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The Resource Globalization : the macroeconomic implications of microeconomic heterogeneity, Andrei A. Levchenko

Globalization : the macroeconomic implications of microeconomic heterogeneity, Andrei A. Levchenko

Label
Globalization : the macroeconomic implications of microeconomic heterogeneity
Title
Globalization
Title remainder
the macroeconomic implications of microeconomic heterogeneity
Statement of responsibility
Andrei A. Levchenko
Creator
Subject
Language
eng
Summary
We live in an era of globalization: ever increasing international integration of goods, capital, and labor markets. The benefits and costs of increased trade and financial integration in the world today continue to be hotly debated. The reason globalization is controversial is that the impact of globalization is often nuanced, and theory reveals many possibilities. The impact of globalization on macroeconomic outcomes thus remains an empirical and quantitative question. Levchenko collects, in one volume, the results of a multi-year research program to build heterogeneous firm and sector models for the quantitative evaluation of globalization. The volume explores the impact of globalization on both welfare and macroeconomic fluctuations using these micro-founded quantitative models. Recent advances in international trade have built tractable theoretical models that can be implemented numerically and used to evaluate quantitatively the impact of a variety of phenomena. These models are global in scale — encompassing as many as 80 countries as well as multiple sectors — and at the same time feature rich micro-foundations of firm and technological heterogeneity. This combination means it is now possible to dramatically expand the set of questions that can be answered, in particular regarding the consequences of real-world heterogeneity present in the global economy, both at the firm and sector level. The book uses these frameworks to address the central questions about globalization around the world: the impacts of reductions in trade costs, long-run changes in comparative advantage, and migration of labor, among others. The book aims to provide a unifying perspective that merges traditional theory, econometric evaluation, and quantitative modeling. The running theme of this research program is that in order to understand the macroeconomic impact of globalization, it is essential to measure, and model, the microeconomic heterogeneity in the economy.--
Member of
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Levchenko, Andrei A
Dewey number
303.4
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
World Scientific studies in international economics
Series volume
54
http://library.link/vocab/subjectName
  • International trade
  • Globalization
  • Industrial organization (Economic theory)
Label
Globalization : the macroeconomic implications of microeconomic heterogeneity, Andrei A. Levchenko
Instantiates
Publication
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn907172890
Dimensions
24 cm.
Extent
xix, 319 pages
Isbn
9789814663007
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)907172890
Label
Globalization : the macroeconomic implications of microeconomic heterogeneity, Andrei A. Levchenko
Publication
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ocn907172890
Dimensions
24 cm.
Extent
xix, 319 pages
Isbn
9789814663007
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)907172890

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