This paper examines the impact of globalization on the cost of equity capital. We argue that the cost of equity capital … decreases because of globalization for two important reasons. First, the expected return that investors require to invest in … prediction that globalization decreases the cost of capital, but the documented effects are lower than theory leads us to expect …

What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …

in approximately 4000 markets per country. We then move from groundnuts to globalization by building an exact TFP index … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …

"Despite the major advances in information technology that have shaped the recent wave of globalization, openness to … suggests that a particular threat and a limiting factor to globalization and its future developments may be militarist …