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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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Wei, Shang-Jin
Autor Corporativo: International Monetary Fund
Otros Autores: Ju, Jiandong
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2006.
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