An Analysis of Robert E. Lucas Jr.'s Why Doesn't Capital Flow from Rich to Poor Countries? - The Macat Library - Padraig Belton - Books - Macat International Limited - 9781912128433 - July 5, 2017
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An Analysis of Robert E. Lucas Jr.'s Why Doesn't Capital Flow from Rich to Poor Countries? - The Macat Library 1st edition

Padraig Belton

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An Analysis of Robert E. Lucas Jr.'s Why Doesn't Capital Flow from Rich to Poor Countries? - The Macat Library 1st edition

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.

106 pages

Media Books     Paperback Book   (Book with soft cover and glued back)
Released July 5, 2017
ISBN13 9781912128433
Publishers Macat International Limited
Pages 112
Dimensions 138 × 200 × 7 mm   ·   126 g
Language English  
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