Indicazioni per la tesina di laurea triennale in Economia Internazionale

Transcript

1 Indicazioni per la tesina di laurea triennale in Economia Internazionale Marianna Belloc (Aggiornato: 5 luglio 2016) Indicazioni generali La tesina consiste in un elaborato su tema dell economia internazionale o della politica economica internazionale scelto nella lista (o concordato con il docente fuori dalla lista). L elaborato deve presentare il tema oggetto di analisi in modo chiaro e sintetico, e deve inoltre contenere una rassegna critica dei più importanti lavori rilevanti presenti in letteratura. Il materiale raccolto deve essere presentato in modo originale (cioè non scopiazzando). Questo significa non riportare banalmente il contenuto di un paper dietro l altro (e tanto meno nella semplice traduzione dall inglese all italiano del lavoro altrui) ma, invece, organizzare un percorso d analisi critica. E possibile (anzi raccomandato) utilizzare tabelle riassuntive e figure. La lunghezza della tesina non deve eccedere le 50 pagine (carattere 12, doppia interlinea) tutto incluso, e deve seguire questo schema di massima: 1) Indice con indicazione del numero di pagina. 2) Abstract: breve presentazione del tema (massimo una pagina). 3) Elaborato, suddiviso in sezioni, sottosezioni, etc. 4) Lista di riferimenti bibliografici in ordine alfabetico. 5) Lista di banche dati e siti consultati (se ci sono). Nota bene Indirizzatemi richieste di tesina quando vi manca un esame (al limite due) al completamento del vostro piano di studi, e/o quando mancano due mesi alla sessione in cui intendete laurearvi. Non prima perché non avrei tempo da dedicarvi, dovendo seguire i vostri colleghi che si devono laureare alla sessione precedente. Il materiale per la tesina in questa materia è prevalentemente in inglese, non chiedetemi la tesi se avete problemi nella comprensione dell inglese. Sono necessarie nozioni base di econometria-statistica (oltre che di economia internazionale, economia politica e politica economica). 1

2 Non saranno accettate tesine che ricalcano in modo troppo simile papers già pubblicati, working papers, capitoli di libri, tesi di altri studenti, dispense, libri di testo, etc. Se vengono riportate frasi prese da papers già pubblicati, working papers, capitoli di libri, tesi di altri studenti, dispense, libri di testo etc, esse devono essere messe fra virgolette; il lavoro di riferimento e la pagina devono essere menzionati fra parentesi. Leggerò l elaborato una sola volta, quando questo sarà terminato. Concordate la struttura con me per tempo e rileggete il lavoro attentamente prima di inviarmelo. Mi raccomando l ortografia (non leggerò tesine con errori di ortografia)! Non bombardatemi di . Scrivete solo se avete qualcosa da chiedere. Per piacere brevi e chiare. Indicare come titolo dell tesina triennale (non leggo senza titolo e/o non firmate). Indicazioni per la lista di riferimenti bibliografici Il riferimento bibliografico deve contenere: - se si tratta di un articolo su rivista: autore, anno, titolo del lavoro, rivista, numero di pagine: per es. Paul Krugman, The Increasing Returns Revolution in Trade and Geography, American Economic Review, vol. 99(3): pp se si tratta di un capitolo su libro: autore, anno, titolo del lavoro, titolo del libro, editore, luogo di pubblicazione, numero di pagine: per es. Krugman, Paul R., Industrial organization and international trade, Handbook of Industrial Organization, R. Schmalensee and R. Willig (ed.), Elsevier, New York: pp se si tratta di un libro: autore, anno, titolo del lavoro, titolo del libro, editore, luogo di pubblicazione: per es. Masahisa Fujita, Paul Krugman, Anthony J. Venables, The Spatial Economy: Cities, Regions, and International Trade, MIT Press Books, Cambridge (UK), vol. 1 Date un occhiata al livello degli articoli riportato qui sotto prima di contattarmi per concordare l argomento. 2

