Read A Solution to Two Paradoxes of International Capital Flow

A Solution to Two Paradoxes of International Capital Flow

Jiandong Ju

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Description: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 features financial contracts and firm heterogeneity. In our model, free patterns of gross capital flow emerge as a function of the quality of the financial system and the level of protection for property rights(i.e., the risk of expropriation. A poor country with an inefficient financial system but a low expropriation risk may simultaneously experience an outflow of financial capital but an inflow of foreign direct investment (FDI), resulting in a small net flow.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with A Solution to Two Paradoxes of International Capital Flow. To get started finding A Solution to Two Paradoxes of International Capital Flow, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 39

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2006

ISBN: 6613824100

Description: 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 features financial contracts and firm heterogeneity. In our model, free patterns of gross capital flow emerge as a function of the quality of the financial system and the level of protection for property rights(i.e., the risk of expropriation. A poor country with an inefficient financial system but a low expropriation risk may simultaneously experience an outflow of financial capital but an inflow of foreign direct investment (FDI), resulting in a small net flow.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with A Solution to Two Paradoxes of International Capital Flow. To get started finding A Solution to Two Paradoxes of International Capital Flow, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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A Solution to Two Paradoxes of International Capital Flow

A Solution to Two Paradoxes of International Capital Flow

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