Analysis of robert e. lucas jr.'s why doesn't capital flow from rich to poor countries?, an
Auteur :
Belton, Pádraig
Éditeur :
Macat International Limited
ISBN :
9781912128433
Date de publication :
5 juil. 2017
Dimensions :
19,8 x 12,9 cm
Poids :
128 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
Because the potential returns appear to be greater in poorer countries than in the developed world, modern economic theory implies that rich countries should continually invest in poor countries until returns balance out. But this doesn’t happen – and economist Robert E. Lucas Jr. asked why in his ground-breaking 1990 article on what has become known as the Lucas paradox.