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Why capital (physical and human) doesn't flow from rich to poor countries ?

Author

Listed:
  • Philippe Darreau

    (LAPE, University of Limoges)

  • François Pigalle

    (LAPE, University of Limoges)

Abstract

Capital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.

Suggested Citation

  • Philippe Darreau & François Pigalle, 2012. "Why capital (physical and human) doesn't flow from rich to poor countries ?," Economics Bulletin, AccessEcon, vol. 32(2), pages 1353-1360.
    • Handle: RePEc:ebl:ecbull:eb-12-00055
    as

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    References listed on IDEAS

    as
    1. Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
    2. Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2006. "How Important are Capital and Total Factor Productivity for Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 44(1), pages 23-49, January.
    3. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    4. Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2004. "Factor returns, institutions, and geography: a view from trade," FRB Atlanta Working Paper 2004-17, Federal Reserve Bank of Atlanta.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic growth; physical capital; human capital; total factor productivity;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • F2 - International Economics - - International Factor Movements and International Business

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