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Staff Biography


[Photo: Stephen REDDING] Professor Stephen REDDING
Associate - Trade
Email: s.j.redding@lse.ac.uk

Princeton University
Tel: 016092584016
Email: reddings@princeton.edu

Curriculum Vitae PDF  Personal WebSite WWW
Personal WebSite WWW

Expertise: International Trade

Biography:

Stephen Redding's research interests include productivity growth at the firm and industry level, international trade and economic geography. Recent work has examined the relationship between comparative advantage and heterogeneous firms' response to international trade; the role of product choice in understanding firm development and industry dynamics; the uneven effects of Indian liberalization; the role of ‘absorptive capacity' in facilitating the international transfer of technology; and the role played by market access in determining economic prosperity. He was awarded a Philip Leverhulme Prize Fellowship during 2001-4 for his research on international trade and economic growth and a Global Economic Affairs Prize from the Kiel Institute for the World Economy in 2008. He was a Visiting Associate Professor at the Department of Economics, Harvard University during Fall 2007 and was a Peter Kenen Fellow in International Economics at Princeton University during 2005-6. He is currently Director of the Globalization Programme at the Centre for Economic Performance, a Professor in the Economics Department at the London School of Economics, a Research Fellow of the Centre for Economic Policy Research, and a Research Fellow of the Institute for Fiscal Studies. Prior to joining the London School of Economics, he worked as a research economist at the Bank of England on the relationship between international openness and economic growth, published as Openness and Growth, (eds) Proudman and Redding, Bank of England, London. Publications in academic journals include the American Economic Review, Review of Economic Studies, Journal of Economic Perspectives, Journal of the European Economic Association, Review of Economics and Statistics, International Economic Review, Economic Journal, European Economic Review, Journal of International Economics, and Journal of Development Economics.

Current Areas of Research:

International Trade

Economic Geography

Education:

  • BA (First Class), Philosophy, Politics and Economics, Magdalen College, University of Oxford.
  • M. Phil. Economics, Nuffield College, University of Oxford.
  • D. Phil. (PhD) Economics, Nuffield College, University of Oxford.

Awards:

  • Philip Leverhulme Prize Fellowship 2001-2004
  • Peter Kenen Fellow in International Economics, Princeton University, 2005-2006
  • Global Economic Affairs Prize from the Kiel Institute for the World Economy, 2008

Affiliations/Professional activities with other institutions:

  • Department of Economics, London School of Economics - Professor of Economics
  • Centre for Economic Policy Research - Research Fellow, International Trade Programme
  • Institute For Fiscal Studies - Research Fellow

Selected Publications:

  • "The Costs of Remoteness: Evidence from German Division and Reunification" (joint with Daniel Sturm), American Economic Review, 98(5), 1766-1797, 2008.

  • "The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India" (joint with Philippe Aghion, Robin Burgess and Fabrizio Zilibotti), American Economic Review, 98(4), 1397–1412, 2008.

  • "Comparative Advantage and Heterogeneous Firms" (joint with Andrew Bernard and Peter Schott), Review of Economic Studies, 73(1), 31-66, 2007.

CEP Publications

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CEP Discussion Paper
Quantitative Spatial Economics Stephen J. Redding and Esteban Rossi-Hansberg
October 2016
Paper No' CEPDP1452:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F14; R12; R23; R41


Tags: agglomeration; cities; economic geography; quantitative models; spatial economics

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CEP Discussion Paper
A Unified Approach to Estimating Demand and Welfare Stephen J. Redding and David E. Weinstein
August 2016
Paper No' CEPDP1445:
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JEL Classification: D11; D12; E01; E31


Tags: elasticity of substitution; price index; consumer valuation bias; new goods; welfare

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CEP Discussion Paper
Global Firms Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding and Peter K. Schott
April 2016
Paper No' CEPDP1420:
Read Abstract | Full Paper (pdf)

JEL Classification: L11; L21; L25; L60


Tags: firm heterogeneity; international trade; multinationals; multi-product firms

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CEP Discussion Paper
Commuting, Migration and Local Employment Elasticities Ferdinando Monte, Stephen J. Redding and Esteban Rossi-Hansberg
November 2015
Paper No' CEPDP1385:
Read Abstract | Full Paper (pdf)

JEL Classification: F16; J6; J61; R0


Tags: commuting; migration and local employment elasticities

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CEP Discussion Paper
Transportation Costs and the Spatial Organization of Economic Activity Stephen J. Redding and Matthew A. Turner
June 2014
Paper No' CEPDP1277:
Read Abstract | Full Paper (pdf)