3 Lista degli argomenti (Gli argomenti in grigio chiaro sono attualmente non disponibili. Gli argomenti più recenti sono in fondo) La lista dei lavori citati per ogni argomento è indicativa. Il vostro lavoro consiste anche nella ricerca di altro material rilevante. L anno di pubblicazione potrebbe essere diverso da quello indicato: mettete il titolo del lavoro in google e troverete la versione più aggiornata. Gli articoli pubblicati su rivista possono essere scaricati da internet (direttamente dal sito della rivista) se siete collegati ad un pc del Dipartimento di Economia e Diritto (per esempio dalla biblioteca o dalla sala computer). La maggior parte del material non può essere scaricato da casa (perché serve l abbonamento). 1. Institutions and development: the empirical evidence De Long, Brad and Andrei Shleifer, 1993, Princes or Merchants? City Growth Before the Industrial Revolution, Journal of Law and Economics. Hall, Robert and Charles Jones, 1999, Why do Some Countries Produce Much More Output Per Worker than Others?, Quarterly Journal of Economics La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny, 2008, The Economic Consequences of Legal Origins, Journal of Economic Literature. Acemoglu, Daron, Simon Johnson and James Robinson, 2001, The Colonial Origins of Comparative Development: An Empirical Perspective, American Economic Review, 91, Intraindustry Heterogeneity 2.1 Theoretical Models Melitz, Marc J. (2003), The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity, Econometrica, 71: 6, pp Bernard, Andrew B., Stephen Redding, Peter K. Schott (2004), Comparative Advantage and Heterogeneous Firms, NBER Working Paper No Marc Melitz and Gianmarco Ottaviano (2003), Market Size, Trade and Productivity, working paper, Harvard University. Bernard, A.B., J. Eaton, J.B. Jensen and S. Kortum (2003), Plants and Productivity in 3

4 International Trade, American Economic Review, Vol. 93, No. 4, September, pp Empirical Evidence Pavcnik, N. (2002), Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plantsî, The Review of Economic Studies 69, January, pp Helpman, Melitz and Rubinstein (2008), Estimating Trade Flows: Trading Partners and Trading Volumes, Quarterly Journal of Economics. Eaton, Jonathan, Samuel Kortum, and Francis Kramarz (2004), Dissecting Trade: Firms, Industries, and Export Destinations, American Economic Review Papers and Proceedings, 94, pp Bernard, A.B. and J.B. Jensen (1999), Exceptional Exporter Performance: Cause, Effect, or Both? Journal of International Economics, 47(1), Aw, B.Y., S. Chung and M.J. Roberts (2000), Productivity and Turnover in the Export Market: Micro-level Evidence from the Republic of Korea and Taiwan (China), World Bank Economic Review, 14(1), Clerides, S., S. Lach and J. Tybout (1998), Is Learning by Exporting Important? Microdynamic Evidence from Colombia, Mexico, and Morocco, Quarterly Journal of Economics, 113 (3), De Loecker, Jan (2007), Do Exports Generate Higher Productivity? Evidence from Slovenia, Journal of International Economics, 73. Tybout, James (2001), Plant- and Firm-level Evidence on the New Trade Theories ( in E. Kwan Choi and James Harrigan, ed., Handbook of International Trade, Oxford: Basil- Blackwell, 2003, and NBER Working Paper No. 8418). Bernard A., J. B. Jensen, and P. Schott (2006), Trade Costs, Firms and Productivity, Journal of Monetary Economics, Volume 53, Issue 5, July: Bernard, Andrew, J. Bradford Jensen, and Peter K. Schott (2005), Importers, Exporters, and Multinationals: A Portrait of Firms in the U.S. that Trade Goods Eaton, Jonathan, Samuel Kortum, and Francis Kramarz (2004), An Anatomy of International Trade: Evidence from French Firms. Costinot, Arnaud and Ivana Komunjer (2006), What Goods Do Countries Trade? New Ricardian Predictions. 4

