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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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2006.
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| Colección: | IMF Working Papers ;
Working Paper no. 06/178. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 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