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The sustainability of empire in a global perspective: the role of international trade patterns (2017)
Journal Article
Bonfatti, R. (2017). The sustainability of empire in a global perspective: the role of international trade patterns. Journal of International Economics, 108, doi:10.1016/j.jinteco.2017.06.002. ISSN 0022-1996

I construct a model in which a colony trades raw materials for manufactures with the mother country and the rest of the world, and can rebel at the cost of some trade disruption with the mother country. Decolonisation is more likely when the rest of... Read More

From mine to coast: transport infrastructure and the direction of trade in developing countries (2017)
Journal Article
Bonfatti, R., & Poelhekke, S. (2017). From mine to coast: transport infrastructure and the direction of trade in developing countries. Journal of Development Economics, 127, doi:10.1016/j.jdeveco.2017.03.004. ISSN 0304-3878

Mine-related transport infrastructure typically connects mines directly to the coast, a pat- tern that is most clearly seen in Africa. We estimate the effect of such infrastructure on the pattern of bilateral trade flows. We find that a standard devi... Read More

Tax policy and the financing of innovation (2016)
Journal Article
Bryce, L. A., Bonfatti, R., & Luigi, P. (2016). Tax policy and the financing of innovation. Journal of Public Economics, 135, doi:10.1016/j.jpubeco.2015.12.010. ISSN 0047-2727

We study tax policy in a Schumpeterian growth model with asymmetric information in the financing of innovation. Investors cannot a priori distinguish between more or less talented entrepreneurs. Net-worth allows talented entrepreneurs to self-invest... Read More

Trade and the allocation of talent with capital market imperfections (2012)
Journal Article
Bonfatti, R., & Ghatak, M. (2013). Trade and the allocation of talent with capital market imperfections. Journal of International Economics, 89(1), (187-201). doi:10.1016/j.jinteco.2012.07.005. ISSN 0022-1996

Trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries. This is in apparent conflict with neoclassical theory, according to which trade should decrease the... Read More