assaf razin curriculum vitae · assaf razin: curriculum vitae i. bio 1941: born in kibbutz shamir,...

June 2003

Assaf Razin: CURRICULUM VITAE I. BIO 1941: Born in Kibbutz Shamir, Israel 1958-1959: Military service in the Israel Defense Forces (IDF)-disabled

Veteran Wife: Shula Razin Children: Einat Razin (born 1973), Ronny Razin (born 1969), and Ofair Razin (born 1966, died 1996) Grandchild: Iddo Razin (born 1999) Email1: [email protected]; Website1: http://www.tau.ac.il/~razin Email2: [email protected] Website2: http://arts.cornell.edu/econ/arazin II. PROFESSIONAL EDUCATION (Reversed chronological order) The University of Chicago: 1966-1969

1969 Ph.D., Economics

Dissertation: "Investment in Human Capital And Economic Growth: A Theoretical Study".

1968 M.A., Economics The Hebrew University

1966 M.Sc., Agricultural Economics (with distinction) (Hebrew University, The Rehovot Extension)

1961-1963 B.A. Studies in Economics

(Hebrew University, The Tel Aviv Extension)

mailto:[email protected];

mailto:[email protected]

http://arts.cornell.edu/econ/arazin

PROFESSIONAL AFFILIATIONS Current Positions: The Mario-Henrique Simonsen Professor of Public Economics,

Tel Aviv University And, The Friedman Professor of International Economics, Cornell University.

Since 1994: Fellow, The Econometric Society Since 1992: Research Fellow, Center for Economic Policy Research (CEPR),

London, UK Since 1985: Research Associate, National Bureau of Economic Research (NBER),

Cambridge, USA Since 1999: Research Associate, and a member of the scientific committee,

Center for Economic Studies (CES-Ifo), Munich, Germany 1995-2001: Member, Council of the European Economic Association Since 1999: Member, Advisory Board, CES-ifo, Munich 1993-1994: President, Israel Economic Association (IEA) 1980-1993: Daniel and Grace Ross Chair in International Economics, Tel Aviv University

Visiting Professor Positions (Reversed chronological order) 3 years: 1999-2001 Visiting Professor, Department of Economics, Stanford University 1998 Visiting Professor, Department of Economics, Harvard University 5 Years: 1986, 1987

1991, 1995, and 1997

Visiting Professor, Department of Economics, University of Chicago

1992 Visiting Professor, Department of Economics, Yale University 1984 Visiting Professor, Department of

Economics, Princeton University 2 Years: 1976, 1981

Visiting Professor, Department of Economics, University of Pennsylvania

1979 Visiting Professor, Department of

Economics, University of California at Berkeley

Visiting Professor, Department of Economics,

1977-1978 Northwestern University 4 years: 1971, 1972, 1973, and1974 Visiting Professor, University of Minnesota 1969-1970 Assistant Professor, University of Minnesota

Visiting Scholar, and Research Consultant 1987-to-2002: Visiting Scholar, Research Department,

International Monetary Fund 1996: Resident Scholar, Research Department,

International Monetary Fund 1998, 2000, and 2003:

Visiting scholar, EPRU, University of Copenhagen 1992, 1996: Visiting Scholar, CES, The University of Munich 1991, 1992, 2000:

Visiting Scholar, Board of Governors, Federal Reserve System, Washington DC

1987 Visiting scholar, Macroeconomics Division,

Development Research Department, World Bank 1989 Visiting Scholar, Center for Advanced Studies, Hebrew University, Jerusalem 1985, 1982, 1980,1981 Visiting Scholar, Institute for International

Economic Studies, University of Stockholm, Stockholm, Sweden

Journal Editorship 1999- 2001:

Co-Editor, International Tax and Public Finance 1993-current:

Co-Editor, Rivoon L’Calcala, The Journal of the Israeli Economic Association (IEA)-Hebrew

2003: Co-Editor Israel Economic Review 1987-1990, and 1995-1999:

Associate Editor, Journal of International Economics 1995-99 Associate Editor, Journal of Public Economics 1993- Associate Editor, Review of International Economics Director, Corporate Boards 1997-2002 Director, The First International Bank of Israel, Tel Aviv, Israel 1998- Director, Gan-Shmuel Food, Israel

1990-1996: Chairman of the Capital Market Investment committee,

Israel Public Sector Provident Funds, Bank Yahav, (Bank Hapoalim Group), Israel Public Service in Israel 2002: Member of the Rabinovitch Tax Reform commission (on Labor, Capital

and International Taxation, appointed by Israel Finance Minister); Committee proposal legislated on July 24, 2002.

1997-1999: Chief Economic Advisor, Israel’s Employers’ Association 1979: Director, The Economic Planning Authority (served as the

Council of Economic Advisers) and Chief Economic Adviser to the Government of Israel, Ministry of Finance, Israel

Academic Administration

1993-1994 Deputy Provost, Tel Aviv University 1981-1986 Dean, The Faculty of Social Sciences, Tel Aviv University, Israel 1978-1981 Founder- Director, The Pinchas Sapir Center

for Development, Tel Aviv University

1974-1976 Chair, Department of Economics, Tel Aviv University III. Academic Positions, Tel Aviv University 1979- current: Full Professor 1975-1978: Associate Professor 1972-1974: Senior Lecturer (Tenured) 1970-1972: Lecturer

IV. Festschrift

Economic Policy in the International Economy Essays in Honor of Assaf Razin Edited by Elhanan Helpman, Efraim Sadka November, 2002 Download: http://us.cambridge.org/titles/catalogue.asp?isbn=0521815193

Contents

Part I. Financial Issues in Open Economies: Theory: 1. Crises: the next generation? Paul Krugman; 2. Solutions to the ‘devaluation bias’: some preventive measures to defend fixed exchange rates against self-fulfilling attacks Chi-Wa Yuen; 3. Growth-Enhancing Effects of bailout-guarantees Aaron Tornell;4. Risk and Exchange-rates Maurice Obstfeld and Kenneth S. Rogoff; Part II. Financial Issues in Open Economies: Empirics: 5.Economic integration, industrial specialization, and the asymmetry of macroeconomic fluctuations, Sebnem Kalemli-Ozcan, Bent E. Sorenson and Oved Yosha; 6. Uncovered interest parity in crisis: the interest rate defense in the 1990s Robert P. Flood and Andrew K. Rose; 7. When does capital account liberalization help more than it hurts? Carlos Arteta, Barry Eichengreen and Charles Wyplosz; 8.Sources of inflation in developing countries, Prakash Loungani and Phillip Swagel; Part III. Economic Growth: Theory and Empirics: 9.Growth effects and the cost of business cycles, Gadi Barlevy; 10.Explaining economic growth, Yair Mundlak; Part IV. Public Economies: 11. Simulating fundamental tax reform in the United States David Altig, Alan J. Auerbach, Laurence J. Kotlikoff, Kent A. Smetters and Jan Walliser; 12.The international macroeconomics of taxation and the case against European tax harmonization Enrique G. Mendoza; 13.Home bias in portfolios and taxation of asset income Roger H. Gordon and Vitor Gaspar; 14. Social dumping in the transformation process; Part V. Political Economy: 15. Do political institutions shape economic policy? Torsten Persson.

