International Economics

In a recent paper on “The Great Startup Sellout,” Bruno Pellegrino of Columbia University and a Stigler Center affiliate fellow, and Florian Ederer of Boston University, study how the changing life cycle of startups is affecting competition in the US economy. They conclude that the companies acquiring startups have become more and more insulated from competition.

In recent years, many Asian countries have received attention for their burgeoning economic development and innovation. Much of this development and innovation is driven by business groups, large and highly diversified networks of firms with common ownership (such as Samsung). Simon Commander and Saul Estrin argue in their new book that the role of business groups as catalysts for innovation is much more nuanced than the hype suggests. 

Scholars and policymakers have put much faith into the prospect of internet connectivity catalyzing development in low- and middle-income countries. In new...

Efficiency is out and political economy is in. But what does that imply about making good policy?

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...

The literature on globalization’s impact on women’s workforce participation generally takes a positive outlook but still produces mixed results. In their research,...

One year later, what has the world learned about conflict from the war in Ukraine? In an interview with ProMarket's Walter Frick,...

As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...