Professor of International Economics

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Welcome to my home page. I am a professor of economics at the University of Colorado at Boulder. My principal interests are in the field of international trade. My research for the last 25 years has concentrated on the location, production, and welfare effects of large-scale firms and multinational corporations. I have worked on analytical models, numerical simulation models, and empirical estimation. Many years of work researching multinational firms culminated in a book on the role of multinationals in the international economy, and was published by the MIT press in the summer of 2002. While continuing to work on multinationals and the non-rivaled and non-excludable properties of knowledge capital in particular, I have more recently worked on a diverse set of issues including export-platform foreign direct investment, fragmentation and trade at the extensive margin, and selection and learning effects in multinational firms explaining their higher wages. My most recent work focuses on non-homothetic preferences and explores the role of income elasticities in explaining empirical and policy puzzles.


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>    Recent Publications


>    Teaching


>    Textbook

>    60th Birthday



Most Recent Research

New Publications and Forthcoming:

>    JIE: Caron, Fally, Markusen
Per-capita Income and the Demand for Skills

>     RIE: Horstman, Markusen
Learning to sell in new markets: A preliminary analysis of market entry by a multinational firm

>   JAERE: Markusen
An Alternative Base Case for Modeling Trade and the Environment

>   QJE: Caron, Fally, Markusen
International trade puzzles: a solution linking production and preferences


>   JIE: Markusen

Putting Per-capita Income back into Trade Theory


>   IJET: Markusen and Xie

Outsourcing versus Vertical Integration: Ethier-Markusen meets the Property-Rights Approach

>    JIE: Markusen
Expansion of trade at the extensive margin: a general gains-from-trade result and illustrative examples

>    IER: Egger, Egger, Markusen

International welfare and employment linkages arising from minimum wages

>    SJE: Malchow-Moeller, Markusen, Schjerning

Foreign firms, domestic wages

>    CJE: Chen, Horstman, Markusen
Physical capital, knowledge capital, and the choice between FDI and outsourcing

Working Papers:

>    The Structure of Multinational Firms' International Activities

>    Ronald Jones' Duality Analysis as a Foundation for Applied General Equilibirum Modeling

>    Productivity Differences among Unaffilated Domestic Firms, Licensees and Foreign Subsidiaries

>     Inter-city Specialization and Trade in Functions versus Sectors



Department of Economics, Campus Box 256

University of Colorado at Boulder

Boulder, CO 80309


Phone: (303) 492-0748

Fax: (303) 492-8960