JEL Classification: F15; R12; R40


Tags: highways; market access; railroads; transportation

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CEP Discussion Paper
External Integration, Structural Transformation and Economic Development: Evidence From Argentina Pablo Fajgelbaum and Stephen J. Redding
June 2014
Paper No' CEPDP1273:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F14; O13; O14


Tags: external integration; economic development; structural transformation

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CEP Discussion Paper
Missing Gains from Trade? Marc J. Melitz and Stephen J. Redding
January 2014
Paper No' CEPDP1254:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F11; F15


Tags: productivity; sequential production; welfare gains from trade

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CEP Discussion Paper
Firm Heterogeneity and Aggregate Welfare Marc J. Melitz and Stephen J. Redding
April 2013
Paper No' CEPDP1200:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F15


Tags: firm heterogeneity; welfare gains from trade

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CEP Discussion Paper
Task Specialization in U.S. Cities from 1880-2000 Guy Michaels, Ferdinand Rauch and Stephen J. Redding
February 2013
Paper No' CEPDP1186:
Read Abstract | Full Paper (pdf)

JEL Classification: N92; O18; R12


Tags: economic development; human interaction; urbanization

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SERC/Urban and Spatial Programme Discussion Paper
The Economics of Density: Evidence from the Berlin Wall Gabriel M. Ahlfeldt, Stephen J. Redding, Daniel M. Sturm and Nikolaus Wolf
September 2012
Paper No' SERCDP0118:
Read Abstract | Full Paper (pdf)

JEL Classification: N34; O18; R12


Tags: agglomeration; dispersion; density; cities

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CEP Discussion Paper
The Economics of Density: Evidence from the Berlin Wall Gabriel M. Ahlfeldt, Stephen J. Redding, Daniel M. Sturm and Nikolaus Wolf
June 2012
Paper No' CEPDP1154:
Read Abstract | Full Paper (pdf)

JEL Classification: N34; O18; R12


Tags: agglomeration; dispersion; density; cities

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CEP Discussion Paper
Goods Trade, Factor Mobility and Welfare Stephen J. Redding
April 2012
Paper No' CEPDP1140:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F12; F16


Tags: international trade; factor mobility; welfare gains from trade

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CEP Discussion Paper
Trade and Inequality: From Theory to Estimation Elhanan Helpman, Oleg Itskhoki, Marc-Andreas Muendler and Stephen Redding
April 2012
Paper No' CEPDP1138:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F16; E24


Tags: wage inequality; international trade

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CEP Discussion Paper
The Empirics of Firm Heterogeneity and International Trade Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding and Peter K. Schott
October 2011
Paper No' CEPDP1084:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F12; F14


Tags: heterogeneous firms; exporting; importing; productivity

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CEP Discussion Paper
Trade and Labor Market Outcomes Elhanan Helpman, Oleg Itskhoki and Stephen Redding
December 2010
Paper No' CEPDP1028:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F16; J64


Tags: inequality; unemployment; trade; labour market policy

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CEP Discussion Paper
Theories of Heterogeneous Firms and Trade Stephen Redding
August 2010
Paper No' CEPDP0994:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F16; L22


Tags: heterogeneous firms; international trade; within-industry reallocation; selection into exporting

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CEP Discussion Paper
Intra-Firm Trade and Product Contractibility (Long Version) Andrew B. Bernard, J. Bradford Jensen, Stephen Redding and Peter K. Schott
May 2010
Paper No' CEPDP0978:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F23; L14; L23


Tags: related party trade; imports; contract theory; contractibility; intermedication; human capital; physical capital

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CEP Discussion Paper
Wholesalers and Retailers in U.S. Trade (Long Version) Andrew B. Bernard, J. Bradford Jensen, Stephen Redding and Peter K. Schott
February 2010
Paper No' CEPDP0968:
Read Abstract | Full Paper (pdf)

JEL Classification: F10; F14


Tags: wholesaler; retailer; intermediary; international trade

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CEP Discussion Paper
Inequality and Unemployment in a Global Economy Elhanan Helpman, Oleg Itskhoki and Stephen Redding
July 2009
Paper No' CEPDP0940:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F16; E24


Tags: wage inequality; international trade; risk; unemployment

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CEP Discussion Paper
The Empirics of New Economic Geography Stephen Redding
April 2009
Paper No' CEPDP0925:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F14; O10


Tags: new economic geography; market access; industrial location; multiple equilibria

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CEP Discussion Paper
The Margins of US Trade Andrew B. Bernard, J. Bradford Jensen, Stephen Redding and Peter K. Schott
January 2009
Paper No' CEPDP0906:
Read Abstract | Full Paper (pdf)