V. NBER Working Papers Download: https://www.nber.org/papers/

w9662 The Role of Information in Driving FDI Flows: Host-Country Tranparency and Source Country Specialization with Ashoka Mody, Efraim Sadka, May 2003 w9606 A Brazilian-Type Debt Crisis: Simple Analytics with Efraim Sadka, April 2003 w9426 An Information-Based Trade Off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency, and Welfare with Itay Goldstein, January 2003 w9332 Trade Openness, Investment Instability and Terms-of-Trade Volatility with Efraim Sadka, Tarek Coury, November 2002 w9278 The Stability and Growth Pact as an Impediment to Privatizing Social Security with Efraim Sadka, October 2002 w9255 The Role of Information in Driving FDI: Theory and Evidence

http://us.cambridge.org/titles/catalogue.asp?isbn=0521815193

https://www.nber.org/papers/

http://www.nber.org/papers/w9662










with Ashoka Mody, Efraim Sadka, October 2002 w9204 FDI Contribution to Capital Flows and Investment in Capacity September 2002 w9211 A Brazilian Debt-Crisis Model with Efraim Sadka, September 2002 w9160 A Brazilian Debt-Crisis with Efraim Sadka, September 2002 w9008 Gains from FDI Inflows with Incomplete Information with Efraim Sadka, June 2002 w8827 Trade Openness and Investment Instability with Efraim Sadka, Tarek Coury, March 2002 w8659 Why International Equity Inflows to Emerging Markets are Inefficient and Small Relative to International Debt Flows with Efraim Sadka, Chi-Wa Yuen, December 2001 w8405 The Aging Population and the Size of the Welfare State with Efraim Sadka, Phillip Swagel, July 2001 w8313 The "New Keynesian" Phillips Curve: Closed Economy vs. Open Economy with Chi-Wa Yuen, June 2001 w8171 Country Risk and Capital Flow Reversals with Efraim Sadka, March 2001 w7736 Do Debt Flows Crowd Out Equity Flows Or the Other Way Round? with Efraim Sadka, Chi-Wa Yuen, June 2000 w7400 Excessive FDI Flows Under Asymmetric Information with Efraim Sadka, Chi-Wa Yuen, October 1999 r2242 Optimal International Taxation and Growth Rate Convergence: Tax Competition vs. Coordination with Chi-Wa Yuen, August 1999 w7115 Understanding the "Problem of Economic Development": The Role of Factor Mobility and International Taxation with Chi-Wa Yuen, May 1999 w7013 Unskilled Migration: A Burden or a Boon for the Welfare State with Efraim Sadka, March 1999 w6884 An Information-Based Model of Foreign Direct Investment: The Gains from Trade Revisited with Efraim Sadka, Chi-Wa Yuen, January 1999 w6778 Migration and Pension with Efraim Sadka, November 1998 w6734 Tax Burden and Migration: A Political Economy Theory and Evidence with Effraim Sadka, Phillip Swagel, September 1998 w6620 Current Account Reversals and Currency Crises: Empirical Regularities with Gian Maria Milesi-Ferrett, June 1998 w5135 Factor Mobility and Income Growth: Two Convergence Hypotheses with Chi-Wa Yuen, March 1998 w5433 Labor Mobility and Fiscal Coordination with Chi-Wa Yuen, March 1998 w6310 Sharp Reductions in Current Account Deficits: An Empirical Analyis with Gian Maria Milesi-Ferrett, December 1997 w6338 Channeling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment with Efraim Sadka, Chi-Wa Yuen, December 1997 w6339 Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation with Efraim Sadka, Chi-Wa Yuen, December 1997 w4230 International Migration and International Trade with Efraim Sadka, October 1997 w5791 Current Account Sustainability: Selected East Asian and Latin














http://www.nber.org/papers/r2242




















American Experiences with Gian Maria Milesi-Ferrett, March 1997 w5850 Tax Burden and Migration: A Political Economy Perspective with Efraim Sadka, December 1996 w5467 Sustainability of Persistent Current Account Deficits with Gian Maria Milesi-Ferrett, December 1996 w5028 Capital Income Taxation and Long Run Growth: New Perspectives with Chi-Wa Yuen, April 1996 w3796 Vanishing Tax on Capital Income in the Open Economy with Efraim Sadka, April 1996 w5513 Tax Principles and Capital Inflows: Is It Efficient to Tax Nonresident Income? with Efraim Sadka, Chi-Wa Yuen, March 1996 w5239 Can Capital Controls Alter the Inflation-Unemployment Tradeoff? with Chi-Wa Yuen, August 1995 w4334 The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence July 1995 w4903 Resisting Migration: The Problems of Wage Rigidity and the Social Burden with Efraim Sadka, June 1995 w4864 Effective Tax Rates in Macroeconomics: Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption with Enrique G. Mendoza, Linda L. Tesar, April 1995 w3779 International Fiscal Policy Coordination and Competition: An Exposition with Efraim Sadka, February 1995 w4208 Business Cycle Volatility and Openness: An Exploratory Cross-Section Analysis with Andrew Rose, August 1994 w4214 Convergence in Growth Rates: The Role of Capital Mobility and International Taxation with Chi-Wa Yuen, August 1994 w3662 Targeting the Exchange Rate: An Empirical Investigation with Shula Pessach, April 1994 w3531 Tax Policy, Investments in Human and Physical Capital, and Productivity with Marc Nerlove, Efraim Sadka, Robert K. von Weizsacker, July 1993 w4336 Convergence in Growth Rates: A Quantitative Assessment of the Role of Capital Mobility and International Taxation with Chi-Wa Yuen, April 1993 w3738 Determinants of External Imbalances: The Role Taxes, Government Spending and Productivity with Leonardo Leiderman, April 1992 w3152 International Tax Competition and Gains from Tax Harmonization with Efraim Sadka, December 1991 w3080 Optimal Incentives to Domestic Investment in the Presence of Capital Flight with Efraim Sadka, October 1991 w2699 A Strategic Altruism Model In Which Ricardian Equivalence Does Not Hold with Laurence J. Kotlikoff, Robert W. Rosenthal, August 1991 w3281 Capital Market Integration: Issues of International Taxation with Efraim Sadka, April 1991 w3656 International VAT Harmonization: Economic Effects with Jacob A. Frenkel, Steve Symansky, March 1991 w2389 Fiscal Policies and the Stock Market: International Dimensions January 1991




































