show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two … economically significant effect on firm-level volatility, although an increase in the intensity of sales through foreign affiliates … has a stronger effect on volatility than a similar change in firms' export intensity. We also uncover evidence consistent …

offshoring plays for domestic volatility of employment. Offshoring is modeled as in Antràs & Helpman (2004), but we assume … has a pro-offshoring effect. And 2), under this same condition, offshoring increases volatility in domestic employment of … offshoring firms and the volatility of offshore employment of these same firms is larger than volatility of domestic employment …

We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and …

worse. Globalization impacts educational behavior and labor market outcomes differently as the extent of firms engaged in …

According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …

We analyze whether globalization affects the composition of public expenditures for education by integrating arguments … towards lower education. In industrialized countries, on the other hand, globalization has an ambiguous effect on the …