Series: IMF Working Papers
Author(s): Shang-Jin Wei , and Jiandong Ju
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2006
Keywords: Lucas paradox, factor price equalization, financial development, property rights institutions, and expropriation risk, capital flow, financial system, international capital, financial capital, International Factor Movements And International Business,
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 with the logic of factor price equalization in a two-se...