w3540 Basic Concepts of International Taxation with Jacob Frenkel, Efraim Sadka, December 1990 w2927 International Spillovers of Taxation with Jacob A. Frenkel, Steve Symansky, July 1990 w2863 Integration of the International Capital Markets: The Size of Government and Tax Coordination with Efraim Sadka, July 1990 w2779 A Bequest-Constrained Economy: Welfare Analysis with Marc Nerlove, Efraim Sadka, August 1989 w2653 Exchange-Rate Management Viewed as Tax Policies with Jacob A. Frenkel, August 1989 w2873 International Effects of Tax Reforms with Jacob A. Frenkel, July 1989 w2065 Fiscal Policies and Real Exchange Rates in the World Economy with Jacob A. Frenkel, June 1989 w2321 The Mundell-Flemming Model: A Quarter Century Later with Jacob A. Frenkel, April 1989 w2003 Propogation of Shocks in a High-Inflation Economy: Israel, 1980-85 with Leonardo Leiderman, April 1989 r1152 Budget Deficits Under Alternative Tax Systems with Jacob A. Frenkel, March 1989 w2258 Testing Ricardian Neutrality with an Intertemporal Stochastic Model with Leonardo Leiderman, February 1989 w2735 Making Bequests Without Spoiling Children: Bequests as an Implicit Optimal Tax Structure and the Possibility That Altruistic Bequests are not Equaliz with Laurence J. Kotlikoff, October 1988 w1590 Exchange Rate Management: Intertemporal Tradoffs with Elhanan Helpman, April 1987 w2080 Deficits with Distortionary Taxes: International Dimensions with Jacob A. Frenkel, November 1986 w1799 The International Transmission and Effects of Fiscal Policies with Jacob A. Frenkel, October 1986 w2032 Consumption and Government-Budget Finance in a High-Deficit Economy with Leonardo Leiderman, September 1986 w1354 Budget Deficits and Rates of Interest in the World Economy with Jacob A. Frenkel, August 1986 w1902 The Limited Viability of Dual Exchange-Rate Regimes with Jacob A. Frenkel, April 1986 w1266 Fiscal Policies, Debt, and International Economic Interdependence with Jacob A. Frenkel, January 1986 w1527 The International Transmission of Fiscal Expenditures and Budget Deficits in the World Economy with Jacob A. Frenkel, December 1984 w1075 International Capital Movements Under Uncertainty with Gene M. Grossman, October 1984 r0253 Stochastic Prices and Tests of Efficiency of Foreign Exchange Markets with Jacob A. Frenkel, March 1982

VI. CEPR Discussion Papers Discussion Papers authored/co-authored by Professor Assaf Razin




























3747. An Information-Based Trade-off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency and Welfare, Authors: Itay Goldstein and Assaf Razin

3682. 'The Stability and Growth Pact as an Impediment to Privatizing Social Security' Authors: Assaf Razin and Efraim Sadka

3582. The Open Economy Phillips Curve: 'New Keynesian' Theory and Evidence Authors: Prakash Loungani, Assaf Razin and Chi-Wa Yuen

3541. A Brazilian Debt-Crisis Model Authors: Assaf Razin and Efraim Sadka

3259. Trade Openness and Investment Instability Authors: Tarek Coury, Assaf Razin and Efraim Sadka

3083. The 'New Keynesian' Phillips Curve: Closed Economy versus Open Economy Authors: Assaf Razin and Chi-Wa Yuen

2930. The Aging Population and the Size of the Welfare State Authors: Assaf Razin, Efraim Sadka and Phill Swagel

1921. Current Account Reversals and Currency Crises: Empirical Regularities Authors: Gian Maria Milesi-Ferretti and Assaf Razin

1837. Channelling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment Authors: Assaf Razin, Efraim Sadka and Chi-Wa Yuen

1577. Capital Mobility and the Output-Inflation Tradeoff Authors: Prakash Loungani, Assaf Razin and Chi-Wa Yuen

1509. Current Account Sustainability: Selected East Asian and Latin American Experiences Authors: Gian Maria Milesi-Ferretti and Assaf Razin

1381. A Pecking Order Theory of Capital Inflows and International Tax Principles Authors: Assaf Razin, Efraim Sadka and Chi-Wa Yuen

1342. Labour Mobility and Fiscal Coordination: Setting Growth Agenda for an Economic Union Authors: Assaf Razin and Chi-Wa Yuen

1252. Can Capital Controls Alter the Inflation-Unemployment Trade-off? Authors: Assaf Razin and Chi-Wa Yuen

1091. Resisting Migration: Wage Rigidity and Income Distribution Authors: Assaf Razin and Efraim Sadka

866. Computing Effective Tax Rates on Factor Incomes and Consumption: An International Macroeconomic Perspective Authors: Enrique G Mendoza, Assaf Razin and Linda Tesar

797. The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence Authors: Assaf Razin

794. Convergence in Growth Rates: A Quantitative Assessment of the Role of Capital Mobility and International Taxation Authors: Assaf Razin and Chi-Wa Yuen

http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=3582



















760. Convergence in Growth Rates: The Role of Capital Mobility and International Taxation Authors: Assaf Razin and Chi-Wa Yuen

VII. BOOKS AND ARTICLES I. AUTHORED BOOKS 1. Elhanan Helpman and Assaf Razin A theory of international trade under uncertainty Academic Press, 1978, ASIN: 0123396506 Note: Chapter 7 is the first analysis of how the capital market integration (globalization such as the formation of the EMU)affects the industry specialization according to comparative advantage. Industry specialization contributes to country specific idiosyncratic shocks within the integrated market. Chapter 11 is the first analysis of the Dynamic stochastic analysis of comparative advantage under infinite horizon, and financial integration of stock markets. 2. Jacob Frenkel and Assaf Razin Fiscal Policies and the World Economy

MIT Press, 1987, Japanese Edition 1990, Spanish Edition, 1991,


Second Edition, 1992, Third Edition 1996; ASIN: 0262560682 3. Marc Nerlove, Assaf Razin and Efraim Sadka Population Policy and Individual Choice : A Theoretical Investigation

(Research Report/International Food Policy Research Institute, 60) Paperback (June 1987), International Food Policy Research Institute; ISBN: 089629062X 4. Marc Nerlove, Assaf Razin, and Efraim Sadka

Household and Economy: Economics of Endogenous Fertility (Economic Theory Econometrics, and Mathematical Economics), Academic Press, 1988; ASIN: 0125157525.

5. Jacob Frenkel and Assaf Razin

Spendings, Taxes, and Deficits : International-Intertemporal Approach (Princeton Studies in International Finance, No 63), Paperback (December 1988)

Princeton University, International Finance; ISBN: 0881652350 6. Amnon Neubach, Assaf Razin, Efraim Sadka

Israel’s Economic Growth (Hebrew) "Maariv" Publishing House, 1988.

7. Amnon Neubach, Assaf Razin, Efraim Sadka

Challenges to the Economy of Israel (Hebrew)

"Maariv" Publishing House, 1990. 8. Jacob Frenkel, Assaf Razin, Efraim Sadka

International Taxation in an Integrated World Hardcover (January 1992) MIT Press; ISBN: 0262061430 9. Assaf Razin and Efraim Sadka

The Economy of Modern Israel: Malaise andPromise

Hardcover (September 1993) University of Chicago Press; ISBN: 0226705897 Book review: http://www.britannica.com/bookreview?bip_id=667993 10. Assaf Razin and Efraim Sadka

Population Economics Hardcover - 250 pages (January 1995)

MIT Press; ISBN: 0262181606 11. Gian Maria Milesi-Ferretti and Assaf Razin Current-Account Sustainability (Princeton Studies in International Finance, No 81) Paperback (November 1996) Princeton University, International Finance; ISBN: 0881652539 12. Jacob Frenkel and Assaf Razin, with the cooperation of Chi-Wa Yuen Fiscal Policies and Growth in the World Economy Paperback 3rd edition (October 1996) MIT Press; ISBN: 0262561042 13. Assaf Razin and Efraim Sadka Labor, Capital, and Finance :International Flows Cambridge University Press, Paperback (September, 2001) ISBN: 052178557X 14. Assaf Razin, and Efraim Sadka THE DECLINE OF THE WELFARE STATE: POLITICAL ECONOMICS OF AGING, MIGRATION AND GLOBALIZATION, forthcoming, MIT Press.

