I investigate the effects of two important channels of technology diffusion (i) Foreign Direct Investment (FDI) and (ii) import of capital goods, on the total factor productivity (TFP) growth. My first essay contributes to the literature by empirically investigating the role of initial distance...

This dissertation investigates the reasons behind international price dispersion. The first essay, International Price Dispersion and the Direction of Trade, discusses the importance of trade cost as a determinant of international price dispersion. The importance of trade costs in segmenting...

This study investigates the implications of firm's demand for real balances from the production and monetary economics perspective. Money is a component of production as a factor increasing efficiency in exchange in input markets. Firms may improve efficiency in production by holding real money...

This dissertation investigates the properties of macroeconomic fluctuations in a small open economy under the presence of sovereign default risk. International borrowing and lending arise from the interaction between a risk averse sovereign representative agent in a small open economy trying to...