We explore how an incumbent firm’s internal knowledge and organization structure influences its strategic alliance formation. We propose that the firm’s knowledge breadth and the centrality of its R&D organization structure positively influence its absorptive capacity, and consequently, its...

This paper investigates the welfare gains from European trade integration, and the role of comparative advantage in determining the magnitude of those gains. We use a multisector Ricardian model implemented on 79 countries, and compare welfare in the 2000s to a counterfactual scenario in which...

Conventional wisdom suggests that financial liberalization can help countries insure against idiosyncratic risk. There is little evidence, however, that countries have increased risk sharing despite recent widespread financial liberalization. This work shows that the key to understanding this...

The brochure, which includes an introduction by M. Antonio Tajani, the President of the European Parliament, starts by reviewing in brief the European Union's main achievements and the roles of its institutions before describing the work, powers and structure of Parliament. It goes on to outline...

The brochure, which includes an introduction by M. Antonio Tajani, the President of the European Parliament, starts by reviewing in brief the European Union's main achievements and the roles of its institutions before describing the work, powers and structure of Parliament. It goes on to outline...

The brochure, which includes an introduction by M. Antonio Tajani, the President of the European Parliament, starts by reviewing in brief the European Union's main achievements and the roles of its institutions before describing the work, powers and structure of Parliament. It goes on to outline...