Banerjee, Debdas - In: The Indian Economic & Social History Review 41 (2004) 2, pp. 143-164
An excessive export of capitalfrom Britain during 1870-1914 allegedly reduced the domestic rate of investment. Few studies have really tried to find out how much of the nominal sum in each case was taken up by British investors, and how much of that, in turn, actually found its way abroad. The...