Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation
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We examine the empirical role of different explanations for the lack of flows of capital from rich to poor countries the "Lucas Paradox." The theoretical explanations include differences in fundamentals across countries and capital market imperfections. We show that during 1970-2000 low
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美国国家经济研究局创建时间：
2005-12-01
