Foreign Capital and Economic Growth

We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current

本文系统记录了近期出现的资本从非工业化国家（nonindustrial countries）流向工业化国家（industrial countries）的"逆流"资本流动（capital flows）现象，并分析此种资本流动模式是否对输出资本的非工业化经济体的经济增长造成了损害。令人意外的是，我们发现于"current"相关范畴之间存在正相关关系（原文表述未完整收尾）。