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- W4301097573 abstract "Cross-border capital flows may be regarded as either too small (known as the Lucas paradox) or too big (against the Samuelson theorem of factor price equalization). The resolution to the conflicting views may require thinking out of the neoclassical box. In theory, international capital flows can promote economic growth, but the data do not reveal a strong, robust, and causal effect, particularly for developing countries. The theoretical results and the empirical patterns can be reconciled through either a composition effect or a threshold effect. Some emerging evidence suggests that the two effects are related." @default.
- W4301097573 created "2022-10-04" @default.
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- W4301097573 date "2008-01-01" @default.
- W4301097573 modified "2023-10-17" @default.
- W4301097573 title "International Capital Flows" @default.
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- W4301097573 doi "https://doi.org/10.1057/978-1-349-95121-5_1058-2" @default.
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