Theme 4: Trade and spatial frictions

Theme 4 brings together trade researchers who work on international trade in developing countries and those who work on internal trade. The theme is led by Costas Arkolakis and Paula Bustos.



Costas Arkolakis is Professor of Economics at Yale University and an NBER Research Associate. He received his undergraduate degree from Aristotle University of Thessaloniki in Economics, and his Master and PhD in Economics from the University of Minnesota. He has made pioneering contributions in international trade and spatial economic models in macroeconomic equilibrium.  He joined the department of Economics at Yale University at 2007 and became an Associate Professor in 2013. In 2013 he was also awarded an NSF CAREER grant. He has published in a variety of journals including the Journal of Political Economy, American Economic Review, Quarterly Journal of Economics. He is a Co-editor of Economic Theory and Associate Editor of the Journal of International Economics.


Paula Bustos is an Associate Professor at CEMFI. She is also a member of the Council of the European Economic Association and a CEPR Research Fellow. Her research interests include international trade and economic development, and she has examined the impacts of agricultural technologies and financial windfalls on the spatial patterns of structural transformation. She holds a BA and MA in Economics from the Universidad Torcuato di Tella and a PhD. in economics from Harvard University.