5 Chor, Davin (2007), Unpacking Sources of Comparative Advantage: A Quantitative Approach. 2.3 Empirical Applications of Intra-industry Heterogeneity: Wage Inequality Verhoogen, E. (2004), Trade, Quality Upgrading and Wage Inequality in the Mexican Manufacturing Sector: Theory and Evidence from an Exchange-Rate Shock. Bustos, Paula (2006), Rising Wage Inequality in the Argentinean Manufacturing Sector: The Impact of Trade and Foreign Investment on Technology and Skill Upgrading. Yeaple, Stephen (2005), A Simple Model of Firm Heterogeneity, International Trade, and Wages, Journal of International Economics, Volume 65, Issue 1, pp The Relevance of Sunk Costs Roberts M. and J. Tybout (1997), The Decision to Export in Colombia: An Empirical Model of Entry with Sunk Costs, American Economic Review, 87(4), Dixit, A. (1989a), Entry and Exit Decision under Uncertainty, Journal of Political Economy, 97(3), Dixit, A. (1989b), Hysteresis, Import Penetration, and Exchange Rate Pass-Through, Quarterly Journal of Economics, 104(2), Das, M., M. Roberts and J. Tybout (2007), Market Entry Costs, Producer Heterogeneity and Export Dynamics, Econometrica, May, 75:3. Bernard A. and J. B. Jensen (2004), Why Some Firms Export, The Review of Economics and Statistics, Vol. 86, No Firms and the Decision to Invest Abroad: Causes and Effects 3.1 The Proximity-Concentration Hypothesis Brainard, S. Lael (1997), An Empirical Assessment of the Proximity-Concentration Trade-off Between Multinational Sales and Trade, American Economic Review, 87:4, pp Markusen, James R. and Anthony J. Venables (2000), The Theory of Endowment, Intraindustry and Multi-national Trade, Journal of International Economics, 52, pp Helpman, Elhanan, Marc J. Melitz, and Stephen R. Yeaple (2004), Exports versus FDI 5

6 with Heterogeneous Firms, American Economic Review, 94:1, pp Markusen, James R. (1984), Multinationals, Multi-Plant Economies, and the Gains from Trade, Journal of International Economics, 16, pp Markusen, James R. (1995), The Boundaries of Multinational Enterprises and the Theory of International Trade, Journal of Economic Perspectives, 9:2, pp Markusen J. and A. Venables (1998), Multinational Firms and the New Trade Theory, Journal of International Economics, 46(2), Markusen, James R. (2002), Multinational Firms and the Theory of International Trade, Cambridge, MA: MIT Press. 3.2 Vertical FDI Helpman, Elhanan (1984), A Simple Theory of International Trade with Multinational Corporations, Journal of Political Economy, 92:3, pp Yeaple, Stephen (2003), The Role of Skill Endowments in the Structure of U.S. Outward FDI, Review of Economics and Statistics, August, 85(3), pp Antràs, Pol, Luis Garicano and Esteban Rossi-Hansberg (2006), Offshoring in a Knowledge Economy, Quarterly Journal of Economics Helpman, Elhanan and Paul R. Krugman (1985), Market Structure and Foreign Trade, Cambridge, MA: MIT Press. Chapter 12. Hanson G., Mataloni R. and M. Slaughter (2001), Expansion Strategies of U.S. Multinational Firms, in Dani Rodrik and Susan Collins, eds., Brookings Trade Forum 2001, pp Yeaple, Stephen (2003), The Complex Integration Strategies of Multinationals and Cross Country Dependencies in the Structure of FDI, Journal of International Economics, 60, pp Carr, David L., James R. Markusen, and Keith E. Maskus (2001), Estimating the Knowledge-Capital Model of the Multinational Enterprise, American Economic Review, Vol. 91, No. 3, pp Yi, Kei-Mu (2003), Can Vertical Specialization Explain the Growth of World Trade? Journal of Political Economy, 111:1, pp

