This paper quantifies the gains from openness arising from trade and multinational
production (MP). We present a model that captures key dimensions of the interaction …

We develop a multi-country trade model with domestic investment in physical capital and
foreign direct investment (FDI) in the form of non-rival technology capital. Gravity sub …

Because of scale effects, idea-based growth models imply that larger countries should be
much richer than smaller ones. New trade models share the same counterfactual feature. In …

This paper investigates the role of financial technology (FinTech) in propelling economic
growth in Indonesia from 1998 to 2018. The FinTech industry employs a technology-based …

Empirical studies quantifying the economic effects of increased foreign direct investment
(FDI) have not provided conclusive evidence that they are positive, as theory predicts. This …

Digitalization has an essential role during the pandemic because it helps facilitate various
economic activities. This study aims to analyze the economic digitization of financial …

The increasing prominence of urban scaling laws highlights the importance of a systematic
understanding of the variational scaling rates for different economic activities. In this article …

This paper presents estimates of the economic effects of secession for a large panel of
countries that gained independence between 1940 and 2016. It relies on a semi‐parametric …

A recent body of literature on quantitative general equilibrium models links the creation and
diffusion of knowledge and technology to openness to international trade and to the activity …

We review a recent body of theoretical literature that links the creation and diffusion of
knowledge and technology to openness. We analyze two channels through which the …