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2月22日国际经济系Seminar–林发勤博士
发布时间：2012-02-21
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主题：Trade, Income and the Baltic Dry Index
主持人：经济与工商管理学院国际经济系主任 曲如晓教授
主讲人：林发勤 博士
时间：2012年2月22日下午4:00-5:00
地点：北师大后主楼1620
Abstract
Does trade improve the income levels of the poor and less developed nations? Focusing on the least developed countries (LDCs) designated by the United Nations, we construct a new measure of trade cost, based on the Baltic Dry Index (BDI), as an instrument for trade. The BDI reflects the cost of utilizing dry bulk carriers, which are specially designed vessels for transporting primary goods internationally, where these goods dominate the output and export sectors of the LDCs. We find that a one percentage point expansion in trade raises GDP per capita by approximately 0.5 percentage point. This estimate is much larger than previously found in the literature and its quantitative significance emphasizes the importance of trade towards the economic development of low income countries.
Introduction of the presenter
Faqin Lin is a PhD candidate of economics in the University of Adelaide, Australia, financially supported by the China Scholarship Council and he will graduate in 2012 from Adelaide. Faqin Lin has already got the PhD degree from the University of International Business and Economics, Beijing, China in 2011. Faqin Lin's research interest is empirical studies in international economics. Faqin Lin has published more than 10 articles in Chinese Social Science Index journals and three papers in peer reviewed international journals.