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A Solution to Two Paradoxes of International Capital Flow /

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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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Wei, Shang-Jin
Corporate Author: International Monetary Fund
Other Authors: Ju, Jiandong
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, 2006.
Series:IMF Working Papers ; Working Paper no. 06/178.
Subjects:
Online Access:Texto completo
Table of Contents:
  • Contents
  • I. Introduction
  • II. Paradoxes of International Capital Flows
  • III. The Model
  • IV. Aggregation and Equilibrium Conditions
  • V. Comparative Statics
  • VI. Free Trade and Capital Flows
  • VII. Conclusions
  • Appendix: Proofs