trade costs affect the extent to which various countries participate in domestic, regional or global value chains, and … specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of …This paper develops a multi-stage general-equilibrium model of global value chains (GVCs) and studies the …

This paper examines the extent to which the process of globalization can explain the observed widening in the cross--country … a holdup problem, then the opening up of trade can cause an increase in the dispersion of income across countries … accumulation that favors capital abundant countries. On the empirical front, we document the relevance of the model by examining …

study the equilibrium of a two-country model (North and South), where countries differ in their distributions of ability … globalization affects the size distribution of firms and the patterns of consumption and trade in the global economy …How does the formation of cross-country teams affect the organization of work and the structure of wages? To study this …

concessions to the losers took the form of anti-global policy manifested by immigration restriction in the high-wage countries and …The world has seen two globalization booms over the past two centuries, and one bust. The first global century ended … with World War I and the second started at the end of World War II, while the years in between were ones of anti-global …

This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income … reallocating taxable income dampen these incentives. The behavior of German manufacturing firms from 2002-2008 is consistent with … country taxation, which are more likely to invest in tax havens if they face lower foreign tax rates. Foreign tax rates appear …

policy reforms in several European countries that demonstrate political risk more broadly across social security systems. For … significant decline in their lifetime IRR. Our review of other countries demonstrates political risk in other social security … carry out a detailed quantitative analysis of political risk in the U.S. Social Security system, as well as an overview of …

policy and finds that policy makers never behaved as if they viewed trade and immigration as substitutes …

countries during the period 1870-1914, the last great phase of global convergence before the present postwar era. A standard … convergence mechanisms in this group of countries during the era studied. Since factor accumulation was influenced heavily by …

French policies that funded payments to Germany. Occupation payments required a 16 percent reduction of consumption for …The occupation payments made by France to Nazi Germany between 1940 and 1944 represent one of the largest recorded … international transfers and contributed significantly to financing the overall German war effort. Using a neoclassical growth model …

formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that … cross-country panel of seventeen countries covering the 1850-1997 period, we then uncover a robust correlation between … capital market integration -- and explores key issues surrounding each strand through both institutional/country histories and …