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Terrorism and the World Economy
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
It has been argued that terrorism should not have a large effect on economic activity, because terrorist attacks destroy only a small fraction of the stock of capital of a country (see, e.g., Becker and Murphy, 2001). In ...
Going Multinational under Exchange Rate Uncertainty
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-02)
A domestic exporting firm faces exchange rate uncertainty and has the option to install capacity abroad, thus becoming multinational. We analyze when the firm should exercise such an option optimally in the context of a ...
Does Immigration Raise Natives’ Income? National and Regional Evidence from Spain
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-04)
How immigration affects the labor market of the host country is a topic of major concern for many immigrant-receiving nations. Spain is no exception following the rapid increase in immigrant flows experienced over the past ...