II. EDITED BOOKS 1. M. June Flanders and Assaf Razin

Development in an Inflationary World, Academic Press, 1981 2. Elhanan Helpman, Assaf Razin and Efraim Sadka

Social Policy Evaluation: An Economic Academic Press, 1983. ASIN: 0123396603

3. Assaf Razin and Efraim Sadka

Economic Policy in Theory and Practice MacMillan Press, 1987. ASIN: 0312234538

4. Elhanan Helpman, Assaf Razin and Efraim Sadka

Economic Effects of the Government Budget, MIT Press, 1988. 5. Assaf Razin, and Joel Slemrod Taxation in the Global Economy, (National Bureau of Economic Research Project Report) Paperback Reprint edition (June 1992) University of Chicago Press; ISBN: 0226705927 6. Elhanan Helpman and Assaf Razin International Trade and Trade Policy Hardcover (June 1991) MIT Press; ISBN: 0262081997 7. Leonardo Leiderman and Assaf Razin

Capital Mobility: The Impact on Consumption, Investment and Growth Paperback (May 1997) Hardcover (September 1994)

Cambridge University Press; ISBN: 0521454387 8. Mario I Blejer, Leo Leiderman and Assaf Razin Optimum Currency Areas : New Analytical and Policy Developments (Honoring Robert Mundell’s 65th Birthday) Paperback (May 1997) International Monetary Fund; ISBN: 155775652X 9. Assaf Razin, Efraim Sadka

The Economics of Globalization : Policy Perspectives from Public Economics Cambridge University Press (Short); ISBN: 0521622689

10. Assaf Razin, Hans-Jurgen Vosgerau

Trade and Tax Policy, Inflation and Exchange Rates : A Modern View (Studies in International Economics and Institutions) Springer Verlag; ISBN: 3540631208 1997

11. Peter Garber, Peter Isard, Assaf Razin, and Andrew Rose

International Finance and Financial Crises : Essays in Honor of Robert P. Flood, Jr, 2000, Kluwer Academic Publishers; ISBN: 1557758344.

III. JOURNAL PAPERS (Chronological List)

1. Yair Mundlak and Assaf Razin Aggregation, index numbers and the measurement of technical change Review of Economics and Statistics, 166-175, 1969. 2. Yair Mundlak and Assaf Razin On multistage multi-product production functions American Journal of Agricultural Economics, 491-499, 1971 3. Eitan Berglas and Assaf Razin A note on the balance of payments and the terms of trade in relation to financial controls Review of Economic Studies, 511-513, 1972 4. Assaf Razin Optimum investment in human capital Review of Economic Studies, 455-460, 1972, http://www.tau.ac.il/~razin/razinrestud1972.pdf Note: Papers 4 and 5 extend Hirofumi Uzawa paper (IER 1965) model of the allocation of human capital and physical capital under central command to a market economy. The steady state is characterized by a permanent rate of increase in income per-

Capita, which later became known as the human-capital driven "endogenous Growth" model, amplified by Robert Lucas.

5. Assaf Razin

http://www.tau.ac.il/~razin/razinrestud1972.pdf

Investment in human capital and economic growth Metroeconomica, 100-116, 1972, http://www.tau.ac.il/~razin/razin1972.pdf

6. John Campbell and Assaf Razin

Internal allocation of university resources Economic Inquiry, (previously, Western Economic Journal), 308-321, 1972

7. Andreu Mas-Collel and Assaf Razin

A model of Inter-Sectoral Migration and Growth Oxford Economic Papers, 72-80, 1973

8. Eitan Berglas and Assaf Razin

A trade model with variable returns to scale Economic Record, 126-134, 1973


Real exchange rate and devaluation Journal of International Economics, 179-192, 1973


Separability preferences and the Patinkin model: A comment, Journal of Political Economy, 158-160, 1974


Effective protection and decreasing returns to scale American Economic Review, 733-737, 1973

http://www.tau.ac.il/~razin/razin1972.pdf

12. Antonio Bosch, Andreu Mas-Collel and Assaf Razin

Instantaneous and non-instantaneous adjustments to equilibrium to two-sector growth models Metroeconomica, 1-14, 1973

13. Eitan Hochman, Oded Hochman and Assaf Razin Demand for investment in productive and financial capital

European Economic Review, 67-84, 1973 14. Elisha Pazner and Assaf Razin

Welfare aspects of exchange rate uncertainty Economica, 256-268, 1974

15. Jacob Frenkel Assaf Razin

Non-traded goods and immiserizing growth Economic Record, 259-268, 1974

16. Elisha Pazner and Assaf Razin

A model of investment under interest rates uncertainty International Economic Review, 798-802, 1974


Protection and real profits Canadian Journal of Economics, 655-664, 1974

18. Assaf Razin

A note of the elasticity of derived demand under decreasing returns, American Economic Review, 193-197, 1975

19. Jacob Frenkel and Assaf Razin

Variable factor supplies and the production possibilities frontier

Southern Economic Journal, 410-419, 1975 20. Elisha Pazner and Assaf Razin

On expected present value vs. expected future value Journal of Finance, 875-879, 1975

21. Assaf Razin and Uri Ben-Zion

An intergenerational model of population growth American Economic Review, 923-933, 1975

22. Elisha Pazner and Assaf Razin

Industry equilibrium under price uncertainty European Economic Review, 387-396, 1976

23. Assaf Razin

A note on rational insurance purchasing Journal of Finance, 133-137, 1976

24. Assaf Razin

Lifetime uncertainty, human capital and physical capital Economic Inquiry, 439-449, 1976 25. Oded Hochman and Assaf Razin

Debt and capital accumulation in a two-sector model with non-traded goods European Economic Review, 165-180, 1976

26. Alex Cukierman, Elisha Pazner and Assaf Razin A Macro-economic model of the Israeli economy: 1956-1974

Bank of Israel Economic Review, 23-51, 1976 27. Assaf Razin

Education and economic growth: new evidence Economic Development and Cultural Change, 317-324, 1977

28. Alex Cukierman Assaf Razin

The short-run effects of indexation of wage contracts European Economic Review, 83-96, 1977

29. Elhanan Helpman ,Assaf Razin,

Uncertainty and international trade in the presence of stock markets Review of Economic Studies, 1978.

