ 5.45 pm Anne‐Célia Disdier, Trade Policy II
      From 6 pm Social Event

      Wednesday June, 26
      9 am ‐ 10.30 am Mathieu Parenti, Trade Policy I
      10.30 am ‐ 10.45 am Break
      10.45 am ‐ 12.15 pm Ariell Reshef, Trade and Income Distribution
      12.15 pm ‐ 1.45 pm Lunch
      1.45 pm ‐ 3.15 pm Mathieu Parenti, Trade Policy I
      3.15 pm ‐ 3.30 pm Break
      3.30 pm ‐ 5 pm Ariell Reshef, Trade and Income Distribution

      Thursday June, 27
      9 am ‐ 10.30 am Ariell Reshef, Trade and Income Distribution
      10.30 am ‐ 10.45 am Break
      10.45 am ‐ 12.15 pm Carsten Eckel, Heterogeneity and Competition in Global Markets
      12.15 pm ‐ 1.45 pm Lunch
      1.45 pm ‐ 3.45 pm Ariell Reshef, Trade and Income Distribution
      3.45 pm ‐ 4 pm Break
      4 pm ‐ 5.30 pm Carsten Eckel, Heterogeneity and Competition in Global Markets
      From 6 pm Social Event

      Friday June, 28
      9 am ‐ 10.30 am Carsten Eckel, Heterogeneity and Competition in Global Markets
      10.30 am ‐ 10.45 am Break
      10.45 am ‐ 12.15 am Workshop
      12.15 pm ‐ 1.45 pm Lunch
      1.45 pm ‐ 3.45 pm Carsten Eckel, Heterogeneity and Competition in Global Markets
      3.45 pm ‐ 4 pm Break
      4 pm ‐ 5.30 pm Ariell Reshef, Trade and Income Distribution
      From 6 pm Social Farewell cocktail/certificates

PSE SUMMER SCHOOL 2019                                                               www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2019
TRADE                                                                                                 .           TRADE

Heterogeneity and Competition in Global
Markets
Carsten Eckel

                                                                    This course takes place on Wednesday and Thursday
OBJECTIVES
We know from recent empirical research that only a relatively small subset of firms actually engages in exporting, and
that exporters differ from non‐exporting firms in a number of dimensions: They are larger, more productive, sell more
products, charge higher prices, pay higher wages, and employ a more productive workforce. This course will address
the causes and consequences of this heterogeneity. It covers recent research on vertical differentiation within firms
and across countries, on the role of worker heterogeneity for firm heterogeneity, and on the importance of trade
intermediations for market outcomes. These issues are important to assess the welfare gains and the distributional
consequences of trade liberalization..

COURSE STRUCTURE & REFERENCES
    1. Firm Heterogeneity and Product Quality
       ‐ Flach, Lisandra, and Michael Irlacher. "Product versus Process: Innovation Strategies of Multiproduct Firms."
       American Economic Journal: Microeconomics 10.1 (2018): 236‐77.
       ‐ Eckel, Carsten and Florian Unger. "Credit constraints, endogenous innovations, and price setting in international
       trade." CEPR Discussion Papers No. DP11727, December 2016
       ‐ Eckel, Carsten, Leonardo Iacovone, Beata Javorcik, and Peter Neary. "Multi‐product Firms at Home and Away: Cost‐
       versus Quality‐based Competence." Journal of International Economics 95.2 (2015): 216‐232.
       ‐ Eckel, Carsten, and Peter Neary. "Multi‐Product Firms and Flexible Manufacturing in the Global Economy." Review
       of Economic Studies, 77.1 (2010): 188‐217.

