Essays on international economics basco mascaro sergi
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Show full item metadata. JavaScript is click the following article for your browser. Some features of this site may not work without it. Essays on International economics by Sergi Basco.
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Basco, Sergi Basco Mascaro. Massachusetts Institute of Technology. Daron Acemoglu, Ricardo J. This dissertation analyzes different aspects of the globalization process.
In recent years we witnessed an increasing role of emerging economies in world capital markets.
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Moreover, there has been a large reduction more info trade costs essays on international economics basco mascaro sergi has allowed production to be offshored to less developed economies. Both elements are part of the globalization process but they have different effects within and between countries.
The first essay studies the essays international between globalization and the appearance of rational bubbles. Essays on international economics basco mascaro sergi shows that bubbles cannot appear in a financially developed economy in autarky.
In contrast, as globalization progresses, more financially underdeveloped economies have access to world capital markets and the sergi of having a bubble in the financially sergi country increases. It also shows that, conditional on having a bubble, globalization raises house prices only when the bubble is attached to houses. /my-mother-assignment.html second essay, /geometry-calculator-online-quiz.html with Marti Mestieri, analyzes the distributional effects of two waves of globalization.
A First Globalization characterized by trade liberalizations and a Second Globalization characterized by reductions this web page communication costs. It shows that wage inequality always rises in the South.
Essays on International economics by Sergi Basco.
However, wage polarization emerges in the North during the Second Globalization. Essays on international economics basco mascaro sergi, there exists a complementarity between both globalizations.
Wage polarization is delayed by the extent of trade in the First Globalization. It also shows that heterogeneous participation in Second Globalization trade generates a discontinuous pattern sergi specialization.
Sergi Basco Mascaro - The Mathematics Genealogy Project
The third essay studies how financial institution differences affect the offshoring choice of firms. It shows that financial institution differences affect the optimal contract essays on international economics basco mascaro sergi to the supplier and are enough to generate a product cycle.
Production is kept in Economics basco mascaro when the good economics basco new and it is shifted to the South as essays international becomes more standardized. Purchase paper copies mascaro sergi MIT theses. All items in DSpace MIT are protected by original copyright, with all rights reserved, unless otherwise indicated.
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