Note: The model shows how international financial market integration affects comparative advantage in international trade in goods and services. 30. Elhanan Helpman , Assaf Razin,

Participation equilibrium and efficiency of stock market allocation International Economic Review, 1978

31. Elhanan Helpman , Assaf Razin,

Welfare aspects of international trade in goods and securities Quarterly Journal of Economics, 1978

32. Assaf Razin, Judith Lusky

Partial wage indexation: an empirical test International Economic Review, 1979


On stochastic models in economics International Economic Review, 1979


The protective effects of tariffs under uncertainty Journal of Political Economy, December 1978


Towards a consistent comparison of alternative exchange rate system Economic Letters, 1978


Towards a consistent comparison between alternative exchange rate systems Canadian Journal of Economics, August 1979

37. Elisha Pazner ,Assaf Razin,

Competitive efficiency in an overlapping-generation Model with endogenous population Journal of Public Economics, May 1980


Welfare aspects of international trade in goods and securities: an addendum Quarterly Journal of Economics, May 1980


Effective protection under uncertainty American Economic Review, September 1980

40. A. Razin, J.A. Frenkel

Stochastic prices and tests of efficiency of foreign exchange markets Economic Letters, December 1980


A comparison of exchange rate regimes in the presence of imperfect capital markets International Economic Review, June 1982

42. Elhanan Helpman , Assaf Razin

Dynamics of a floating exchange rate regime Journal of Political Economy, August 1982

43. Lars E.O. Svensson, Assaf Razin

The Terms of Trade, Spending and the Current Account: The Harberger-Laursen-Matzlet Effect Journal of Political Economy, 91, February 1983, 97-125. Reprinted in Peter Neary (ed.) International Trade, Edward Elgar Publishing

44. Marc Nerlove, Assaf Razin, Efraim Sadka

Population Size and the Social Welfare Functions of Bentham and Mill Economic Letters, 1982


Increasing Returns, Monopolistic Competition and Factor Movements. A Welfare Analysis Journal of International Economics, April 1983

46. Assaf Razin, Lars Svensson

The Current Account and the Optimal Government Debt Journal of International Money and Finance, August 1983

47. Assaf Razin, Lars Svensson

Trade Taxes and the Current Account Economics Letters, 1983


The Role of Saving and Investment in Exchange Rate Determination Under Alternative Monetary Mechanisms, Journal of Monetary Economics, 1985

49. Gene Grossman , Assaf Razin,

International Capital Movements under Uncertainty, Journal of Political Economy, 1984

50. Marc Nerlove, , Assaf Razin, and Efraim Sadka

Bequests and the Size of Population when Population is Endogenous, Journal of Political Economy, 1984

51. Marc Nerlove, Assaf Razin, and Efraim Sadka

The “Old Age Security Hypothesis” Reconsidered, Journal of Development Economics, 1985


The Pattern of Trade in a Ricardian Model with Country Specific Uncertainty, International Economic Review, 1984


Income Distribution Policies with Endogenous Fertility, Journal of Public Economics, 1984


Investment in Human and Nonhuman Capital, Transfers Among Siblings, and the Role of Government, Econometrica, 1985

55. Assaf Razin

Capital Movements, Inter-sectoral Shifts and the Trade Balance, European Economic Review, 1984

56. Jacob Frenkel , Assaf Razin,

Fiscal Policies, Debt and International Economic Interdependence, Economic Journal, 1985

57. Marc Nerlove, Assaf Razin, and E. Sadka

Population Size: Individual Choice and Social Optima, Quarterly Journal of Economics, 1985. Reprinted in Caudernos De Economica, April 1986 (Pontifica Universidad Catholica De Chile, Spanish).


Floating Exchange Rates with Liquidity Constraints in Financial Markets, Journal of International Economics, 1986


Endogenous Population with Public Goods, and Malthusian Fixed Resources: Efficiency and Market Failure, International Economic Review, 1985.


Direct Foreign Investment and the Choice of Technique Under Uncertainty, Oxford Economic Papers, 1985


Fiscal Policies in the World Economy, Journal of Political Economy (June 1986)


The International Transmission of Budget Deficits in the World Economy, American Economic Review (May 1986)

63. Jacob Frenkel , Assaf Razin Real Exchange Rates, Interest Rates and Fiscal Policies Economic Studies Quarterly (Japan) August 1986


Exchange Rate Management: Intertemporal Tradeoffs, American Economic Review, March 1987

65. Jacob Frenkel , Assaf Razin

Spending, Taxes, and Deficits: International-Intertemporal Approach, Princeton Studies in International Finance, Princeton University, 1987


The Mundell-Fleming Model: A Quarter Century Later IMF Staff Papers December 1987

67. Leonardo Leiderman , Assaf Razin,

Testing Ricardian Neutrally with an Intertemporal Stochastic Model Journal of Money Credit and Banking, February 1988 68. Jacob Frenkel , Assaf Razin

International Aspects of Budget Deficits with Distortionary Taxes IMF Staff Papers, June 1988


Exchange Rate Management Viewed as Tax Policies European Economic Review, 1988

70. Leonardo Leiderman , Assaf Razin

Foreign Trade Shocks and the Dynamics of High Inflation: Israel 1978-1985. Journal of International Money and Finance, December 1989


A Bequest - Constrained Economy: Welfare Analysis Journal of Public Economics 1988, 37, 203-220

72. Assaf Razin

Fiscal Policies and the Integrated World Stock Market, Journal of International Economics, August 1990

73. Lawrence J. Kotlikoff, Assaf Razin and Robert W. Rosenthal “A Strategic

Altrurism Model in Which Recardian Equivalence Does Not Hold,” Economic Journal, December 1990

74. Assaf Razin, Efraim Sadka

Efficient Investment Incentives in the Presence of Capital Flight, Journal of International Economics, 1991

75. Jacob Frenkel , Assaf Razin and Steve Symansky

International Macroeffects of VAT Harmonization,

IMF Staff Papers, December 1991, Vol. 38, no. 4 76. Assaf Razin, Efraim Sadka International tax competition and gains from tax harmonization, Economics Letters (37)1 (1991) pp. 69-76

, Download: http://www.elsevier.nl/homepage/sae/econworld/econbase/ecolet/frame.htm 77. Leonardo Leiderman , Assaf Razin,

Determinants of External Imbalances: The Role of Taxes, Government Spending and Productivity, Journal of the Japanese and International Economies, December 1991

78. Marc Nerlove, Assaf Razin, Efraim Sadka and Robert Von Weizsaecker

Comprehensive income taxation, investments in human and physical capital, and productivity, Journal Of Public Economics (50)3 (1993) pp. 397-406. Download: http://www.elsevier.nl/homepage/sae/econworld/econbase/pubec/frame.htm

79. Shula Pessach , Assaf Razin,

Targeting the Exchange Rate under Inflation, Review of International Economics 2 (1994):40-49.