    2. Worker Heterogeneity and Trade
       ‐ Yeaple, Stephen “A Simple Model of Firm Heterogeneity, International Trade, and Wages,” Journal of International
       Economics, 2005, 65(1): 1‐20.
       ‐ Helpman, Elhanan, Oleg Itskhoki, and Stephen J. Redding. 2010. "Inequality and Unemployment in a Global
       Economy." Econometrica 78(4), 1239‐1283.
       ‐ Grossman, Gene M. "Heterogeneous Workers and International Trade" Review of World Economics, vol. 149, no.2,
       2013
       ‐ Eckel, Carsten and Stephen R. Yeaple. "Too Much of a Good Thing? Labor Market Imperfections as a Source of
       Exceptional Exporter Performance", NBER Working Paper No. 23834 (previous version)

    3. Traders and Trade
       ‐ Cole, Matthew T., and Carsten Eckel. "Tariffs and Markups in Retailing." Journal of International Economics 113
       (2018): 139‐153
       ‐ Eckel, Carsten and Riezman, Raymond G., Cats and Dogs (December 2016). CEPR Discussion Paper No. DP11695.
       ‐ Andrew B Bernard Emily J Blanchard Ilke Van Beveren Hylke Vandenbussche. "Carry‐Along Trade." The Review of
       Economic Studies, forthcoming, https://doi.org/10.1093/restud/rdy006

PSE SUMMER SCHOOL 2019                                                                      www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2019
TRADE                                                                                                  .           TRADE

Trade and Income Distribution
Ariell Reshef

                                                              This course takes place on Wednesday, Thursday and Friday
OBJECTIVES
The goal is to study the income distribution consequences of globalization: trade in final goods, trade in intermediate
inputs, trade in capital, offshoring, foreign direct investment, multinational firm activity. We will consider several
channels through which globalization, and in particular changes in market access, affects domestic labor markets, for
example, through changes in relative demand for different types of labor inputs, or through changes in incentives to
invest and technological responses. These manifest themselves in the distribution of income via reallocation of
resources across productive units, changes in the internal organization of productive units, fair wages, and more. Given
the inherent complementarities between technology and market access, it is impossible to discuss globalization
without any mention of technological change, so we will also touch upon this topic as well.

COURSE STRUCTURE & REFERENCES
    0. General Background Readings
       ‐ Wood (1995): “How Trade Hurt Unskilled Workers”, The Journal of Economic Perspectives
       ‐ Richardson (1995): “Income Inequality and Trade: How to Think, What to Conclude”, The Journal of Economic
       Perspectives
       ‐ Freeman (1995): “Are Your Wages Set in Beijing?”, The Journal of Economic Perspectives
       ‐ Harrison, McLaren and McMillan (2011): “Recent Perspectives on Trade and Inequality”, World Bank, Policy
       Research Working Paper 5754.
       ‐ Dix‐Carneiro and Kovak (2017): "Trade Liberalization and Regional Dynamics", American Economic Review.
    1. Why do we think trade and income distribution are linked?
       ‐ Basic Heckscher‐Ohlin logic: competition in the product space and industry reallocation.
       ‐ Theoretical underpinnings
       ‐ Counterfactual predictions and (tentative) empirical failure
       ‐ Does China joining the global trade system not matter for income distribution?
    2. Juxtaposing the technology narrative with trade liberalization
       ‐ Berman, Bound and Griliches (1994): "Changes in the Demand for Skilled Labor within U.S. Manufacturing:
       Evidence from the Annual Survey of Manufacturers", The Quarterly Journal of Economics
       ‐ Machin and van Reenen (1998): "Technology and Changes in the Skill Structure: Evidence from Seven OECD
       Countries", The Quarterly Journal of Economics
       ‐ Bernard and Jensen (1997): "Exporters, Skill Upgrading, and the Wage Gap", Journal of International Economics
       ‐ Harrigan and Reshef (2015): "Skill‐biased heterogeneous firms, trade liberalization and the skill premium",
       Canadian Journal of Economics
    3. The capital input channel of trade liberalization
       ‐ Csillag and Koren (2011): "Machines and machinists: Capital‐skill complementarity from an international trade
       perspective", working paper
       ‐ Burstein, Cravino and Vogel (2013): "Importing Skill‐Biased Technology", AEJ: Macroeconomics
       ‐ Raveh and Reshef (2016): "Capital Imports Composition, Complementarities, and the Skill Premium in Developing
       Countries", Journal of Development Economics
    4. Special consideration for developing countries
       ‐ Goldberg and Pavcnik (2003): "The response of the informal sector to trade liberalization", Journal of Development
       Economics
       ‐ Attanasio, Goldberg and Pavcnik (2004): "Trade reforms and wage inequality in Colombia", Journal of Development
       Economics
       ‐ Goldberg and Pavcnik (2005): "Trade wages and the political economy of trade protection", Journal of International
       Economics
       ‐ Zhu and Trefler (2005): “Trade and inequality in developing countries: a general equilibrium analysis”, Journal of
       International Economics

