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Persistent link: https://www.econbiz.de/10010268346

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Foreign Capital and Economic Growth

Prasad, Eswar S. - 2007

We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...

Persistent link: https://www.econbiz.de/10012465020