JEL Classification: F1


Tags: heterogeneous firms; product differentiation; product market entry and exit

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CEP Discussion Paper
Economic Geography: A Review of the Theoretical and Empirical Literature Stephen Redding
January 2009
Paper No' CEPDP0904:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F14; O10


Tags: new economic geography; market access; home market effect; multiple equilibria

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CEP Discussion Paper
Urbanisation and Structural Transformation Guy Michaels, Ferdinand Rauch and Stephen Redding
October 2008
Paper No' CEPDP0892:
Read Abstract | Full Paper (pdf)

JEL Classification: R11; R51


Tags: urbanisation; economic development; urban population; rural population

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CEP Discussion Paper
History and Industry Location: Evidence from German Airports Stephen Redding, Daniel M. Sturm and Nikolaus Wolf
July 2007
Paper No' CEPDP0809:
Read Abstract | Full Paper (pdf)

JEL Classification: F14; F15; N74


Tags: industry location; economic geography; german division; german reunification

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CEP Discussion Paper
Firms in International Trade Andrew B. Bernard, J. Bradford Jensen, Stephen Redding and Peter K. Schott
May 2007
Paper No' CEPDP0795:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F14; O10


Tags: economic geography; international trade

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CEP Discussion Paper
Multi-Product Firms and Trade Liberalization Andrew B. Bernard, Stephen Redding and Peter K. Schott
December 2006
Paper No' CEPDP0769:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F13; L11


Tags: heterogeneous firms; endogenous product scope; love of variety; core competency

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CEP Discussion Paper
Multi-Product Firms and Product Switching Andrew B. Bernard, Stephen Redding and Peter K. Schott
August 2006
Paper No' CEPDP0736:
Read Abstract | Full Paper (pdf)

JEL Classification: D21; E23; L11; L60


Tags: heterogeneous firms; product differentiation; product market entry and exit

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CEP Discussion Paper
The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India Philippe Aghion, Robin Burgess, Stephen Redding and Fabrizio Zilibotti
June 2006
Paper No' CEPDP0728:
Read Abstract | Full Paper (pdf)

JEL Classification: O14; O18; O21


Tags: delicensing; economic development; labour regulation

Development Economics Paper
The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India Philippe Aghion, Robin Burgess, Stephen Redding and F Zilibotti
December 2005
Paper No' DEDPS 45:
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Political Economy and Public Policy Paper
The Costs of Remoteness: Evidence from German Division and Reunification Stephen Redding and Daniel M. Sturm
August 2005
Paper No' PEPP 11:
Read Abstract | Full Paper (pdf)

JEL Classification: F15; N94; O18


Tags: market access; economic geography; german division; german reunification

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CEP Discussion Paper
Products and Productivity Andrew B. Bernard, Stephen Redding and Peter K. Schott
July 2005
Paper No' CEPDP0699:
Read Abstract | Full Paper (pdf)

JEL Classification: L11; D21; L60


Tags: product choice; productivity; deregulation; industry evolution

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CEP Discussion Paper
Factor Price Equality and the Economies of the United States Andrew B. Bernard, Stephen Redding and Peter K. Schott
July 2005
Paper No' CEPDP0696:
Read Abstract | Full Paper (pdf)

JEL Classification: F16; J30; R23; C14


Tags: factor price equality; regional wages; neoclassical trade theory; labor market areas

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CEP Discussion Paper
The Costs of Remoteness: Evidence from German Division and Reunification Stephen Redding and Daniel M. Sturm
May 2005
Paper No' CEPDP0688:
Read Abstract | Full Paper (pdf)

JEL Classification: F15; N94; O18


Tags: market access; economic geography; german division; german reunification

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CEP Discussion Paper
Foreign Ownership and Productivity: New Evidence from the Service Sector and the R&D Lab Rachel Griffith, Stephen Redding and Helen Simpson
September 2004
Paper No' CEPDP0649:
Read Abstract | Full Paper (pdf)

JEL Classification: F23; O47; L60; L80


Tags: foreign investment; productivity; knowledge spillovers

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CEP Discussion Paper
Comparative Advantage and Heterogeneous Firms Andrew B. Bernard, Stephen Redding and Peter K. Schott
August 2004
Paper No' CEPDP0643:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F12; L11


Tags: heckscher-ohlin; international trade; inter-industry trade; intra-industry trade; trade costs; entry and exit

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CEP Discussion Paper
Relative Wage Variation and Industry Location Andrew B. Bernard, Stephen Redding, Peter K. Schott and Helen Simpson
February 2004
Paper No' CEPDP0614:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F14; C14