PSE SUMMER SCHOOL 2019                                                                        www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2019                                                                             .           TRADE
   5. Foreign direct investment and offshoring
      ‐ Feenstra and Hanson (1997): "Foreign direct investment and relative wages: Evidence from Mexico’s
      maquiladoras", Journal of International Economics
      ‐ Grossman and Rosi‐Hansberg (2008): "Trading Tasks: A Simple Theory of Offshoring", The American Economic
      Review
      ‐ Hummels, Munch, and Xiang (2016): “Offshoring and Labor Markets”, NBER Working Paper No. 22041
   6. Trade‐induced technological change
      ‐ Thoenig and Verdier (2003): "A Theory of Defensive Skill‐Biased Innovation and Globalization", The American
      Economic Review
      ‐ Yeaple (2005): "A simple model of firm heterogeneity, international trade, and wages", Journal of International
      Economics
      ‐ Verhoogen (2008): "Trade, Quality Upgrading, and Wage Inequality in the Mexican Manufacturing Sector",
      Quarterly Journal of Economics
      ‐ Bloom, Draca and van Reenen (2015): "Trade Induced Technical Change? The Impact of Chinese Imports on
      Innovation, IT and Productivity", Review of Economic Studies
   7. Individual effects and sorting
      ‐ Egger and Kreickemeier (2009): "Firm Heterogeneity and the Labor Market Effects of Trade Liberalization",
      International Economic Review
      ‐ Amiti and Davis (2011): "Trade, Firms, and Wages: Theory and Evidence", Review of Economic Studies
      ‐ Helpman, Itskhoki and Redding (2010): "Inequality and unemployment in the global economy", Econometrica
      ‐ Costinot and Vogel (2010): Matching and Inequality in the World Economy”, Journal of Political Economy
      ‐ Sampson (2014): “Selection into Trade and Wage Inequality”, American Economic Journal: Microeconomics
   8. Local labor market effects
      ‐ Autor, Dorn and Hanson (2013): “The China Syndrome: Local Labor Effects of Import Competition in the United
      States”, The American Economic Review
      ‐ Autor, Dorn and Hanson (2014): “Untangling Trade and Technology: Evidence from Local Labor Markets”, The
      Economic Journal

PSE SUMMER SCHOOL 2019                                                                    www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2019
TRADE                                                                                                    .            TRADE

Trade policy I
Mathieu Parenti

                                                             This course takes place on Monday, Tuesday and Wednesday
OBJECTIVES
New proposed trade agreements like the EU‐Canada Comprehensive Economic Trade Agreement (CETA) or the
Transatlantic Transatlantic Trade and Investment Partnership (TTIP) go beyond traditional liberalization efforts. Their
main goals are to dismantle non‐tariff barriers and to facilitate cross‐border investments. This course starts with a
review of the theoretical rationales for trade agreements and then discusses recent developments in the political
economy of trade policy. We will then see how quantitative trade models can be used to evaluate the impact of an
economic dis‐integration shock such as Brexit. The last part of the course investigates how tax and trade policies
interact when multinational firms are engaged in profit shifting activities.

COURSE STRUCTURE & REFERENCES
    1. Theories of trade agreements under perfect and imperfect competition
       ‐ Bagwell, K., Staiger, R.W., 1999. An economic theory of GATT. American Economic Review
       ‐ Dixit, A.K., 1987. Strategic aspects of trade policy. In: T.F. Bewley (Ed.), Advances in Economic Theory: Fifth World
       Congress. Cambridge University Press, Cambridge.
       ‐ Grossman, G. The purpose of trade agreements. (2016) Handbook of Commercial Policy, edited by Bagwell and
       Staiger.
       ‐ Ossa, R (2011). A “new trade” theory of GATT/WTO negotiations

    2. Trade policy quantified: structural and reduced‐form approaches with an application to Brexit
       ‐ Costinot, A. and Rodriguez‐Clare. (2014) Trade theory with numbers: Quantifying the consequences of
       globalization, Handbook of International Economics, edited by ‐ Gopinath, , Helpman and Rogoff
       ‐ Dhingra, S. H Huang G Ottaviano, J Pessoa, T Sampson, J Van Reenen (2018) The costs and benefit of leaving the
       EU, Economic Policy
       ‐ Head and Mayer (2014) Gravity equations: workhorse, toolkit and cookbook.