7 4. The Boundaries of the Multinational Firm Coase, Ronald H. (1937), The Nature of the Firm, Economica, 4:16, pp Grossman, Sanford J., and Oliver D. Hart (1986), The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration, Journal of Political Economy, 94:4, pp Holmstrom Bengt and Paul Milgrom (1994), The Firm as an Incentive System, American Economic Review, 84:4, pp Aghion, Philippe and Jean Tirole (1997), Formal and Real Authority in Organizations, The Journal of Political Economy, Vol. 105, No. 1, pp Tirole, Jean (1988), The Theory of Industrial Organization, Cambridge: MIT Press. Chapter 1. Antràs, Pol (2003), Firms, Contracts, and Trade Structure, Quarterly Journal of Economics, 118:4, pp Antràs, Pol and Elhanan Helpman (2004), Global Sourcing, Journal of Political Economy, 112, pp Yeaple, Stephen R. (2006), Foreign Direct Investment, and the Structure of U.S. Trade, Journal of the European Economic Association, 4, pp Antràs, Pol and Elhanan Helpman (2008), Contractual Frictions and Global Sourcing, forthcoming in E. Helpman, D. Marin, and T. Verdier (eds.), The Organization of Firms in a Global Economy, Harvard University Press. Nunn, Nathan and Daniel Trefler (2008), The Boundaries of the Multinational Firm: An Empirical Analysis, forthcoming in E. Helpman, D. Marin, and T. Verdier (eds.), The Organization of Firms in a Global Economy, Harvard University Press. Helpman, Elhanan (2006), Trade, FDI and the Organization of Firms, Journal of Economic Literature, 44, pp Helpman, Elhanan, Marc J. Melitz, and Stephen R. Yeaple (2004), Export versus FDI with Heterogeneous Firms, American Economic Review 94:1, pp Feenstra, Robert C. and Gordon H. Hanson (2005), Ownership and Control in Outsourcing to China: Estimating the Property-Rights Theory of the Firm, Quarterly Journal of Economics, 120:2, pp McLaren, John (2000), Globalization and Vertical Structure, American Economic 7

8 Review 90:5, pp Grossman, G.M. and Helpman, E. (2002), Integration vs. Outsourcing in Industry Equilibrium, Quarterly Journal of Economics 117 (1), The Effects of Trade and Trade Policy 5.1 Trade and Institutions Jha, Saumitra (2008), Trade, Institutions and religious Tolerance: Evidence from India. Acemoglu, Daron, Simon Johnson and Jim Robinson (2005), The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth, American Economic Review, 95:3, pp Nunn, Nathan (2008), The Long Term Effects of Africa s Slave Trades, Quarterly Journal of Economics, 123:1. Lopez-Cordova, J. Ernesto and Chris Meissner (2005), The Globalization of Trade and Democracy, , NBER Working Paper Do, Quy-Toan and Andrei Levchenko (2007), Comparative Advantage, Demand for External Finance, and Financial Development, Journal of Financial Economics, 86:3, pp Levchenko, Andrei (2012), International Trade and Institutional Change. 5.2 Trade and War Martin, Philippe, Thierry Mayer, and Mathias Thoenig (2008), Make Trade not War? Review of Economic Studies. Martin, Philippe, Thierry Mayer, and Mathias Thoenig (2008), Civil Wars and International Trade, Journal of the European Economic Association. 5.3 Trade and Child Labor Edmonds, Eric, Nina Pavcnik, and Petia Topalova (2007), Trade adjustment and human capital investments: Evidence from Indian tariff reform. Edmonds, Eric and Nina Pavnik (2005), The Effect of Trade Liberalization on Child Labor, Journal of International Economics, 65:2, pp Edmonds, Eric and Nina Pavnik (2006), International Trade and Child Labor: Cross- 8

9 Country Evidence, Journal of International Economics, 68:1, pp Edmonds, Eric, and Nina Pavcnik (2005), Child labor in the global economy, Journal of Economic Perspectives, 19, pp Harrison, Anne E. and Jason Scorse (2006), Multinationals and Anti-sweatshop Activism, American Economic Review 5.4 Trade and the Environment Grossman, Gene M. and Alan B. Krueger (1995), Economic growth and the environment, Quarterly Journal of Economics 110:2, pp Antweiler, Werner, Brian R. Copeland and M. Scott Taylor (2001), Is Free Trade Good for the Environment? American Economic Review, 91:4, pp Eskeland, Gunnar and Anne E. Harrison (2003), Moving to Greener Pastures? Multinationals and the Pollution Haven Hypothesis, Journal of Development Economics, 70:1, pp Taylor, M. Scott (2007), Buffalo Hunt: International Trade and the Virtual Extinction of the North American Bison. Copeland, Brian R. and M. Scott Taylor (2004), Trade, Growth and the Environment, Journal of Economic Literature, 38:1, pp Copeland, Brian R. and M. Scott Taylor (2003), Trade and the Environment: Theory and Evidence, Princeton, NJ: Princeton University Press. Frankel, Jeffrey A. and Andrew K. Rose (2005), Is Trade Good or Bad for the Environment? Sorting out the Causality, Review of Economics and Statistics, 87:1, pp Dasgupta, Susmita, Benoit Laplante, Hua Wang, and David Wheeler (2002), Confronting the Environmental Kuznets Curve Journal of Economic Perspectives, 16:1, pp Trade and Labor Market Frictions Helpman, Elhanan and Oleg Itskhoki (2007), Labor Market Rigidities, Trade and Unemployment. Davidson, Carl, Lawrence Martin and Steven Matusz (1999), Trade and Search 9

