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 w

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 w

This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question

This paper investigates international capital flows to developing countries for the period 1970-2006. The study focuses on the empirical puzzle that although on