Construct · 1 fields · 1 citations

Lucas paradox: a standalone construct

One name. One construct. A landmark on the map.

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Lucasparadox1 CONSTRUCTLucas paradoxALFARO · INTERNATIONAL FINANCE

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International finance

the puzzle that capital does not flow from rich to poor countries in the amounts neoclassical theory predicts given poor countries' higher marginal returns to capital.

In international finance, Lucas paradox refers to the puzzle that capital does not flow from rich to poor countries in the amounts neoclassical theory predicts given poor countries' higher marginal returns to capital. This meaning comes from Alfaro (2008) in Review of Economics and Statistics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

capital2 fields · 3 citationsjingle · one word, two constructsflow6 names · 12 citationsjangle · five names, one experience, partlymarginal3 fields · 3 citationsjingle · one word, three constructs

References

  1. Alfaro, L., Kalemli-Ozcan, S., & Volosovych, V. (2008). Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation. Review of Economics and Statistics, 90(2), 347-368. https://doi.org/10.1162/rest.90.2.347

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