An Analysis of Robert E. Lucas Jr.s Why Doesnt Capital Flow from Rich to Poor Countries?. Why Doesnt Capital Flow from Rich to Poor Countries?, Paperback - Padraig Belton

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Because the potential returns appear to be greater in poorer countries than in the developed world, modern economic theory implies that rich countries should continually invest in poor countries until returns balance out. But this doesnt happen - and economist Robert E. Lucas Jr. asked why in his ground-breaking 1990 article on what has become known as the Lucas paradox.Publisher: Macat International LimitedAuthor(s): Padraig BeltonNumber of pages: 108Collection: The Macat LibraryPublication date: 2017Dimensions: 200 x 138 x 7Cover type: Paperback / softback

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