Compulsory licensing allows firms in developing countries to produce foreign-owned inventions withoutthe consent of foreign patent owners. This paper uses an exogenous event of compulsory licensingafter World War I under the Trading with the Enemy Act to examine the long run effects of...

This paper examines the link between multinational enterprises and employment growth atthe plant-level. We investigate in detail the comparative response of multinationals anddomestic firms to an economic crisis, using the empirical setting of a well defined case ofeconomic slowdown in Chile as...

Whether people of differing types can live happily together is one of the most important social and political questions concerning urban areas. From a variety of theoretical perspectives, such mixing seems extremely unlikely. While the theoretical result seems well supported in the context of...

This paper investigates whether the industrial relations climate inIndian states has affected the pattern of manufacturing growthin the period 1958-92. We show that states which ammendedthe Industrial Disputes Act in a pro-worker direction experiencedlowered output, employment, investment and...

Starting from Professor Kornai´s assertion about the necessity to focus on the long-termperspectives of the transformation process, we analyze in this paper the Lisbon performanceof the countries of the European Union from such a long-term, structural perspective. Wepresent in a simple form the...

Eastern Germanys recovery from the unification shock has beencharacterized by deep structural change with apparent repercussions for the West as well and an integration process involving both capital deepening (extensive and intensive investment) and labor thinning (net out-migration). I propose...

This paper examines international technology transfers using firm-level data across 43developing countries. Our findings show that exporting and importing activities are importantchannels for the transfer of technology...

In theory, one of the main benefits of financial globalization is that it should allow for moreefficient international risk sharing. In this paper, we provide a comprehensive empiricalevaluation of the patterns of risk sharing among different groups of countries and examinehow international...

Cross-country capital flows have increased greatly, since the liberalization of internationalcapital markets two decades ago. Equity home bias, while less severe than earlier, remains sizeableand is observed in all industrialized countries. There are broadly two classes of explanations for...

This paper reassesses, at the light of economic and financial theory, the well-documented recent evolution of the euro area public debt and equity markets.