Raymond G. Riezman

C. Woody Thompson Research Professor of Economics Emeritus
Department of Economics 
University of Iowa 
Visiting Professor

Aarhus University

Tuborg Research Centre for Globalisation and Firms

School of Business and Social Sciences
Department of Economics and Business
Room L 116 (building 2632)

T: +45 871 65518

Visiting Scholar

University of California-Santa Barbara




External Research Fellow- Leverhulme Centre for Research on Globalisation and Economic Policy (GEP), University of Nottingham, England

Research Fellow- Center for Economic Studies - Institute for Economic Research (CES-ifo), Munich

Current Vita

Link to RePEc page

Link to Google Scholar page

Link to Tippie Webpage






PhD, University of Minnesota, 1977 
BA, Economics, Washington University-St. Louis, 1969 

Teaching and Research Interests

International Trade Theory
Political Economy
Regional Trade Agreements

Current Projects

"CATs and DOGs" (with Carsten Eckel)


"Multi-unit firms and their scope and location decision" (with Peter Egger and Benedikt Rydzek)


"A Dynamic Model of International Trade" (with Wen-Tai Hsu and Ping Wang)



Working Papers

"International Trade and Technology Choice" (with Shin-Kun Peng and Ping Wang)


"Market Entry Costs, Underemployment and International Trade" (With Spiros Bougheas)


"Urbanization and Economic Development: A Tale of Two Barriers" (with Eric Bond and Ping Wang)



International Trade Agreements and Political Economy, World Scientific, Singapore, 2013

Trade, Theory and Econometrics: Essays in honor of John S. Chipman, (co-edited with James R. Melvin and James C. Moore), Routledge, London, 1999.

Economic Theory and International Trade: Essays in Memoriam J. Trout Rader (co-edited with Wilhelm Neuefeind), Springer-Verlag, Berlin, 1992. 



"China's Gains from WTO Accession: Imports vs Exports." (with Lai, T.-W. and Wang, P.), Review of International Economics, Vol. 24, Issue 4, pp837-856, 2016.


"The Quantitative Importance of Openness in Development" (with Wenbiao Cai and B. Ravikumar) Economic Inquiry, Vol 53, Issue 4, 1839-1849, October, 2015.


"Price Equalization, Trade Flows, and Barriers to Trade" (with Piyusha Mutreja, B. Ravikumar and M. Sposi) European Economic Review 70 (2014) 383-398.

"International Trade and the Feasibility of Global Climate Change Agreements" (with Yuezhou Cai and John Whalley), Economic Modeling, Vol.33, July, 2013, 412-427.

"The Effect of Parental Labor Supply on Child Schooling: Evidence from Trade Liberalization in India" (with Beza Ural Marchand and Ray Rees), Rev. Econ. Household,Vol. 11, Issue 2, June, 2013, 151-173.


"Metrics Capturing the Degree to Which Individual Economies Are Globalized" (with John Whalley and Shunming Zhang), Applied Economics, Vol. 45, No. 36, 2013, 5046-5061.


"Globalization, Gender and Growth" (with Ray Rees), Review of Income and Wealth, Series 58, Number 1, March, 2012, 107-117 .


"Trade Agreements, " (with Carsten Kowalczyk) in Palgrave Handbook of International Trade, D. Bernhofen, R. Falvey, D. Greenaway, and U. Kreickemeier editors, Pagrave Macmillan, UK, 2011.


"Optimal Education Policy and Comparative Advantage" (with Spiros Bougheas and Richard Kneller), Pacific Economic Review Volume 16, Issue 5, December, 2011, 538-552


"Distance Measures Between Free Trade and Autarky for the World Economy" (with John Whalley and Shunming Zhang) Economic Modelling, Volume 28, Issue 4, July, 2011, pages 2000-2012.


"Free Trade: What are the Terms-of-Trade Effects?" (with Carsten Kowalczyk) Economic Theory, Volume 41, Number 1, October, 2009, 147-161.


"Preference Bias and Outsourcing to Market: A Steady-State Analysis" (with Ping Wang,) Review of International Economics, Vol. 17, Issue2, May, 2009, pp. 338-356.


"Outsourcing of Innovation" (with Edwin Lai and Ping Wang,) Economic Theory (2009), 38: 485-515.

"Entrepreneurship, Organization Capital and the Evolution of the Firm" (with Atsushi Oshima and B. Ravikumar) in International Trade and Economic Dynamics Essays in Memory of Koji Shimomura, Takashi Kamihigashi and Laixun Zhao, editors, Springer, 2009, 499-511.

"Minorities and Storable Votes " (with Alessandra Casella and Tom Palfrey) Quarterly Journal of Political Science, 2008, 3, 1-36.


