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Why capital (physical and human) doesn't flow from rich to poor countries ?

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  • Philippe Darreau

    (LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges)

  • François Pigalle

    (LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges)

Abstract

Capital (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.

Suggested Citation

  • Philippe Darreau & François Pigalle, 2012. "Why capital (physical and human) doesn't flow from rich to poor countries ?," Post-Print hal-01076344, HAL.
    • Handle: RePEc:hal:journl:hal-01076344
    Note: View the original document on HAL open archive server: https://hal.science/hal-01076344v1
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    References listed on IDEAS

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    1. Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
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