Why capital (physical and human) doesn't flow from rich to poor countries ?

Philippe Darreau () and François Pigalle ()
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Philippe Darreau: LAPE, University of Limoges
François Pigalle: LAPE, University of Limoges

Economics Bulletin, 2012, vol. 32, issue 2, 1353-1360

Abstract: Capital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.

Keywords: economic growth; physical capital; human capital; total factor productivity (search for similar items in EconPapers)
JEL-codes: F2 O4 (search for similar items in EconPapers)
Date: 2012-05-07
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