10 Generated Unemployment, Journal of International Economics 48, pp Davis, Donald (1998), Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade, American Economic Review 88, pp Davis, Donald and James Harrigan (2007), Good Jobs, Bad Jobs, and Trade Liberalization. Cunat, Alejandro and Marc Melitz (2007), Volatility, Labor Market Flexibility and Comparative Advantage. 7 Effects of Multinational Firms and Offshoring 7.1 Labor Markets Grossman, Gene and Esteban Rossi-Hansberg (2008), Trading Tasks: A Simple Theory of Offshoring, American Economic Review, 98:5, Rodriguez-Clare, Andrès (2010), Offshoring in a Ricardian World, American Economic Journal: Macroeconomics, 2(2): Feenstra, Robert C. and Gordon H. Hanson (1997), Foreign direct investment and relative wages: Evidence from Mexicoís maquiladoras, Journal of International Economics, Volume 42, Issues 3-4, pp Feenstra, Robert C. and Gordon H. Hanson (1999), The Impact of Outsourcing and High- Technology Capital on Wages: Estimates for the U.S., ,îQuarterly Journal of Economics, 114 (3), pp Slaughter, Matthew J. (2000), Production Transfer within Multinational Enterprises and American Wages, Journal of International Economics, Volume 50, Issue 2, pp Hsieh, Chang-Tai and Keong T. Woo (2005), The Impact of Outsourcing to China on Hong Kongís Labor Market, American Economic Review, 95(5): Liu, Runjuan and Daniel Trefler (2008), Much Ado About Nothing: American Jobs and the Rise of Service Outsourcing to China and India, NBER Working Paper No Ebenstein, Avraham, Ann Harrison, Margaret McMillan, and Shannon Phillips (2009), Estimating the Impact of Trade and Offshoring on American Workers Using the Current Population Surveys, NBER Working Paper No Becker, Sascha O. and Marc Muendler (2010), Margins of multinational labor substitution, American Economic Review, 100(5), pp

11 Hummels, David, Rasmus Jorgensen, Jakob Munch, Chong Xiang (2011), The Wage and Employment Effects of Outsourcing: Evidence from Danish Matched Worker Firm Data, NBER Working Paper No Harrison, Anne and Jason Scorse (2010), Multinationals and Anti-Sweatshop Activism, American Economic Review, 100(1): Spillovers Aitken, B. and A. Harrison (1999), Do Domestic Firms Benefit from Foreign Direct Investment? Evidence from Venezuela, American Economic Review, 89(3), pp Smarzynska, Beata (2004), Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers Through Backward Linkages, American Economic Review, Vol. 94, No. 3, pp Greenstone, Michael, Richard Hornbeck and Enrico Moretti (2010), Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings, Journal of Political Economy, Vol. 118, No. 3, pp Economic Geography and Trade Krugman, P. (1991), Increasing Returns and Economic Geography, Journal of Political Economy, 99(3), pp Rossi-Hansberg, Esteban (2002), A Spatial Theory of Trade, American Economic Review, 95:5, pp Fabinger, Michal (2011), Trade and Interdependence in a Spatially Complex World, mimeo Harvard University. Redding, Stephen and Daniel Sturm (2008), The Costs of Remoteness: Evidence from German Division and Re-unification, American Economic Review, 98(5), pp Anderson, James and Eric van Wincoop (2004), Trade Costs, Journal of Economic Literature, Vol. 42, pp Holmes, Thomas (1998), The Effect of State Policies on the Location of Manufacturing: Evidence from State Borders, Journal of Political Economy, 106(4), pp Krugman, Paul and Anthony Venables (1995), Globalization and the Inequality of Na- 11

