This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...

This paper examines the recent upsurge in foreign direct investment by emerging-market firms into the United States. Traditionally, direct investment flowed from developed to developing countries, bringing with it superior technology, organizational capital, and access to international capital...

This dissertation studies the relationship between foreign direct investment (FDI), firmperformance and the exchange rate using a newly assembled dataset on transaction-specific mergers and acquisitions (M&A) and firm-level accounting data for U.S. public firms during 1979–2007. Acquiring...

This dissertation consists of three essays on international trade and investment. In the first essay, I study how cross-country differences in labor market institutions shape the pattern of international trade with a focus on workers' skill acquisition. I develop an open-economy model in which...

Using detailed product-level export data for China and a variant of the Antràs and Helpman (2004) model that includes investments in component search, we examine the sectoral determinants of foreign direct investment (FDI) versus foreign outsourcing in export processing trade. We exploit the...