    3. Firm‐level lobbying: the demand for protection and market access
       ‐ Blanga‐Gubbay, M., Conconi P. & Parenti, M. Globalization for sale, mimeo
       ‐ Bombardini, M. (2008) Firm heterogeneity and lobby participation, Journal of International Economics
       ‐ Grossman, G. M., Helpman, E., 1994. Protection for sale. American Economic Review
       ‐ Rodrik, D. (2018). What Do Trade Agreements Really Do? Journal of Economic Perspectives

    4. Multinational firms and tax avoidance through profit shifting
       ‐ Davies, Ronald B., Julien Martin, Mathieu Parenti, and Farid Toubal (2018) Knocking on Tax Haven’s Door:
       Multinational Firms and Transfer Pricing, The Review of Economics and Statistics.
       ‐ Egger Strecker Zoller‐Rydzek (2018) Estimating Bargaining‐related Tax Advantages of Multinational Firms, mimeo
       ‐ Li Liu, Tim Schmidt‐Eisenlohr, and Dongxian Guo International Transfer Pricing and Tax Avoidance: Evidence from
       Linked Trade‐Tax Statistics in the UK, mimeo
       ‐ Tørsløv, LS Wier, G Zucman, 2018 Missing profits of nations, mimeo

PSE SUMMER SCHOOL 2019                                                                         www.parisschoolofeconomics.eu

PSE SUMMER SCHOOL 2019
TRADE                                                                                                   .           TRADE

Trade Policy II
Anne‐Célia Disdier

                                                                          This course takes place on Monday and Tuesday
OBJECTIVES
Recent years have seen three important changes in the trade policy. First, tariffs on goods have been largely bound and
reduced to an average below 5%, whereas non‐tariff measures such as technical, sanitary, and regulatory measures at
the border have spread. Second, economic integration is increasingly conducted at the bilateral or regional level
through “modern” preferential trade agreements, while the multilateral scene has become too heterogeneous to
converge easily on ambitious and mutually beneficial liberalization agendas. This course reviews recent advancements
in the quantification of trade policy effects though the estimation of structural gravity models. It also explores the
motives and trade effects of “modern” Preferential Trade Agreements. Finally, it investigates the non‐tariff measures
and their trade, price and welfare effects.

