frictions in production and distribution of a many country world. The starting point is the international incidence of … reduce sectoral skill premia. Bigger sellers' incidence by country (sector) reduces equilibrium shares of world (national …

This paper explores the emergence of a world economy since 1950 and its implications for the world's labor force. There …, the world economy is still in its adolescence. Rapid integration has occurred among the industrial economies, but … the industrial economies, but not in world income inequality as the income gap between the industrial and developing …

After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …

simplistic models arguing for financial integration typically employed in economics assume convexity; but the world is rife with …

were not possible, and has created much greater access to finance for firms and households. On net, this has made the world …

in equity and debt markets. Such developments are often attributed to the increased integration of world financial … markets. We present a model that allows us to examine how greater integration in world financial markets affects the behavior … concentrated in bonds. As integration progresses and households gain access to world equity markets, the size and volatility of …

between its "exogenous" global PE ratio and the world market PE ratio should predict relative growth …