Determinants of Investment Flows into Emerging Markets

Borradores de Economia
Number: 
313
Published: 
Classification JEL: 
C33, F21, F34
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

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