"Economic Integration and Bilateral Export Concentration: The Euro Effect" (job market paper)
A common finding in the international trade literature is that economic integration leads to export diversification. By documenting a positive link between adopting the European common currency and bilateral export concentration, the current work shows that this is not always the case. Using a panel data approach, I find that exports between eurozone members are on average more concentrated than those among countries which do not share the euro. Central to this outcome is that some economic integration agreements, such as the European Economic and Monetary Union, may lead to a drop in not only trade but horizontal FDI costs as well. Theoretically, the results can be explained by the substitutability between exporting and horizontal FDI within a two-sector, two-firm type model which allows for sectoral trade cost heterogeneity.
“The Effect of International Environmental Agreements on Trade: An Industry Level Approach" (with Josh Ederington and Maurizio Zanardi)
Since the early 1970's a series of international environmental agreements (IEAs) were signed, ratified, and enforced throughout developed and developing nations. Regarding IEAs as potential barriers to trade, the second chapter seeks to quantify the impact of their ratification on industry-level exports by using a gravity regression approach. I proceed by classifying industries into dirty and clean based on their average emission intensities and find that ratification of IEAs is associated with a significant reduction in export flows. The decrease is more pronounced for industries which are classified as dirty or for those which are characterized by high emission intensities per unit of output. Additionally, climate change and acid rain IEAs are found to engender "leakage" effects. No such evidence is recovered for ozone depletion accords.
"The Economics of Breaking Bad" (with Daniel F. Duncan and Steve M. Muchiri)
Following the recent trend toward new pedagogical methods aimed at connecting with today’s economics students, we explore the economic principles which can be taught using the popular Breaking Bad television series. We perform an exhaustive examination of the entire series and document precise instances that can be used to convey important economic principles in the microeconomics curriculum. Breaking Bad provides the instructor with the opportunity to teach economic concepts using material that appeals to student’s affinity for all things pop culture and includes interesting subject matter such as drugs and crime. We view the combination of interesting subject material and the use of video clips in the classroom as a way to foster an active learning environment in our economics courses.