Arbeitspapier
Patterns of international capital flows and their implications for developing countries
According to a standard economic theory, capital should flow from rich capital-abundant countries to poor capital-scarce countries. However, a reverse pattern has prevailed in the world economy. This is the so-called Lucas paradox. In addition, it has been shown that counterintuitively there is negative correlation between capital inflow and productivity growth across developing countries. This is the so-called allocation puzzle. This survey attempts to shed light on the following questions: 1) What are the patterns of international capital flows in the world economy? 2) What are the most plausible explanations for these patterns? 3) What are the possible implications of these developments for developing countries?
- ISBN
-
978-92-9256-397-4
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Working Paper ; No. 2017/171
- Klassifikation
-
Wirtschaft
International Investment; Long-term Capital Movements
Open Economy Macroeconomics
- Thema
-
international capital flows
Lucas paradox
allocation puzzle
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nieminen, Mika
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2017
- DOI
-
doi:10.35188/UNU-WIDER/2017/397-4
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Nieminen, Mika
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2017
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