12 tions, Quarterly Journal of Economics, 110(4), pp Davis, Donald and David E. Weinstein (2002), Bones, Bombs, and Break Points: The Geography of Economic Activity, American Economic Review, pp The Economics of Trade Agreements Bagwell, K. and R.W. Staiger (1999), An Economic Theory of GATT, American Economic Review, Vol. 89, No. 1, pp Bagwell, K. and R.W. Staiger (2001), Domestic Policies, National Sovereignty and International Economic Institutions, Quarterly Journal of Economics, Vol. 116, No. 2, pp Broda, Christian, Nuno Limao, and David E. Weinstein (2008), Optimal Tariffs and Market Power: The Evidence, American Economic Review, 98(5): Ossa, Ralph (2011), A New Trade Theory of GATT/WTO Negotiations, Journal of Political Economy 119(1): Maggi, G., and A. Rodriguez-Clare (1998), The Value of Trade Agreements in the Presence of Political Pressures, Journal of Political Economy, Vol. 106, No. 3, pp Bagwell, K. and R.W. Staiger (1990), A Theory of Managed Trade, American Economic Review, Vol. 80, No. 4, pp Grossman, G., and E. Helpman (1995), Trade Wars and Trade Talks, Journal of Political Economy, Vol. 103, No. 4, pp McLaren, J. (1997), Size, sunk costs and Judge Bowkerís objection to free trade, American Economic Review, Vol. 87, No. 3, pp Maggi, G. (1999), The role of multilateral institutions in international trade cooperation, American Economic Review, Vol. 89, No. 1, pp Antràs, Pol and Robert W. Staiger (2011), Offshoring and the Role of Trade Agreements, American Economic Review. 11. The Global Supply Chains Baldwin, R. (2012) Global Supply Chain: Why They Emerged, Why They Matter, and Where They Are Going On 12

13 Bernard, A.B., E.J. Blanchard, I. Van Beveren, H. Vandenbussche (2012) Carry-Along Trade Costinot, A., J. Vogel, S. Wang (2012) Global Supply Chains and Wage Inequality, American Economic Review Papers and Proceedings 12. Regionalism versus Multilateralism Krugman and Obstfeld (2005), Chapter 9 Ian F. Fergusson (2008), World Trade Organization Negotiations: The Doha Development Agenda, CRS Report for Congress, U.S. Library of Congress. Economist (2009), The Nuts and Bolts Come Apart, March 26 th. Economist (2010), The Recovery in Trade: Defying Gravity and History, August 5 th. Jagdish Bhagwati (1993), Regionalism and Multilateralism: An Overview, in Jaime de Melo and Arvind Panagariya, eds., New Dimensions in Regional Integration, New York: Cambridge University Press. Vinod K. Aggarwal and Min Gyo Koo (2005), Beyond Network Power? The Dynamics of Formal Economic Integration in Northeast Asia, The Pacific Review 18(2), pp Frisch, Regionalism and Multilateralism side by side R. Wonnacott, "Free-Trade Agreements: For Better or Worse" J. Bhagwati, Fast Track to Nowhere, Economist, Oct. 18, Applications to particular RTAs: Il Trattato Transatlantico sul Commercio e gli Investimenti China: the Renminbi versus dollar issue 13

14 à Vedi la sezione intitolata For China 14. The helicopter money Friedman, Milton (1948) A Monetary and Fiscal Framework for Economic Stability. American Economic Review 38 (3): Friedman, Milton (1969) The Optimum Quantity of Money, in Milton Friedman, The Optimum Quantity of Money and Other Essays, Chapter 1. Adline Publishing Company, Chicago. Buiter, Willem H. (2003) Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap, NBER Working Paper Buiter, Willem H. (2014) The Simple Analytics of Helicopter Money: Why It Works Always, Economics 8(28): soldi-banche-centrali-conti-cittadini-ma-e-davvero-possibile shtml?uuid=ACmD3I8C International financial crisis Reinhart, Carmen M., Kenneth S. Rogoff (2011) This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press Reinhart, Carmen M., Kenneth S. Rogoff (2014) This Time is Different: A Panoramic View of Eight Centuries of Financial Crises, NBER Working Paper The economics of fair trade Dragusanu, Raluca, Nathan Nunn (2016) The Impacts of Fair Trade Certification:Evidence From Coffee Producers in Costa Rica. Working Paper Dragusanu, Raluca, Daniele Giovannucci, Nathan Nunn (2016) The Economics of Fair 14

15 Trade, Journal of Economic Perspectives 15