This paper examines the pattern of capital mobility in a two-country overlapping generations world in which production … uses three inputs capital, labor and land. The steady-state welfare consequences of opening countries to financial capital … or labor mobility are then compared. In particular, it is shown that capital mobility does not equalize standards of …

Thie study attempts to examine changes that have occurred in the extent of internatinal capital flows over the past … smaller economies. Empirical results of the study show that capital flows have increased over time and that the US has played …