Borradores de Economia
Number:
313
Published:
Classification JEL:
C33, F21, F34
Keywords:
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
The most recent
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Constanza Martínez-Ventura, Ligia Alba Melo-Becerra
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The understanding of foreign investment flows is important for emerging market policy makers, since such flows make up a considerable part of the balance of payments, and since such flows tend to be very volatile. Sudden stops or reversals of investment f