Tags: deindustrialization; relative factor prices; diversification cones

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CEP Discussion Paper
Product Choice and Product Switching Andrew B. Bernard, Stephen Redding and Peter K. Schott
November 2003
Paper No' CEPDP0594:
Read Abstract | Full Paper (pdf)

JEL Classification: L11; D21; L60


Tags: heterogeneous firms; product differentiation; sunk costs; entry and exit

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CEP Discussion Paper
Productivity Convergence and Foreign Ownership at the Establishment Level Rachel Griffith, Stephen Redding and Helen Simpson
June 2003
Paper No' CEPDP0573:
Read Abstract | Full Paper (pdf)

JEL Classification: F23;O33;O47


Tags: foreign direct investment (fdi); knowledge spillovers; competition

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CEP Discussion Paper
Distance, Skill Deepening and Development: Will Peripheral Countries Ever Get Rich? Stephen Redding and Peter K. Schott
June 2003
Paper No' CEPDP0572:
Read Abstract | Full Paper (pdf)

JEL Classification: F12;F14;O10


Tags: economic geography; human capital; international inequality; international trade

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CentrePiece Article
Patterns of Growth Stephen Nickell, Stephen Redding and Joanna Swaffield
October 2002
Paper No' CEPCP132:
Full Paper (pdf)

CentrePiece 7 (3) Autumn 2002

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CEP Discussion Paper
Explaining Cross-Country Export Performance: International Linkages and Internal Geography Stephen Redding and Anthony J. Venables
September 2002
Paper No' CEPDP0549:
Read Abstract | Full Paper (pdf)

JEL Classification: F12;F14;O10


Tags: economic development; economic geography; international trade

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CEP Discussion Paper
Factor Price Equalization in the UK? Andrew B. Bernard, Stephen Redding, Peter K. Schott and Helen Simpson
September 2002
Paper No' CEPDP0547:
Read Abstract | Full Paper (pdf)

JEL Classification: F14;C14


Tags: elative factor prices; diversification cones; technology; economic geography

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CEP Discussion Paper
Educational Attainment, Labour Market Institutions, and the Structure of Production Stephen Nickell, Stephen Redding and Joanna Swaffield
September 2002
Paper No' CEPDP0545:
Read Abstract | Full Paper (pdf)

JEL Classification: F0;J0;O3


Tags: de-industrialization; educational attainment; factor endowments; labour market institutions; specialization

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CEP Discussion Paper
Measuring the Cost Effectiveness of an R&D Tax Credit for the UK Rachel Griffith, Stephen Redding and John Van Reenen
September 2001
Paper No' CEPDP0509:
Read Abstract | Full Paper (pdf)

JEL Classification: H20; O32; O47


Tags: growth; innovation; r&d; tax credit; total factor productivity (tfp)

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CEP Discussion Paper
The Economic Geography of Trade, Production, and Income: A Survey of Empirics Henry Overman, Stephen Redding and Anthony J. Venables
September 2001
Paper No' CEPDP0508:
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CEP Discussion Paper
Factor Endowments and Production in European Regions Stephen Redding and Mercedes Vera-Martin
July 2001
Paper No' CEPDP0501:
Read Abstract | Full Paper (pdf)

JEL Classification: F11; F14; R13


Tags: factor endowments; heckscher-ohlin; specialization; european integration

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CEP Discussion Paper
Economic Geography and International Inequality Stephen Redding and Anthony J. Venables
May 2001
Paper No' CEPDP0495:
Read Abstract | Full Paper (pdf)

JEL Classification: F12; F14; O10


Tags: economic development; economic geography; international trade

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CEP Discussion Paper
Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries Rachel Griffith, Stephen Redding and John Van Reenen
May 2000
Paper No' CEPDP0458:
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Tags: r and d; human capital; total factor productivity; convergence

CEP Discussion Paper
The Dynamics of International Specialisation Stephen Redding
January 2000
Paper No' CEPDP0437:
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Tags: distribution dynamics; factor endowments; international trade; neoclassical model

CentrePiece Article
Bridging the Productivity Gap Rachel Griffith, Stephen Redding and John Van Reenen
October 1999
Paper No' CEPCP080:
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CentrePiece 4 (3) Autumn 1999

CEP Discussion Paper
Productivity Growth, Convergence, and Trade in a Panel of Manufacturing Industries G Cameron, J Proudman and Stephen Redding
June 1999
Paper No' CEPDP0428:
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CEP Discussion Paper
Path Dependence, Endogenous Innovation and Growth Stephen Redding
May 1999
Paper No' CEPDP0424:
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