In recent years we witnessed an increasing role of emerging economies in world capital markets.
Massachusetts Institute of Technology. Daron Acemoglu, Ricardo J. Massachusetts Institute of Technology Date Issued: This dissertation analyzes different aspects of the globalization process. In recent years we witnessed an increasing role of emerging economies in world capital markets.
Moreover, there has been a large reduction in trade costs which 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 relationship between globalization and the appearance of rational bubbles.
It 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 possibility of having a bubble in the financially developed country increases. It also shows that, conditional on having a bubble, globalization raises house prices only when the bubble is attached to houses.
The second essay, co-authored 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 in communication costs. It shows that wage inequality always rises in the South.
However, wage polarization emerges in the North during the Second Globalization. Moreover, 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 of specialization. The third essay studies how financial institution differences affect the offshoring choice of firms. It shows that financial institution differences affect the optimal contract offered to the supplier and are enough to generate a product cycle.
Production is kept in North when the good is new and it is shifted to the South as it becomes more standardized.About The Department. Recent PhD Theses. Essays on the Economics of Labor Markets Bartik, Alexander.
Essays on Auctions, Contests, and Games Bhattacharya, Vivek. Essays in International Trade and Labor Market Cantoni, Enrico.
Macroeconomics and Financial Fragility Essays on International Economics Basco Mascaro, Sergi . How To Write Essay Writing In English >>>CLICK HEREmascaro sergi how to make the best persuasive essay. Sergi Basco Mascaro.
Ph.D. Massachusetts Institute of Technology Essays on International economics. Mathematics Subject Classification: 91—Game theory, economics, social and behavioral sciences The Mathematics Genealogy Project is in need of funds to help pay for student help and other associated costs.
About The Department. Recent PhD Theses. Essays on the Economics of Labor Markets Bartik, Alexander. Essays on Auctions, Contests, and Games Bhattacharya, Vivek. Essays in International Trade and Labor Market Cantoni, Enrico. Macroeconomics and Financial Fragility Essays on International Economics Basco Mascaro, Sergi Essays in.
Sergi Basco Mascaro Prerequisites The knowledge resulting from having completed the course "Introduction to Economics" and "International Economy", ie, an understanding of basic concepts of economics and knowledge of broadly the evolution of the Writing essays, presentations and class exercises 20% 2 2, 10, 4, 1, 5, 6, 8, 7, 9, 11, Ageing, health, and productivity: the economics of increased life expectancy / [edited by Oxford Univeristy Press, o Economic Policy in the International Economy: Essays in Honor of Assaf Razin o Cole, G.
D. H. (George Douglas Howard), Mascaro, Steven Author.