| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11301 |
| 来源ID | Working Paper 11301 |
| Why Does Capital Flow to Rich States? | |
| Sebnem Kalemli-Ozcan; Ariell Reshef; Bent Sorensen; Oved Yosha | |
| 发表日期 | 2005-05-02 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | The magnitude and the direction of net international capital flows does not fit neo-classical models. The 50 U.S. states comprise an integrated capital market with very low barriers to capital flows, which makes them an ideal testing ground for neoclassical models. We develop a simple frictionless open economy model with perfectly diversified ownership of capital and find that capital flows between the U.S. states are consistent with the model. Therefore, the small size and "wrong" direction of net international capital flows are likely due to frictions associated with national borders and not due to inherent flaws in the neoclassical model. |
| 主题 | International Economics ; International Factor Mobility ; International Macroeconomics |
| URL | https://www.nber.org/papers/w11301 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568939 |
| 推荐引用方式 GB/T 7714 | Sebnem Kalemli-Ozcan,Ariell Reshef,Bent Sorensen,et al. Why Does Capital Flow to Rich States?. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11301.pdf（245KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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