John T. Dalton
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Curriculum Vitae (pdf)
University of Minnesota-Twin Cities
4-101 Hanson Hall Fabrizio Perri
1925 Fourth Street South (612) 625-7504 or
Minneapolis, Minnesota 55455 (612) 204-5526
U.S.A. fperri [at] umn.edu
Placement Coordinator
(612) 625-6353 Catherine Bach
(612) 624-0209 FAX (612) 625-6859
c-bach [at] umn.edu
Curriculum Vitae
Fall 2009
John T. Dalton
Personal Data
Home Address Telephone Numbers
410 6th Street SE, Apt. 105 Cell: (612) 849-6858
Minneapolis, MN 55414 Office: (612) 204-5542
Email: jtdalton [at] umn.edu
Citizenship: U.S.A. URL: www.econ.umn.edu/~jtdalton
Major Fields of Concentration
International Trade, Growth and Development, Macroeconomics
Education
Degree Field Institution Year
Ph.D. Economics University of Minnesota (expected) 2010
M.A. Economics University of Minnesota 2007
B.A. International Studies University of North Carolina at Chapel Hill 2003
German Studies
Dissertation
Title: “Essays on International Trade”
Dissertation Advisors: Professor Timothy Kehoe and Professor Fabrizio Perri
Expected Completion: Summer 2010
References
Professor Timothy Kehoe (612) 625-1589 Department of Economics
(612) 204-5533 University of Minnesota
tkehoe [at] umn.edu 4-101 Hanson Hall
1925 Fourth Street South
Professor Fabrizio Perri (612) 625-7504 Minneapolis, MN 55455
(612) 204-5526
fperri [at] umn.edu
Professor Cristina Arellano (612) 625-0511
(612) 204-5276
arellano [at] econ.umn.edu
Dr. Simran Sahi (612) 625-6353
ssahi [at] umn.edu
Honors and Awards
2009 Graduate Research Partnership Program Fellowship, University of Minnesota
2008-2010 Humane Studies Fellowship, Institute for Humane Studies
2007 Distinguished Instructor, Department of Economics, University of Minnesota
2006 Distinguished Teaching Assistant, Department of Economics, University of Minnesota
2005 Distinguished Teaching Assistant, Department of Economics, University of Minnesota
2004-2005 Graduate School Fellowship, University of Minnesota
2003-2004 Fulbright Student Grantee, Austria, “Economics and European Integration”
2003 Highest Honors and Highest Distinction, University of North Carolina at Chapel Hill
2003 Order of the Grail-Valkyries, University of North Carolina at Chapel Hill
2002 Phi Beta Kappa, University of North Carolina at Chapel Hill
2000 Delta Phi Alpha, University of North Carolina at Chapel Hill
Teaching Experience
Spring 2010 Instructor, Scheduled to teach Senior Project Seminar and Undergraduate Writing in Economics,
Department of Economics, University of Minnesota
2007 Instructor, Intermediate Macroeconomics, Department of Economics, University of Minnesota
2005-2006 Teaching Assistant, Principles of Microeconomics, Department of Economics, University of Minnesota
2003-2004 Teaching Assistant, Bundesgymnasium Wenzgasse, Vienna, Austria
2001-2003 Teaching Assistant, Foreign Policy Association’s Great Decisions, Curriculum in International and Area Studies, University
of North Carolina at Chapel Hill
Research Experience
2006-Present Research Analyst, Research Department, Federal Reserve Bank of Minneapolis, Research Assistant for Professor Timothy Kehoe
2001 Research Assistant, Department of Economics, University of Mannheim, Professor Bernd Fitzenberger
Publications
Review of Power and Plenty: Trade, War, and the World Economy in the Second Millennium by Ronald Findlay and Kevin H. O’Rourke, Southern Economic Journal, 2008, 75 (2), 591-592. (pdf)
Working Papers
“Explaining the Growth in Manufacturing Trade,” (Job Market Paper) (pdf)
“Reputation, Learning, and International Trade,” (with Turkmen Goksel) (pdf)
“The Evolution of Taxes and Hours Worked in Austria, 1970-2005” (pdf)
Work in Progress
“Movie Piracy and Hollywood Exports: A Cross-Country Investigation,” (with Tin Cheuk Leung)
Languages
English (native), German (fluent)
Computer Skills
Matlab, STATA
Dissertation Abstract
“Explaining the Growth in Manufacturing Trade,” (Job Market Paper) (pdf)
The U.S. trade share of gross output in manufacturing increased by a factor of 4.7 from 1970 to 2005 and grew slower before the early 1980’s than after. As documented in Yi (2003), these patterns are difficult to explain by resorting only to observed tariff reductions. This paper argues the widespread adoption of Just-in-Time (JIT) logistics in the early 1980’s provides the key to understanding the growth in the trade share. To do so, I first develop a dynamic trade model based on the logistics technology used in a firm’s supply chain. Without JIT, a firm faces a newsvendor problem of stocking inventory before uncertain final demand is realized. Inventories constrain a firm’s ability to respond to demand fluctuations. After adopting JIT, however, no such inventory constraint exists. Firms now respond to all demand fluctuations, as well as charge lower prices due to eliminating inventory costs. Thus, as firms adopt JIT with international suppliers, the volume of trade increases. In the model, firm characteristics, including the cost of airplane transportation, determine whether JIT with international suppliers is adopted. The model’s predicted trade dynamics depend on how the set of firms using JIT with international suppliers changes over time. Numerical simulations show the model is capable of capturing the growth in the trade share beginning in the early 1980’s. Moreover, I present evidence showing the theory is consistent with aggregate data as well as industry-level panel data.
“Reputation, Learning, and International Trade,” (with Turkmen Goksel) (pdf)
Asymmetric information impacts the decisions of importers and exporters engaged in international trade; as such, learning and reputation building are some of the key determinants of the dynamics of international trade patterns. This paper incorporates learning and reputation building into a simple stochastic dynamic model of international trade with asymmetric information. We use the model to study two bilateral trade flows influenced significantly by learning and reputation, namely United States imports of Japanese and French cars over the period 1961-2005. Numerical simulations of the model are capable of replicating these events. In addition to matching these events, we explore further implications of our framework for understanding international trade patterns. Since learning and reputation building require time, predicted short run trade patterns can be quite different than those predicted in the long run. Sectorial differences in the speed of learning and reputation building affect predicted trade patterns. The extent of asymmetric information existing between importers and exporters also changes under different trade policies.
“Movie Piracy and Hollywood Exports: A Cross-Country Investigation,” (with Tin Cheuk Leung)
Movie executives fear the collapse of Hollywood exports in the face of rising worldwide piracy rates. Yet box office sales growth remains stable. According to the Motion Picture Association of America, U.S. and international box office sales grew 7% and 17% between 2004 and 2008. The movie industry must be doing something right. This paper empirically analyzes several techniques the movie industry uses to reduce the replacement effect of piracy. We construct a unique data set on box office performance for our empirical analysis. The data covers a five year period, between 2004 and 2008, and 17 different countries with various piracy rates. Initial results show two things. First, Hollywood movies, those distributed by big studios, tend to be released in a foreign country two months earlier than other movies. Second, the release gap, defined to be the lag between the U.S. release date and foreign release date, for Hollywood movies is shorter in countries with higher piracy rates.