by Laura Alfaro - Publications - Faculty & Research

We characterize the agglomeration patterns of industries and plants in Europe, distinguishing Eurozone countries and the United States. Using a micro-level index, we quantify the degree of geographic concentration in industrial activities and explore how firm... View Details

Research Summary

FDI and Economic Growth: The Role of the Local Financial Markets (joint with Areendam Chanda, Sebnem Kalemli-Ozcan, Selin Sayek)

By: Laura Alfaro

In this paper, we examine the various links among foreign direct investment (FDI), financial markets, and economic growth. We explore whether countries with better financial systems can exploit FDI more efficiently. Empirical analysis, using cross-country data between... View Details

Research Summary

Capital flows in a Globalized Economy: The Role of Policies and Institutions (joint with Sebnem Kalemli-Ozcan and Vadym Volosovych)

By: Laura Alfaro

We describe the patterns of international capital flows in the period 1970-2000. We then examine the determinants of capital flows and capital flow volatility during this period. We find that institutional quality is an important determinant of capital flows.... View Details

Research Summary

International Financial Integration and Entrepreneurship (joint with Andrew Charlton)

By: Laura Alfaro

We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Researchers have stressed the role of new firm activity and economic dynamism on growth. Yet, the empirical effects of international capital... View Details

Research Summary

Multinationals and Linkages: an Empirical Investigation (joint with Andres Rodriguez-Clare)

By: Laura Alfaro

Several recent papers have used plant-level data and panel econometric techniques to carefully explore the existence FDI externalities. One conclusion that emerges from this literature is that it is difficult to find evidence of positive externalities from... View Details

Publications

Publications

Show Results For

Show Results For

Infraestructura en América Latina [Infrastructure in Latin America: A perspective from the HBS Latin America Conference]

Apoyo al régimen municipal: Mideplan asume la coordinación del proceso de descentralización del régimen municipal

Los desastres naturales en Costa Rica

Abordaje de la planificación regional

Una posición clara ante la descentralización

Brasil adopta medidas para mejorar competitividad

Elecciones en Estados Unidos

Informe de la comisión de notables [Report of the Committee of the Notables]

Globalization Meets National Institutions: International Capital Flows, Harvard Business School Module Note Instructor Only, 708-041

How Elon Musk’s and Vivek Ramaswamy’s Government-Slashing Spree Could Backfire

Why Voters Are So Down on the Biden Economy

Globalization’s Demise Has Been Greatly Exaggerated

The Looming Great Relocation

The “Great Reallocation” of Global Supply Chains is Happening, But China is Still a Major Player

Global Inflation Pressures Could Become Harder to Manage in Coming Years, Research Suggests

Spatial Agglomeration and Superstar Firms

FDI and Economic Growth: The Role of the Local Financial Markets (joint with Areendam Chanda, Sebnem Kalemli-Ozcan, Selin Sayek)

Capital flows in a Globalized Economy: The Role of Policies and Institutions (joint with Sebnem Kalemli-Ozcan and Vadym Volosovych)

International Financial Integration and Entrepreneurship (joint with Andrew Charlton)

Multinationals and Linkages: an Empirical Investigation (joint with Andres Rodriguez-Clare)