composition of US counties on foreign direct investment (FDI) sent and received by local firms. To isolate the causal effect of … ancestry on FDI, we build a simple reduced-form model of migrations: Migrations from a foreign country to a US county at a … relative to the mean increases by 4 percentage points the probability that at least one local firm engages in FDI with that …

We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for … countries via exports or FDI depends on a proximity-concentration trade-off. We characterize the joint patterns of trade and FDI … when countries differ in income distribution and size and show that FDI is more likely to occur between countries with …

Why are people living in poverty disproportionately affected by mental illness? We review the interdisciplinary … evidence of the bi-directional causal relationship between poverty and common mental illnesses -- depression and anxiety -- and … psychological interventions generate economic gains. Similarly, negative economic shocks cause mental illness, and anti-poverty …

build sustainable income for those in extreme poverty. We focus on two important questions: whether a mere grant of …

innovativeness and top income inequality in the United States over the past decades. Two distinct instrumentation strategies suggest … that this correlation (partly) reflects a causality from innovativeness to top income inequality, and the effect is … increase other measures of inequality which do not focus on top incomes. Next, we show that the positive effects of innovation …

variables may be fractionally integrated and the predictive relation may feature cointegration, we provide sup-Wald break tests …