Why capital (physical and human) doesn't flow from rich to poor countries ?
AbstractCapital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 32 (2012)
Issue (Month): 2 ()
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economic growth; physical capital; human capital; total factor productivity;
Find related papers by JEL classification:
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- F2 - International Economics - - International Factor Movements and International Business
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- Scott L. Baier & Gerald P. Dwyer, Jr. & Robert Tamura, 2004.
"Factor returns, institutions, and geography: a view from trade,"
2004-17, Federal Reserve Bank of Atlanta.
- Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2006. "Factor Returns, Institutions, and Geography: A View From Trade," The Institute for International Integration Studies Discussion Paper Series iiisdp166, IIIS.
- Scott L. Baier & Gerald P. Dwyer, Jr. & Robert Tamura, 2002.
"How important are capital and total factor productivity for economic growth?,"
2002-2, Federal Reserve Bank of Atlanta.
- Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2006. "How Important are Capital and Total Factor Productivity for Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 44(1), pages 23-49, January.
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