The Canada-U.S. Free Trade Agreement (FTA) provides a unique window on the effects of trade liberalization. It was an unusually clean trade policy exercise in that it was not bundled into a larger package of macroeconomic or market reforms. This paper uses the 1989-96 Canadian FTA experience to...

This paper makes three observations about international trade and immigration. (i)" Borjas has argued that immigration may yield a net social benefit even though it hurts those less-skilled workers who directly compete with immigrants. I show that this closed-economy" argument unravels when...

This thesis groups three papers examining the role of multi-location firms in the geographic diffusion of knowledge. The first chapter examines whether a firm's headquarters can tap into the knowledge pool in a remote location through FDI. Using U.S. patent data, I show that an R&D headquarters...