developing countries. This is the so-called allocation puzzle. This survey attempts to shed light on the following questions: 1 …

developing countries. This is the so-called allocation puzzle. This survey attempts to shed light on the following questions: 1 …

had capital outflows while those that fell behind had capital inflows: there seems to be a capital allocation puzzle at …

theory and its allocation puzzle. The different mechanisms in which the volume and structure of capital flow can be increased …

had capital outflows while those that fell behind had capital inflows: there seems to be a capital allocation puzzle at …

This paper assesses whether the allocation puzzle - the tendency for capital to flow to countries with relatively low … three points. First, we do not find evidence of an allocation puzzle for aggregate FDI flows. Second, we refine the … aggregate result and document substantial sectoral heterogeneity. An allocation puzzle is observed in the agriculture …