G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1419
DP1419 Unequal Societies
Roland Benabou
发表日期1996-06-30
出版年1996
语种英语
摘要We identify the determinants of capital movements in an ?augmented-Solow? model where capital mobility is restricted to a subset of capital assets. We then test the prediction of the neoclassical model and find that it is consistent with the evidence on net capital flows in a cross-section of developing countries over the period 1960?82. We find that this is no longer true after 1982, however: the episodes of foreign debt repudiation and the world financial crisis of the early 1980s are the most natural candidates for an explanation of this pattern.
主题International Macroeconomics
关键词Capital movements Developing countries Growth theory
URLhttps://cepr.org/publications/dp1419
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530562
推荐引用方式
GB/T 7714
Roland Benabou. DP1419 Unequal Societies. 1996.
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