We develop a theoretical framework to explain firms' offshoring decisions in the presence of uncertainty. This model … sharp prediction of the prevalence of offshoring in a given industry: The propensity of firms to source intermediate inputs … particularly pronounced in industries with higher volatility. Combining industry-level data on the U.S. offshoring intensity with …

We provide benchmarks to evaluate what is an optimal foreign debt and a maximal foreign debt (debt-max), when risk is … capital. We consider two sets of high- risk countries during the period 1978-99: a subset of 21 countries that defaulted on … default risk, and add another dimension to the literature of early warning signals of default/credit risk. …

We assess the impact of geopolitical risk and world uncertainty on the sovereign debt risk of 26 European Economies … European country's sovereign risk as measured by 5- and 10-year Credit Default Swaps (CDS) and bond returns. Moreover, this …

study uses a comprehensive approach to assess the impact of rising geopolitical risk on sovereign debt holdings for a panel … investor's portfolios. Our results allow us to conclude that while domestic economic agents display clearer risk aversion …, foreign economic agents have a more risk-taking behaviour in what concerns the financial investment on government debt. …

faster task offshoring in sectors exposed to lower labour-market tightness. We discuss policy implications of these findings. …

This paper studies the welfare and policy implications of globalization when risk averse workers face the risk of … workers against labor income risk, but the latter enhances welfare more if job destruction is the source of unemployment. When …

In this paper we explore the role that demand uncertainty plays for the offshoring decision, and the role that … offshoring plays for domestic volatility of employment. Offshoring is modeled as in Antràs & Helpman (2004), but we assume … firm's employment decision in its domestic and offshore production. In this environment, offshoring is driven by …

techies in 2002 saw greater polarization, and grew faster, from 2002 to 2007. Offshoring reduced employment growth. Among blue …

The offshoring of production by multinational firms has expanded dramatically in recent decades, increasing these firms … probability. We also show that a firm's probability of offshoring increases with the share of its employees who are immigrants …