Download: http://www.ag.iastate.edu/journals/rie/vol2.htm

80. Assaf Razin

The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence, Essays in International Finance, Princeton University, 1994

81. Enrique Mendoza, Assaf Razin and Linda Tesar

A Comparative Analysis of the Structure of the Tax Systems in Industrial Countries

http://www.elsevier.nl/homepage/sae/econworld/econbase/ecolet/frame.htm

http://www.ag.iastate.edu/journals/rie/vol2.htm



IMF Staff Studies, 1993 82. Assaf Razin and Chi-Wa Yuen

Tax-Driven Growth Divergence, in Jose Vinals (ed.) Money and Credit, Spain, 1994 83. Leonardo Bartolini, Assaf Razin, Steve Symansky

G-7 Fiscal Restructuring in the 1990s: Macroeconomic Effects Economic Policy, May 1995


International Migration: Winners and Losers American Economic Review, May 1995

85. Enrique Mendoza, Assaf Razin, Linda Tesar

Effective Tax Rates in Macroeconomics: Cross-Country Estimates of Tax Rates on Factor Income and Consumption, Journal of Monetary Economics, Volume 34, Issue 3, 01-December-1994 Download: http://www.elsevier.nl/homepage/sae/econworld/econbase/monec/frame.htm


Israel’s Disinflation: Taxation and Income Redistribution Bank of Israel Economic Review, 1996

87. Assaf Razin, Chi-Wa Yuen

Utilitarian Tradeoff Between Population Growth and Income Growth Journal of Population Economics, 1995 88. Assaf Razin and Efraim Sadka The Status of Capital Income Taxation in the Open Economy Finanz Archiv, Neue Folge, Band 52, Heft 1, pp 21-32, (1995)

http://www.elsevier.nl/homepage/sae/econworld/econbase/monec/frame.htm

http://www.elsevier.nl/homepage/sae/econworld/econbase/monec/frame.htm


Capital income taxation and long-run growth: New perspectives, Journal Of Public Economics (59) 2 (1996) pp. 239-263. Download: http://www.elsevier.nl/homepage/sae/econworld/econbase/pubec/frame.htm


Disinflation and Taxation: The Case of Israel Journal of International Financial Economics, Vol. 1, no. 1 January 1996, pp. 37-46


Fiscal Balance During Inflation, Disinflation and Immigration: Policy Lessons Swedish Economic Policy Review, Volume 3, Number 1,pp.139-169, Spring, 1996


Suppressing Resistance to Low-Skill Migration INTERNATIONAL TAX AND PUBLIC FINANCE, Vol. 3, No. 3, Special Issue,1996

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=4577 93. Gian Maria Milesi-Ferreti , Assaf Razin,

Sustainability of Persistent Current Account Deposits Journal of International Financial Economics, 1996

94. Assaf Razin, Efraim Sadka, Chi-Wa Yuen

A Pecking Order Theory Of Capital Flows and International Tax Principles

Journal of International Economics Volume 44, Issue 1, 01-February-1998 pp. 45-68

Download: http://www.elsevier.nl/homepage/sae/econworld/econbase/inec/frame.htm


http://www.elsevier.nl/homepage/sae/econworld/econbase/pubec/frame.htm

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=4577

http://www.elsevier.nl/homepage/sae/econworld/econbase/inec/frame.htm

Income convergence within an economic union: the role of factor mobility and coordination, Journal Of Public Economics (66) 2 (1997) pp. 225-245. Download: http://www.elsevier.nl/homepage/sae/econworld/econbase/pubec/frame.htm


Factor Mobility and Income Growth: Two Convergence Hypotheses Review of Development Economics, Vol I, Number 1, November 1996


Optimal International Taxation and Growth Rate Convergence: Tax Competition vs. Tax Coordination

International Tax and Public Finance, 1999 98. Gian Maria MilesiFerretti, Assaf Razin

Sharp reductions in current account deficits: An empirical analysis, European Economic Review (42) 3-5 (1998) pp. 897-908. Download: http://www.sciencedirect.com/science?_ob=MImg&_imagekey=B6V64-3VKKB1K-19-1&_cdi=5804&_orig=browse&_coverDate=05/31/1998&_sk=999579996&view=c&wchp=dGLbVzz-lSztA&_acct=C000005078&_version=1&_userid=48161&md5=db1e15882f218fe9a8b0c7f0605262a0&ie=f.pdf

http://www.elsevier.nl/homepage/sae/econworld/econbase/eer/frame.htm

http://www.elsevier.nl/homepage/sae/econworld/econbase/eer/frame.htm

http://www.sciencedirect.com/science?_ob=MImg&_imagekey=B6V64-3VKKB1K-19-1&_cdi=5804&_orig=browse&_coverDate=05%2F31%2F1998&_sk=999579996&view=c&wchp=dGLbVzz-lSztA&_acct=C000005078&_version=1&_userid=48161&md5=db1e15882f218fe9a8b0c7f0605262a0&ie=f







99. Assaf Razin, Efraim Sadka Migration and pension with international capital mobility,

Journal Of Public Economics (74) 1 (1999) pp. 141-150 Download: http://www.elsevier.nl/homepage/sae/econworld/econbase/pubec/frame.htm

100. Assaf Razin, Chi-Wa Yuen Understanding the "Problem of Economic Development": The Role of Factor Mobility and International Taxation Journal of Applied Economics, CEMA, Argentine, May 1999 101. Assaf Razin, Efraim Sadka, Chi-Wa Yuen An Information-Based Model of Foreign Direct Investment: Gains From Inter-temporal Trade Revisited

International Tax and Public Finance, Fall, 1999. 102. Assaf razin and Efraim Sadka Unskilled Migration: A Burden or a Boon for the Welfare State?

Scandinavian Journal of Economics, Special issue on " Social Security in the 21st Century", November 2000.

103. Assaf Razin, Efraim Sadka and Phillip Swagel

“ Tax burden and migration: a political economy theory and evidence,” Journal Of Public Economics, (85) 2 (August 2002) pp. 167- 190. Download:


http://www.elsevier.nl/homepage/sae/econworld/econbase/pubec/frame.htm 104. Assaf Razin and Efraim Sadka Country Risk and Capital Flow Reversals

Country risk and capital-flow reversals, Economics Letters (72)1 (2001) pp. 73-77 Download:


105. Prakash Loungani, Assaf Razin and Chi-Wa Yuen

Capital mobility and the output--inflation tradeoff, Journal Of Development Economics (64) 1 (2001) pp. 255-274 download: http://www.elsevier.nl/homepage/sae/econworld/econbase/devec/frame.htm

106. Assaf Razin, Efraim Sadka and Chi-Wa Yuen

Debt- and Equity-Financed Investment: Equilibrium Structure and Efficiency Implications FinanzArchiv, Volume 57, 4, August 2001. Download: http://www.mohr.de/jrnl/fa/fa574.htm

107. Prakash Loungani and Assaf Razin How Beneficial is Foreign Direct Investment for Developing Countries?



http://www.elsevier.nl/homepage/sae/econworld/econbase/devec/frame.htm

http://www.elsevier.nl/homepage/sae/econworld/econbase/devec/frame.htm

http://www.mohr.de/jrnl/fa/fa574.htm

Finance and Development, June 2001, Volume 38, Number 2: 6-10. 108. Assaf Razin, Efraim Sadka, and Phillip Swagel The Aging Population and the Size of the Welfare State

Journal Political Economy Volume 110, Number 4, August 2002, pp. 900-918 Download: http://www.journals.uchicago.edu/JPE/journal/contents/v110n4.html , http://www.journals.uchicago.edu/JPE/journal/issues/v110n4/110407/110407.web.pdf

109. Assaf Razin and Chi-Wa Yuen

The "New Keynesian" Phillips Curve: Closed Economy vs. Open Economy Economics Letters, 75, May 2002, pp. 1-9. Download: http://www.elsevier.nl/homepage/sae/econworld/econbase/ecolet/frame.htm

110. Assaf Razin, Efraim Sadka, and Phillip Swagel The Wage Gap and Social Security: Theory and Evidence

American Economic Review, Vol. 92, No. 2, May 2002, pp. 390-395.

