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

Philippe Darreau () and François Pigalle ()
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Philippe Darreau: LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges
François Pigalle: LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges

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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)
Date: 2012
Note: View the original document on HAL open archive server: https://unilim.hal.science/hal-00785589v1
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Published in Economics Bulletin, 2012, 32 (2), pp.1353-1360

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