Evidence on the long-term impact of market potential on economic development is examined. The paper derives a structural estimation based on the New Economic Geography literature where the level of factors income of a country is related to its export capacity. It evaluates this market potential...

We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the performance of brands. On average, foreign...

This paper presents a framework for estimating and simulating a quantitative spatial model of trade and violence. In this new theoretical and empirical setup, designed for the analysis of bilateral flows, we first model the general equilibrium interactions between the economic and fighting...