In this paper, we study the estimation and inference problems for parameters when the data set is obtained by combining data from different sources. In the case where we want to estimate the means of random variables in our data set, we consider the set of estimators that are linear combinations of certain sample averages, and find that one estimator, defined to be the Adjusted estimator, that ...

This paper argues that credit frictions and asset trading costs signi cantly increase the probability of a Sudden Stop in the early stages of nancial globalization, and that this in turn, signi cantly alters the long-run external capital structure of emerging market economies. Upon opening the capital account, domestic agents have an incentive to accumulate debt and sell domestic equity in orde...

We develop a model in which individuals choose education to improve their earnings and regulate the cultural traits they acquire via social transmission. When education makes individuals more receptive to mainstream culture, minority groups underinvest in education as a form of cultural resistance. Economic and cultural incentives interact in surprising ways that increase income inequality. An ...

In a simple model where global trade negotiations precede sequential Free Trade Agreement (FTA) formation, we show global tari¤ negotiations can prevent global free trade: FTA formation can yield global free trade in the absence of global tari¤ negotiations, but global free trade never emerges when global tari¤ negotitaions precede FTA formation. Intuitively, global tari¤ negotiations can preve...

It is a general belief in many cultures that the role of women is to build and maintain the homely affairs like task of fetching water, cooking and rearing children. Since the turn of the century, the status of women in India has been changing due to growing industrialization, globalization, and social legislation. With the spread of education and awareness, women have shifted from kitchen to h...

A psychological perspective has been largely absent in the multidisciplinary discourse surrounding globalization. In this commentary, we highlight the unique contributions that the articles in this special issue have made in advancing a new psychological science of globalization. We discuss the critical role that psychological theory plays in understanding reactions to globalization, and in tur...