COURSE STRUCTURE
    1. Quantification of trade policy effects
        ‐ Anderson, J. E. and E. van Wincoop (2003), “Gravity with Gravitas: A Solution to the Border Puzzle,” American
        Economic Review, 93(1): 170‐192.
        ‐ Head, K. and T. Mayer (2014), “Gravity Equations: Workhorse, Toolkit, and Cookbook,” In: Gopinath G., Helpman, E
        and K. Rogoff (Eds.), Handbook of International Economics, vol. 4. Elsevier, Oxford, pp. 131‐195.
        ‐ Helpman, E., M. Melitz, and Y. Rubinstein (2008), "Estimating Trade Flows: Trading Partners and Trading Volumes,"
        Quarterly Journal of Economics, 123: 441‐487.
        ‐ Yotov, Y., R. Piermartini, J‐A. Monteiro, and M. Larch (2016), “An Advanced Guide to Trade Policy Analysis: The
        Structural Gravity Model”, Co‐published by UN Conference on Trade and Development and WTO.
    2. Preferential trade agreements
        ‐ Baier, S. and J. Bergstrand (2007), "Do Free Trade Agreements Actually Increase Members' International Trade?,"
        Journal of International Economics, 71(1): 72‐95.
        ‐ Baier, S., Y. Yotov, and T. Zylkin (2016), "On the Widely Differing Effects of Free Trade Agreements: Lessons from
        Twenty Years of Trade Integration," CESIFO Working Paper 6174.
        ‐ Limao, N. (2016), "Preferential Trade Agreements," In: Bagweel, K. and R. Staiger (Eds.), Handbook of Commercial
        Policy, vol. 1B, Elsevier, Amsterdam, North‐Holland, pp. 279‐367.
        ‐ Mattoo, A., A. Mulabdic, and M. Ruta (2017), "Trade Creation and Trade Diversion in Deep Agreements," World
        Bank Policy Research Working Paper 8206.
    3. Non‐tariff measures
        ‐ Cadot, O. and J. Gourdon (2016), “Non‐tariff measures, preferential trade agreements, and prices: new evidence,"
        Review of World Economics, 152(2): 227‐249.
        ‐ Chen, M.X. and A. Mattoo (2008), “Regionalism in standards: good or bad for trade?”, Canadian Journal of
        Economics, 41(3): 838‐863.
        ‐ Fontagné, L., G. Orefice, N. Rocha and R. Piermartini (2015), "Product Standards and Margins of Trade: firm level
        evidence, " Journal of International Economlics, 97(1): 29‐44.
        ‐ Kee, H.L., A. Nicita, and M. Olarreaga (2009), “Estimating Trade Restrictiveness Indices”, The Economic Journal,
        119: 172‐199.
        ‐ Van Tongeren, F., J.C. Beghin, and S. Marette (2009), “A Cost‐Benefit Framework for the Assessment of Non‐Tariff
        Measures in Agro‐Food Trade”, OECD Food, Agriculture and Fisheries Working Papers, No. 21, OECD Publishing.

PSE SUMMER SCHOOL 2019                                                                        www.parisschoolofeconomics.eu

HOW TO APPLY TO THE PSE SUMMER SCHOOL 2019
Presentation
Our one‐week programmes are entirely conducted in English. You are expected to participate in all of the courses; you
can follow only one programme per week, but can apply to two consecutive ones. At the end of the programme, you
will receive a certificate. Each programme is equivalent to 3 ECTS (European Credit Transfer System). Students
interested in this transfer should contact their universities.
                First week ‐ from June 17 to June 21                                Second week ‐ from June 24 to June 28

         CLIMATE           MACROECO.              MICROECO.    BOUNDED      DEVELOPMENT       EXPERIMENTAL             MIGRATION      TRADE
         CHANGE                                               RATIONALITY                      ECONOMICS               ECONOMICS

Participant profiles and selection
The PSE Summer School is aimed at professionals, researchers, and graduate students in Economics and Finance (Masters
and PhD). Undergraduate students in Economics will be considered if their profile is exceptionally strong.
Candidates are invited to submit their applications on a rolling basis at www.pse‐application.eu, including:
    A current Curriculum Vitae in pdf format                          A photo of yourself [not used per se in the application process]
    A copy of your most advanced degree                               For Students: proof of status
    A short motivation text                                           Optional ‐ Letter(s) of recommendation

Fees
Fees cover lunches and social events, as well as the welcome and farewell cocktails. They do not cover accommodation,
transport or any other services.
     Early bird discount: A 10% discount applied for participants who paid before March 31, 2019.
     Group discount: A 10% discount applies when a single employer or institution enrolls at least five (5) members
        in the Summer School. The discount is offered to participants regardless of the course she or he selects and is
        applied upon the signing of a training agreement between the employer and PSE.

Cancellation policy ‐ Confirmed participants who wish to cancel must do so in writing by email; your tuition fees will be
partially refunded as described online.
                                                                                             Any questions? summer‐school@psemail.eu

PSE SUMMER SCHOOL 2019                                                                                                 www.parisschoolofeconomics.eu

A SUMMER ON THE JOURDAN CAMPUS…
The 2019 Edition will take place at PSE in the 14th arrondissement of Paris. A new 12500 m² building
houses around 1500 researchers, students, and administrative teams of the PSE and the Ecole normale
supérieure. The 1-hectare Jourdan campus offers ideal conditions: numerous classrooms and working
spaces, a 300 places amphitheater, a library with more than 50000 books, a student home…
                  More (online) about the Jourdan Campus – google maps, gallery, video

SUMMER SCHOOL

       2019, PARIS
  www.parisschoolofeconomics.eu