Download: http://www.aeaweb.org/aer/contents/may2002.html


Gains from FDI Inflows with Incomplete Information

Economics Letters, 2002, December, vol 78/1 pp 71 - 77.

112. Assaf Razin FDI Flows and Domestic Investment: Overview CES-ifo Economic Studies, January 2003.

http://www.tau.ac.il/~razin/: http://www.journals.uchicago.edu/JPE/journal/contents/v110n4.html, http://www.journals.uchicago.edu/JPE/journal/issues/v110n4/110407/110407.web.pdf




http://www.aeaweb.org/aer/contents/may2002.html

113. Prakash Loungani, Ashoka Mody, and Assaf Razin

“The Global Disconnect: The Role of Transactional Distance and Scale Economies in Gravity Equations,” Scotish Journal of Political Economy, Vol. 49, No. 5, November 2002, pp.1-17.

114. Assaf Razin , Efraim Sadka and Tarek Coury

“Trade openness, investment instability, and terms-of-trade volatility” Journal of International Economics, Volume 61, pp 285-306, Issue 2, 2003. url:

http://www.sciencedirect.com/science?_ob=MImg&_imagekey=B6V6D-488Y7FG-1-31&_cdi=5812&_orig=browse&_coverDate=12%2F31%2F2003&_sk=999389997&view=c&wchp=dGLbVzz-zSkzk&_acct=C000022719&_version=1&_userid=492137&md5=3994fb005f2ea24a00c9dc405c14dec2&ie=f.pdf 115. Assaf Razin and Efraim Sadka

“A Brazilian-Type Debt Crisis: Simple Analytics,” IMF Staff Papers, forthcoming.

IV. CHAPTERS IN BOOKS 1. Tami Dar, Assaf Razin, Yossi Yahav

On models of economic growth with random elements Mathematical Programs for Activity Analysis, Van Moeseke (ed.), Chap. 15, 10 pp., North Holland 1973

2. Assaf Razin, Alex Cukierman

The interaction between the exchange rate policy and exports and imports in Studies in Economics 1976, Halevi and Kop (eds.)

3. Assaf Razin, Marc Nerlove

Child spacing and numbers: An empirical investigation, Measurement in

http://www.sciencedirect.com/science?_ob=MImg&_imagekey=B6V6D-488Y7FG-1-31&_cdi=5812&_orig=browse&_coverDate=12/31/2003&_sk=999389997&view=c&wchp=dGLbVzz-zSkzk&_acct=C000022719&_version=1&_userid=492137&md5=3994fb005f2ea24a00c9dc405c14dec2&ie=f.pdf






Economics, A. Deaton (ed.) 1990. 4. Assaf Razin

Exchange rates and price movements in a world of capital mobility in Development in an Inflationary World, J. Flanders and A. Razin (eds.) Academic Press, 1980

5. Assaf Razin

Number, birth spacing, and quality of children: A microeconomic view in Research in Population Economics Vol. II, J. Simon and J. Davazno (eds.) 1979.

6. Eitan Berglas, Elhanan Helpman, Zvi Kesse, Efraim, Assaf Razin, Sadka

and E. Sheshinsky.

A Threshold Fund: Social Program for the Young in Social Policy Evaluation: An Economic Perspective, in E. Helpman, A. Razin and E. Sadka (eds.), Academic Press, 1983. 7. Jacob Frenkel, Assaf Razin

Fiscal Expenditures and International Economic Interdependence, in W. Buiter and R. Marston, International Economic Policy Coordination, Cambridge, University Press, 1985.

8. Assaf Razin

Integration of Assistance Programs for the Young, in Y. Kop (ed.) Israel's Outlays for Human Services 1984, The Center for Social Policy Studies in Israel, Jerusalem, 1984.


"The International Transmission of Fiscal Expenditures and Budget Deficits int e World Economy". Economic Policy in Theory and Practice, A Razin and E. Sadka (eds.) Macmillan, 1986.


"Budget Deficits: International Dimensions" in Economic Effects of Government Budget, in E. Helpman, A. Razin and E. Sadka (eds.), MIT Press 1988.


"Testing Ricardian Neutrality". Economic Effects of Government Budget E. Helpman, A. Razin and E. Sadka (eds.) MIT Press, 1988.

12. Jacob Frenkel, Assaf Razin

International Aspects of Budget Deficits with Distortionary Taxes in Economic Effects of Government Budget, E. Helpman, A. Razin and E. Sadka (eds.) MIT Press 1988.

13. Jacob Frenkel, Assaf Razin and Steve Symansky

"International Spillovers of Taxes", in A. Razin and J. Slemrod (eds.), Taxation in the Global Economy ,U. of Chicago Press, 1990.


"Integration of International Capital Markets: The Size of Government,"

in Assaf Razin, and Joel Slemrod (eds) Taxation in the Global Economy, The University of Chicago Press, 1990.


"Issues on International Taxation" in H. Siebert, (ed.) Reforming Capital Income Taxation, J.C.B. Mohr, 1991.


"International Interactions Between Tax Systems and Capital Flows," in Takatoshi Ito and Anne O. Krueger (eds.), The Political Economy of Tax Reforms and their Implications for Interdependence, University of Chicago Press, 1992.

17. Jacob Frenkel, Assaf Razin and Steve Symansky

"Simulations of Global Effects of VAT Harmonization," in H. Siebert (ed.) Reforming Capital Income Taxation, J.C. B. Mohr, 1991.

18. Assaf Razin, Kar-Yu Wong

"International Capital Movements Under Uncertainty: An Extension", in Horst Herberg and Ng Van Long, Trade, Welfare, and Economic Policy, Essays in Honor of Murray C. Kemp, University of Michigan Press, 1993.


"Israel's Post Stabilization Recession: Monetary Factors," in Zvi Eckstein (ed.) Aspects of Central Banking Policy Making, Spriner-Verlag, 1991.

20. Jacob A. Frenkel , Assaf Razin,

"International Effects of Fiscal Politics" in Peter Newman (ed.) New Palgrave Dictionary of Money and Finance, Macmillan, 1991.


"International Fiscal Policy Coordination and Competition", in Rick van de Ploeg (ed.) Handbook in International Macroeconomics, Basic Blackwell, 1993.


"International Migration and International Trade" in Mark Rosenzweig and Oded Stark (eds.), Handbook of Population and Family Economics, North Holland, 1998.

