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Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of capital account openness, the prediction of the...
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The growth in offshore outsourcing of jobs from the United States and European Union has been robust. Low … offshore outsourcing as a method for reducing costs, especially in their non-core operations, thereby leveraging their … that typically accompany employment in Western businesses. The study concluded that, while offshoring will remain …
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In this paper, we examine the relationship between information and communications technology (ICT) development and economic growth in top 10 economic, using panel cointegration, and panel-based error correction models from annual data covering the period of 1980 to 2010. The empirical results...
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