Faculty & Research
Directory
Villegas Sanchez, Carolina
Full Professor, Department of Economics, Finance and Accounting at Esade
URL Associate Professor
Investigador, Research Group in Economics and Finance
Education
- PhD in Economics. European University Institute
- Master of Arts. University of Sussex
- Licenciada en Economía.
Selected publications
- Prades, E. & Villegas Sanchez, C. (2026). Made in Spain: Import Switching and Productivity.
- Bermejo Boixareu, V. J., Ghofrani, E. & Villegas Sanchez, C. (2025). Supply Chain Disruptions: The Propagation and Economic Costs of ESG Shocks. CEPR Discussion Paper. Center for Economic and Policy Research CEPR.
- Villegas Sanchez, C. (2025). Business dynamism and the life cycle of firms: a firm-level analysis of Spain. SERIEs, 16 (2), pp. 297-320. DOI: https://doi.org/10.1007/s13209-025-00316-x.
- Caggese, A., Chiavari, A., Goraya, S. & Villegas Sanchez, C. (2024). Climate Change, Firms, and Aggregate Productivity. CEPR Discussion Paper. Center for Economic and Policy Research CEPR.
- Kalemli-Ozcan, S., Sørensen, B. E., Villegas Sanchez, C., Volosovych, V. & Ye¿ilta¿, S. (2024). How to Construct Nationally Representative Firm-Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration. American Economic Journal: Macroeconomics, 16 (2), pp. 353-374. DOI: https://doi.org/10.1257/mac.20220036.
- Sorensen, B., Villegas Sanchez, C. & Yelsitas, S. (2023). How to construct nationally representative firm level datasets from the orbis global database and aggregate implications. National Bureau of Economic Research NBER.
- Díez, F. J., Fan, J. & Villegas Sanchez, C. (2021). Global declining competition?. Journal of International Economics, 132, pp. 1-17. DOI: https://doi.org/10.1016/j.jinteco.2021.103492.
- Fons-Rosen, C., Kalemli-Ozcan, S., Sørensen, B. E., Villegas Sanchez, C. & Volosovych, V. (2021). Quantifying productivity gains from foreign investment. Journal of International Economics, 131, pp. 1-13. DOI: https://doi.org/10.1016/j.jinteco.2021.103456.
- Akcigit, U., Chen, W., Engler, P., Maggi, C., Tavares, M., Schwarz, D., Shibata, I. & Villegas Sanchez, C. (2021). Rising corporate market power: Emerging policy issues. Staff Discussion Notes (2021/001). International Monetary Fund IMF.
- Villegas Sanchez, C. (2019). The Rise of corporate market power and its macroeconomic effects. World Economic Outlook 2019 (pp. 55-76). DOI: https://doi.org/10.5089/9781484397480.081.
- Ballabriga Clavería, F. & Villegas Sanchez, C. (2017). Specialization, Risk Sharing and the Euro. Journal of Common Market Studies, 55 (6), pp. 1380-1397. DOI: https://doi.org/10.1111/jcms.12571.
- Gopinath, G., Kalemli-Ozcan, S., Karabarbounis, L. & Villegas Sanchez, C. (2017). Capital allocation and productivity in south europe. Quarterly Journal of Economics, 132 (4), pp. 1915-1967. DOI: https://doi.org/10.1093/qje/qjx024.
- Fons-Rosen, C., Kalemli-Ozcan, S., Sorensen, B., Villegas Sanchez, C. & Volosovych, V. (2017). Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects. NBER Working Paper. National Bureau of Economic Research NBER.
- Kalemli-Ozcan, S., Kamil, H. & Villegas Sanchez, C. (2016). What hinders investment in the aftermath of financial crises: Nsolvent firms or illiquid banks?. Review of Economics and Statistics, 98 (4), pp. 756-769. DOI: https://doi.org/10.1162/REST_a_00590.
- Sørensen, B. E. & Villegas Sanchez, C. (2015). FACTOR MOVEMENTS. Routledge Handbook of the Economics of European Integration (pp. 70-81). Taylor & Francis. DOI: https://doi.org/10.4324/9781315796918-7.
- Juhn, C., Ujhelyi, G. & Villegas Sanchez, C. (2014). Men, women, and machines: How trade impacts gender inequality. Journal of Development Economics, 106, pp. 179-193. DOI: https://doi.org/10.1016/j.jdeveco.2013.09.009.
- Aguayo-Tellez, E., Airola, J. & Villegas Sanchez, C. (2013). Did trade liberalization help women? The case of Mexico in the 1990s. DOI: https://doi.org/10.1108/S0147-9121(2013)0000038001.
- Juhn, C., Ujhelyi, G. & Villegas Sanchez, C. (2013). Trade liberalization and gender inequality. American Economic Review, 103 (3), pp. 269-273. DOI: https://doi.org/10.1257/aer.103.3.269.
- Fons-Rosen, C., Kalemli-Ozcan, S., Sorensen, B., Villegas Sanchez, C. & Volosovych, V. (2013). Quantifying productivity gains from foreign investment.
- Kalemli-Ozcan, S. & Villegas Sanchez, C. (2013). Role of Multinational Corporations in Financial Globalization. The Evidence and Impact of Financial Globalization (pp. 321-331). Elsevier. DOI: https://doi.org/10.1016/B978-0-12-397874-5.00024-5.
- Villegas Sanchez, C. (2012). Men, women, and machines: How trade impacts gender inequality.
- Berg, G., Fuchs, M., Iacovone, L., Jaeggi, T., Lovegrove, A. & Villegas Sanchez, C. (2012). Financing Small- and Medium-Sized Enterprises in Nigeria.
- Fuchs, M., Iacovone, L., Jaeggi, T., Napier, M., Pearson, R., Pellegrini, G. & Villegas Sanchez, C. (2010). Financing small and medium enterprises in the Republic of South Africa.
- Kalemli-Ozcan, S., Kamil, H. & Villegas Sanchez, C. (2010). What hinders investment in the aftermath of financial crises? Insolvent firms or illiquid banks.