A Solution to Two Paradoxes of International Capital Flows /
International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared with the logic of factor price equalization in a two-sector model). To resolve the paradoxes, we introduce a non-neoclassical model which fea...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2006.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2006/178 |
| Online adgang: | Full text available on IMF |