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Office of the Provost and Senior Vice President for Academic Affairs

Message Archive

Friday, October 26, 2018


This email is being sent to all members of the Baruch College faculty.

 For an archive of announcements sent from the Associate Provost beginning June 2011, click here.


Weissman Center for International Business

International Business Seminar:

Professor Asli Leblebicioglu, Marxe School, Baruch College

Openness and Factor Shares: Is Globalization Always Bad for Labor?

Tuesday, November 6 at 12.30pm,

Weissman Center 108 East 26th street, 8th floor
Lunch will be served

From: Professor Lilac Nachum, Department of Marketing and International Business

Seminar paper abstract (provided by the speaker):

The secular decline in the labor share since the 1980's is a global phenomenon, and a trend that is concurrent with large liberalization episodes worldwide. In this paper we investigate the liberalization episode in India during the 1990's, which has been characterized by large and unexpected changes in trade and foreign investment policies. Contrary to what might be expected given the reduction in the aggregate data, we uncover a trade channel that raises the labor-to-capital relative factor shares in India. A reduction in capital tariffs and liberalization of FDI raise the share of income paid to labor relative to capital. Our results reveal access to foreign capital as a new mechanism through which openness affects factor shares. An increasing share of foreign capital in the total capital stock provides a capital-augmenting technical change and potentially reduces rental rates, both of which raises the relative labor share. We find capital and R&D intensities, and the borrowing capacity of the firm, to be important determinants of the factor share response to openness. Finally, we identify domestic deregulation policies and credit expansion as potential determinants of the observed decline in the labor share.

Asli Leblebicioglu has recently joined Baruch College as the Marxe Endowed Chair in International Economics and Governance and Associate Professor. She conducts fascinating work on the macroeconomics consequences of globalization, focusing on financial frictions, trade policy, and economic growth. She has published theoretical and empirical studies analyzing how international trade and financial linkages affect investment decisions, growth and economic fluctuations in emerging markets, as well as the U.S. economy. She previously held appointments at North Carolina State University, and the University of Texas at Dallas. Dr. Leblebicioglu holds a PhD from Boston College. You can learn more about her impressive background here:

If you wish to meet the speaker in person before or after the seminar, please contact Professor Nachum at and specify your time preferences.

I hope to have as many of you attending the seminar and look forward to a stimulating engagement (no need to RSVP – just come).

Interested to learn more about our series? Please enroll on our Blackboard site:

We encourage faculty with interest in our series to visit out dedicated area on Blackboard and enroll themselves to the cite. This provides full access to past and future seminars’ material and to e-mail updates about forthcoming seminars.


If you are interested login in to Blackboard, and go through the following steps:

Scroll down in the box on the left side of the screen (under CUNYfirstMyInfo)

  • Under ‘organization search’ type “international business” and click go
  • The IB seminar series appears as “Weissman Center international business research program.”
  • Point your mouth at the Organization ID and you will get an arrow on the right side of the ID.
  • Click on the arrow and click on enroll
  • Click submit
  • Click OK

You need to follow this process only once. Once you are enrolled, you will find a link to the “Weissman Center international business research program” under “my organization.”


Lilac Nachum

Professor, International Business

Baruch College, City University New York