Martínez, André; Viarengo, Martina; Musacchio, Aldo - Banco de México - 2010
positive trade shocks, or improvements in export tax revenues, increased expenditures on education per capita and education … outcomes in the period 1889 to 1930. In fact, trade shocks ended up altering the inequality in education levels across states … in a permanent way. The paper ends by explaining why politicians spent windfall tax revenues to invest on education. …