"Pareto-Improving Trading Clubs without Income Transfers" (with Kazumichi Iwasa and Koji Shimomura) in Frontiers of Economics and Globalization Volume 5, Globalization and Emerging Issues in Trade Theory and Policy, Ngo Van Long, Makoto Tawada and Binh Tran-Nam, editors, Emerald Press, 2008, 139-162.


"Fixed Transport Costs and International Trade," (with Didier Laussel) in Frontiers of Economics and Globalization Volume 4, Contemporary and Emerging Issues in Trade Theory and Policy, edited by Sugata Marjit & Eden Yu, Emerald Press, 2008, 91-107.

"Is Partial Tax Harmonization Desirable?" (with Paola Conconi and Carlo Perroni), Journal of Public Economics 92 (2008) 254-267.

"Trade, and the Distribution of Human Capital" (with Spiros Bougheas), Journal of International Economics 73 (2007) 421-433.

"Trade, Wage Gaps and Specific Human Capital Accumulation" (with Ngo Van Long and Antoine Soubeyran), Review of International Economics, February, 2007, 15(1), pp 75-92.

"Production, Trade, Prices, Exchange Rates and Equilibration in Large Experimental Economies" (with Charles Noussair and Charles Plott), European Economic Review, January, 2007, 51, pp 49-76.

"Transport Costs and North-South Trade" (with Didier Laussel), Asia-Pacific Journal of Accounting and Economics, (13) December, 2006, pp 111-122.

"How Reasonable are Assumptions Used in Theoretical Models?: Computational Evidence on the Likelihood of Trade Pattern Changes" (with Lisandro Abrego and John Whalley), Canadian Journal of Economics/Revue canadienne d'economique, August, 2006, 39 (3), 781-789.

"How Often are Propositions on the Effects of Regional Trade Agreements Theoretical Curiosa? (with Lisandro Abrego and John Whalley), Journal of International Economics, Vol. 68, No. 1, January, 2006, pp 59-78.

"The Sources of Protectionist Drift in Representative Democracies" (with Didier Laussel), European Economic Review, Vol 49/7, October, 2005, pp 1855-1876.

"Fragmentation and Services" (with Ngo van Long and Antoine Soubeyran), The North American Journal of Economics and Finance, Vol. 16, Issue 1, March, 2005, pp. 137-152.

"Computation and Customs Unions" (with Lisandro Abrego and John Whalley), CES-ifo Economic Studies, Vol. 51, No. 1/2005, pp. 117-132.

"A Strategic and Welfare Theoretic Analysis of Free Trade Areas" (with Eric Bond and Costas Syropoulos), Journal of International Economics, October, 2004, Vol. 64, Issue 1, pp. 1-27.

Review of The Economics of the World Trading System by Kyle Bagwell and Robert Staiger, Journal of Economic Literature, Vol. XLII, 517-518, June, 2004.

"Small Countries and Preferential Trade Agreements: How Severe is the Innocent Bystander Problem? (joint with Ayhan Kose) The Pacific Economic Review, June 2002, vol. 7, no. 2, pp. 279-304.

"Trade Shocks and Macroeconomic Fluctuations in Africa" (joint with Ayhan Kose),  Journal of Development Economics, Vol. 65 (2001), 55-80.

"Understanding the Welfare Implications of Preferential Trade Agreements" (joint with Ayhan Kose), Review of International Economics, November, 2000, Vol. 8, No. 4, 619-633.

"Oligopoly and Customs Unions," in Trade, Theory and Econometrics: Essays in honor of John S. Chipman, (James R. Melvin, James C. Moore and Raymond Riezman, eds.), Routledge, London, 1999, 134-148.

"Can Bilateral Trade Agreements Help to Induce Free Trade?", Canadian Journal of Economics, Volume 32, No. 3, May, 1999, 751-766.

"Small Countries and Regionalism" (joint with Ayhan Kose) forthcoming in The Effects of Economic Globalization and Regional Integration on Small Countries, Nicosia, Cyprus.

"External Shocks and Economic Dynamics: The Case of African Countries" (joint with Ayhan Kose),  Journal of African Finance and Economic Development, Volume 3, Number 1, Fall, 1998, 1-42.

"The Principles of Exchange Rate Determination in an International Finance Experiment" (with Charles Noussair and Charles Plott), Journal of Political Economy, Volume 105, Number 4, August, 1997, 822-861. 

"Political Reform and Trade Policy" (with John D. Wilson), Journal of International Economics, Volume 42, Nos. 1/2, February, 1997, 67-90. 

"The Engine of Growth or its Handmaiden? A Time Series Assessment of Export-Led Growth" (with Peter Summers and Charles Whiteman), Empirical Economics, (1996) 21: 77-110. 

