Dave Donaldson: Winner of the 2017 Clark Medal

Abstract

The 2017 John Bates Clark Medal of the American Economic Association was awarded to Dave Donaldson for his path-breaking contributions in international trade. Donaldson’s work sheds light on some of the central questions of international economics, ranging from the economic and welfare implications of market integration within a country to testing the core empirical predictions of models of international trade based on comparative advantage. In these areas, empirical work faces the challenge of taking into account the broader equilibrium implications of changes in policies or economic conditions—that is, the possibility that bilateral relations between two regions or countries will affect others via trade diversion or their effects on equilibrium prices. Donaldson’s work has managed to address these challenges by combining careful theory with detailed and creative empirical work. Indeed, this research strategy has turned Dave into a leader in the revival of empirical work in international trade.