Technology Differences and Capital Flows

The one-to-one mapping between cross-country differences in capital returns and the direction of international capital flows is broken in a multisector world where international factor price differences are driven by technology differences. A technology-backward or low-return-to-capital country will face capital inflows or outflows after financial integration depending on whether non-tradable demand is bossted or not

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Year of publication:	2004-08-11
Authors:	Claro, Sebastian
Institutions:	Econometric Society
Subject:	TEchnology Differences \| Capital Flows \| International Factor Price Differences

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Extent:	application/pdf
Series:	Econometric Society 2004 Latin American Meetings.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Econometric Society Latin American Meetings 2004 Number 124
Classification:	F15 - Economic Integration ; F21 - International Investment; Long-Term Capital Movements ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005699622