Research

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Title
Author(s)
Year
John Londregan
2016
Do trading partners’ political institutions matter in international trade? In answering this question, researchers typically relate aggregate measures of institutional structure with total volumes of bilateral trade, while pairs that do not trade are ...
Miguel Centeno
2015
In this article, we discuss the increasing interdependence of societies, focusing specifically on issues of systemic instability and fragility generated by the new and unprecedented level of connectedness and complexity resulting from globalization. We ...
G. John Ikenberry
2015
This book brings together twelve scholars–-six Americans and six Chinese-–to explore the ways America and China think about international order. What are the traditions, historical experiences, and ideologies that each country brings to debates about how ...
2015
The multilateral trade regime has significantly evolved in both depth of policy commitments among WTO members and breadth of membership. As members deepened policy commitments toward each other, total membership simultaneously expanded from 23 countries ...
Gene Grossman
2015
We study the distributional consequences of trade in a world with two industries and two heterogeneous factors of production. Productivity in each production unit reflects the ability of the manager and the abilities of the workers, with complementarity ...
Marc Fleurbaey
2015
A free trade is always Pareto-improving. But some “free trades” are actually forced in the sense that they reflect the trader’s poverty rather than his or her preferences. We propose a rigorous concept of forced trade, and apply it to the ethical ...
Gene Grossman
2015
Paul Romer (1986, 1990) ve Robert Lucas (1988)’in makaleleri bize; ölçeğe göre artan getirilerin mevcut olduğu bir ekonomik ortamda yatırım gerçekleştiğinde, sermayenin marjinal ürününün iskonto oranına göre zamanla düşmesi gerekmediğini hatırlatmıştır. ...
2015
This paper develops a dynamic two-country neoclassical stochastic growth model with incomplete markets. Short-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient due to pecuniary externalities. First ...
Gene Grossman
2015
We study patterns of foreign direct investment (FDI) in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to ...