23. Assaf Razin

"International Optimization and the Current Account", in Peter Kenen (ed.), Understanding Interdependence: The Macroeconomic of the Open Economy, papers presented at the conference honoring the 50th anniversary of Princeton Essays in International Finance. Princeton, New

Jersey: Princeton University Press, 1994. 24. Andy Rose, Assaf Razin

"Business Cycle Volatility and Openness: An Exploratory Cross-Section Analysis, in Leo Leiderman and Assaf Razin (eds.) The Impact of Capital Mobility on Consumption, Investment and Growth, Cambridge University Press, 1993.


"Convergence in Growth Rates: A Quantitative Assessment of the Role of Capital Mobility and International Taxation", in Leiderman and Razin (eds.), The Impact of Capital Mobility on Consumption, Investment and Growth, Cambridge University Press, 1993.


"Children: A Capital Good or a Base for Income Redistribution Policies", in Barbara Wolfe (ed.), On the Role of Budgetary Policy During Demographic Changes, International Institute of Public Finance, 1994.

. 27. Thomas Krueger, Doug Laxton, Assaf Razin

EMU: Ins and Outs and the Macroeconomic Policy Effects of

Different Monetary Rules in Mario Blejer, Leo Leiderman and Assaf Razin(eds.) Optimum Currency Areas: New Analytical and Policy Developments, IMF,

1997.

28. Assaf Razin, Efraim Sadka, Chi-Wa Yuen Implications of the Home Bias: A pecking Order of Capital Flows and Corrective Taxation in Assaf Razin And Efraim Sadka(eds.) Globalization: Public Economics Perspectives, Cambridge University Press, 1999.

29. Gian Maria Milesi-Ferretti and Assaf Razin Capital Flows in East Asia and Latin America: A Comparative Study of the Early 1990's In Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues, (NBER-East Asia Seminar on Economics (Series), V. 7.) by Takatoshi Ito (Editor), Anne O. Krueger (Editor), University of Chicago Press, 1999.


International Finance Aspects of FDI: Are there Gains From Trade? in Peter Garber, Peter Isard, Assaf Razin, and Andrew Rose (Eds) Financial Crises and International Finance: Essays in Honor Of Robert Flood Kluwer Publisher, 2000.

31. Gian Maria Milesi-Ferretti and Assaf Razin

Current Account Reversals and Currency Crises: Empirical Regularities in Paul Krugman (editor), Currency Crises, University of Chicago Press, 2000.


Social Benefits and Losses from FDI: Two Non-traditional Views,

Regional and Global Capital Flows: Macroeconomic Causes and Consequences,(NBER-East Asia Seminar on Economics (Series)), Volume 10, edited by Takatoshi Ito and Anne O. Krueger, University of Chicago Press, 2001.

33. Assaf Razin, Efraim Sadka and Chi-Wa Yuen Excessive FDI Investment In Reuven Glick, Mark Spiegel and Ramon Moreno (editors) Financial Crises in Emerging Markets Cambridge University Press, 2001, ISBN: 052180020X 34. Assaf Razin, Efraim Sadka Interactions between International Migration and the Welfare State

International Migration : Trends, Policy and Economic Impact (Contemporary Economic Policy Issues) 2001, edited by Slobodan Djajic (Editor), Routledge; ISBN: 0415237823


Unskilled Migration: A Burden or a Boon for the Welfare State? Social Security in the 21st Century, edited by Bertil Holmlund, Agnar Sandmo, and Erling Steigum, Blackwell Publishers, 2001

36. Assaf Razin

Notes on Demographic Changes and the Welfare State Seismic Shifts: The Economic Impact of Demographic Change, edited by Joan Poskanzer, Federal Reserve Bank of Boston, 2002

37. Assaf Razin FDI Contribution to Capital Flows and Investment in Capacity NBER-East Asia Seminar on Economics (Series)), Volume 13, edited by Takatoshi Ito and Andy Rose, University of Chicago Press, 2003.

VII. Electronic Abstracts

Elsevier Author Gateway

VIII. NEWSPAPER ARTICLES 1. “The New York Times”: Ways of Repairing the Israeli Economy: American Incentives, December 18, 1984 2. “Haaretz”: 11.17.78; July 1974; 4.9.78; Nov. 23, 1982; May 29, 1984; July 29, 1984; 28.10.87; 1996-1997, July 2nd 2001. July 14 2001. July 14 2002. 3. “Maariv”: 9.16.79; 12.21.79; 1.25.80; 1.11.80; 2.15.80; 2.29.80; 5.20.80; 6.27.80; 10.17.80; 1.28.83; 27.12.85, 1989-95 - a biweekly column with Leiderman and Sadka.

http://authors.elsevier.com/TrackPaper.html

4. “Yedioth Aharonoth”: 1972; 5.20.80; 11.21.80, 10.16.83; 19.6.84; 2.3.85; 25.2.86; 25.9.86; 18.1.86; 21.4.87, 23.6.87, 3.11.87, 1991-1992 - a biweekly column with Leiderman and Sadka. 5. “Ksafim”: July 80, Sept. 80, Jan. 81 6. “Migvan”: 5.1980; 12.1982. 7. “Skira Hodshith”: 2.1983, 10.1984 8. “Davar”: 20.10.83; 1.6.84 9. “Jerusalem Quarterly”, U.S. Aid to Israel,” October 1983. IX. OVERVIEWS AND REVIEWS 1. Assaf Razin

International Capital Flows: Sustainability, Sudden Reversals, and Market Failures NBER Reporter, Spring 1998.

2. Assaf Razin

FDI flows: A Critical View NBER Reporter, May, 2002.

3. Assaf Razin

A review of Three Topics in International Trade: Distribution, Welfare, and Uncertainty by M. Kemp Journal of Political Economy, 1978

4. Assaf Razin

A Review of Foreign Trade Regimes and Economic Development: Israel by M. Michaeli, and Trade Policies and Industrialization in a Small

Country: The Case of Israel, by W. Pomphret Journal of Development Economics, 1979

5.. Assaf Razin

Comment on T. Persson, Global Effects of National Stabilization Policies Under Fixed and Floating Exchange Rates Scandinavian Journal of Economics, 84, No. 2, 1982.

6.. Assaf Razin

Comment on Buiter and Kletzer, Reflections on the Implications of a Common Currency, in A. Giovannini and C. Mayer (eds.), European Financial Integration, Cambirdge University Press, 1991.

7. Assaf Razin

Comment on Monopolies in the former Soviet Union, in John Williamson (ed.), The Dissolution of the Soviet Union, Institute for International Economics, 1993. 8. Assaf razin Review of ADAMS, CHARLES; ROBERT LITAN, AND MICHAEL POMERLANO, (editors). Managing Financial and Corporate Distress, Journal of Economic Literature March 2002 -- Vol. 40, No. 1, pp. 175-177.

X. TELEVISION PROGRAMS

Assaf Razin and Itshak Oron

http://www.aeaweb.org/journal/contents/mar2002.html

15-piece television program: “Explaining Economics,” Israel’s Public Television, 1985, 1986.

assaf razin curriculum vitae · assaf razin: curriculum vitae i. bio 1941: born in kibbutz shamir,...

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