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endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how …
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without human capital externalities. Using longitudinal data over the years 2002-2011 for 103 NUTS-3 Italian regions, we …
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This paper examines the effect of the efficiency of the education system on Foreign Direct Investment (FDI). First, it applies a frontier-based measure as a proxy of the ability of countries to optimally convert the average years of schooling into income for individuals. Second, it shows the...
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