Publications

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Finance - Faculty & Research

William A. Sahlman Robert S. Kaplan Kenneth A. Froot Laura Alfaro Benjamin C. Esty Robert C. Merton Andre F. Perold W. Carl Kester Stuart C. Gilson George Serafeim See All Seminars & Conferences Nov 20 20... View Details

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General Management Awards & Honors - Faculty & Research

Research, 2013. Laura Alfaro : Named Warren Alpert Professor of Business Administration, 2013. Gerald C. Chertavian : Named one of the Top 25 Most Influential People in Boston Philanthropy View Details

December 12, 2009
Other Article

The Transformation of India: Incumbent Control, Reforms, and Newcomers

By: Laura Alfaro and Anusha Chari

What microeconomic forces drove the structural transformation of India's economy in recent decades? This column studies firm-level data and portrays a dynamic economy driven by the growth of private and foreign firms. But the Indian economy did not go through an... View Details

Keywords: Transformation; Microeconomics; India

Awards

NBER Faculty Research Fellow

Named Faculty Research Fellow at the National Bureau of Economic Research, 2007. View Details

November 2019
Case

Chile: Unrest in the Copper Nation

By: Laura Alfaro and Sarah Jeong

For decades, Chile was heralded as South America’s pillar of stable economic growth. Chile was the world’s largest producer of copper and enjoyed a long period of over 30 years of world demand for its resources. In 2013, the commodity boom ended and was replaced by a... View Details

Keywords: Copper Production; Protests; Economic Slowdown and Stagnation; Metals and Minerals; Production; Price; Mining Industry; Chile

Educators

Research Summary

On the Political Economy of Stabilization Programs

This paper provides a political economy explanation for temporary exchange-rate-based stabilization programs by focusing on the distributional effects of real exchange-rate appreciation. I propose an economy in which agents are endowed with either tradable or... View Details

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Business History - Faculty & Research

Doing Business in São Paulo, Brazil By: Laura Alfaro , Hise O. Gibson , Leonard A. Schlesinger and Pedro Levindo March 2024 | Case | Faculty Research The case gives readers an overview of key factors of... View Details

2023
Working Paper

Global Supply Chains: The Looming 'Great Reallocation'

By: Laura Alfaro and Davin Chor

Global supply chains have come under unprecedented stress as a result of U.S.-China trade tensions, the COVID-19 pandemic, and geopolitical shocks. We document shifts in the pattern of U.S. participation in global value chains over the last four decades, in terms of... View Details

Keywords: Supply Chain; International Relations; Trade; Globalized Markets and Industries

Research Summary

Internalizing Global Value Chains: A Firm-Level Analysis

In recent decades, advances in information and communication technology and falling trade barriers have led firms to retain within their boundaries and in their domestic economies only a subset of their production stages. A key decision facing firms worldwide is the... View Details

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General Management Curriculum - Faculty & Research

The United States and China: Challenges for your Business William Kirby Spring 2025 Q4 1.5 Global Trade, Capital and National Institutions (also listed under Business, Government & the International Economy) Laura View Details

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2023 Reunion Presentations - Alumni

recordings and materials are included in the “More Info” sections below. Available recordings are also accessible from the Live from Klarman Hall page. 2023 Fall Reunions Faculty Presentations Global Supply Chains: The Looming "Great Reallocation" Professor View Details

Research Summary

Growth and the Quality of Foreign Direct Investment: Is All FDI Equal? (joint with Andrew Charlton)

In this paper we distinguish different qualities of FDI to re-examine the relationship between FDI and growth. Establishing the quality of FDI, however, is a difficult concept. Quality, that is the effect of a unit of FDI on economic growth, is a combination and... View Details

Research Summary

Sovereigns, Upstream Capital Flows and Global Imbalances

We construct measures of net private and public capital flows for a large cross-section of developing countries considering both creditor and debtor side of the international debt transactions. Using these measures, we demonstrate that sovereign-to-sovereign... View Details

2019
Book

Race, Work, and Leadership: New Perspectives on the Black Experience

By: Laura Morgan Roberts, Anthony J. Mayo and David A. Thomas

Race, Work, and Leadership is a rare and important compilation of essays that examines how race matters in people’s experience of work and leadership. What does it mean to be black in corporate America today? How are racial dynamics in organizations changing?... View Details

Keywords: Race And Ethnicity; Diversity Management; Inclusion; Leader Selection; Race; Ethnicity; Diversity; Leadership; Leadership Development; Employment

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2009
Working Paper

India Transformed: Insights from the Firm Level 1988-2005

By: Laura Alfaro and Anusha Chari

Using firm-level data this paper analyzes, the transformation of India's economic structure following the implementation of economic reforms. The focus of the study is on publicly-listed and unlisted firms from across a wide spectrum of manufacturing and services... View Details

Keywords: Transformation; Economic Sectors; Economy; Governing Rules, Regulations, and Reforms; Growth and Development Strategy; India

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Globalization - Faculty & Research

Y. Yoshino Laura Alfaro Michael E. Porter Rawi E. Abdelal See All Seminars & Conferences Nov 20 20 Nov 2024 HBS Finance Unit/Harvard Economics Department Seminars Amir Sufi, Chicago Booth Dec 04 04 Dec 2024... View Details

2009
Article

India Transformed: Insights from the Firm Level 1988–2007

By: Laura Alfaro and Anusha Chari

Using firm-level data, this paper analyzes the transformation of India's economic structure following the implementation of economic reforms. The focus of the study is on publicly listed and unlisted firms from across a wide spectrum of manufacturing and services... View Details

Keywords: Financial Statements; Management Analysis, Tools, and Techniques; Transformation; Economics; Ownership; Assets; Sales; Profit; Stock Shares; Private Sector; Investment Return; Manufacturing Industry; Service Industry; India

July 2005 (Revised September 2020)
Case

The U.S. Current Account Deficit

By: Laura Alfaro, Rafael Di Tella, Ingrid Vogel, Renee Kim, Sarah Jeong, Matthew Johnson and Jonathan Schlefer

Investors and policymakers throughout the world were confronted with the risk of painful economic consequences arising from the large U.S. current account deficit. In 2007, the U.S. current account deficit was $731 billion, equivalent to 5.3% of GDP. The implications... View Details

Keywords: World Economy; Macroeconomics; Borrowing and Debt; Currency; Foreign Direct Investment; Business and Government Relations; United States

Educators