conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … reconciliation of theory and evidence is accomplished with a multicountry dynamic general equilibrium model parameterized with data …

of the largest 50 economies in the world, a reduction in entry costs all the way to the U.S. level leads to an average …

usually older than the population average. In a global world with pension systems, however, these effects are less … flows from rapidly ageing regions to the rest of the world will initially be substantial, but that trends are reversed when …

We ask what level of migration would maximize world welfare. We find that skill-neutral policies are never optimal. An …