"An Experimental Investigation of the Patterns of International Trade" (with Charles Noussair and Charles Plott), The American Economic Review, June, 1995, 462-491. 

"The Engines of Growth in the APEC Economies, 1950-1990," (with Peter Summers and Charles Whiteman) in Proceedings of the 1995 Econometrics Conference at Monash edited by Catherine Forbes, Paul Kofman and Tim Frey, 121-142. 

"Politics and Trade Policy" (with John D. Wilson) in Modern Political Economy edited by Jeffrey Banks and Eric Hanushek, Cambridge University Press, 1995, 108-144. 

"The Case for Convergence" (with Robert Tamura and Charles Whiteman), Proceedings of the American Statistical Association, Business and Economic Statistics Section, 1993, 59-67. 

"Dynamic Tariff Games with Imperfect Observability," (with Andreas Blume) in Problems of Coordination in Economic Activity, edited by James Friedman, Kluwer, 1993, 185-205. 

"Initial Versus Continuing Proposal Power in Legislative Seniority Systems" (with Richard D. McKelvey) in Political Economy: Institutions, Competition, and Representation, edited by William Barnett, Norman Schofield, and Mel Hinich, Cambridge University Press, 1993. 

"Seniority in Legislatures" (with Richard D. McKelvey), American Political Science Review, December, 1992. 

"Dynamic Tariffs with Asymmetric Information", Journal of International Economics, Vol. 30, No. 3/4, May, 1991, pp. 267-283. 

"Voter Preferences for Trade Policy Instruments" (with Wolfgang Mayer), Economics and Politics, Vol. 2, No. 3, November, 1990, pp 259-273. 

"Optimal Tariff Equilibria with Customs Unions" (with John Kennan), Canadian Journal of Economics, Vol. XXIII, No. 1, February, 1990, pp 70-83. 

"Tariff Formation in a Mutidimensional Voting Model" (with Wolfgang Mayer), Economics and Politics, Vol.1, No. 1, Spring, 1989, pp 61-79. 

"Uncertainty and the Choice of Trade Policy in Oligopolistic Industries" (with Russell Cooper), Review of Economic Studies, Vol. 56, No. 1, January, 1989, pp. 129-140. 

"Do Big Countries Win Tariff Wars?" (with John Kennan), International Economic Review, Vol. 29, No. 1, February, 1988, pp. 81-85. 

"Comment on Levinsohn's 'Empirics of Taxes on Differentiated Products: The Case of Tariffs in the U.S. Automobile Industry'" in Robert E. Baldwin, ed., Trade Policy Issues and Empirical Analysis, University of Chicago Press, Chicago, IL, 1988, pp. 40-41. 

"Endogenous Choice of Trade Policy Instruments", (with Wolfgang Mayer), Journal of International Economics Vol. 23, No 3/4, November, 1987, pp. 377-381. 

"Tariffs and Collection Costs" (with Joel Slemrod), Weltwirtschaftliches Archiv, Vol. 123, No. 3, 1987, pp. 545-549. 

"Customs Unions and the Core", Journal of International Economics, Vol. 19, No. 3/4, November, 1985, pp. 355-366. 

"Comparing Draws for Single Elimination Tournaments," (with Jeff Horen), Operations Research, Volume 33, Number 2, March-April 1985, pp. 249-262. 

"Analysis of Embargoes and Supply Shocks in a Market with a Dominant Seller," (with S. Rao Aiyagari) in Energy, Foresight, and Strategy, Thomas J. Sargent, editor, Resources for the Future, Washington, DC, 1985, pp. 14-40. 

"The Effectiveness of a Devaluation with Money as a Producers Good," (with S.Alexander), Weltwirtschaftliches Archiv, Vol. 118, No. 4, 1982, pp. 611-621. 

"Tariff Retaliation from a Strategic Viewpoint," Southern Economic Journal, Vol. 48, No. 3, January, 1982, pp. 583-593. 

"A Theory of Customs Unions: The Three Country-Two Good Case," Weltwirtschaftliches Archiv, Vol. 115, No. 4, 1979, pp. 701-715. 

"A 3 x 3 Model of Customs Unions," Journal of International Economics, Vol. 9, No. 3, August 1979, pp. 341-354. 

Professional Activities

Director, Midwest International Economics Group  , 1982-

Associate Editor for Review of International Economics, 2013-

Associate Editor for the Economics Bulletin, 2000- 

Co-Editor The North American Journal of Economics and Finance, 2002-2009 

Associate Editor for the Journal of International Economics, 1998- 2002. 

Associate Editor for the Journal of International and Comparative Economics, 1993-1996. 

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