Universitat Pompeu Fabra
Universitat Pompeu Fabra. Departament d'Economia i Empresa
2017-07-26T10:50:49Z
2017-07-26T10:50:49Z
2000-10-01
2017-07-23T02:10:06Z
Capital flows to developing countries are small and are mostly take the form of loans rather than direct foreign investment. We build a simple model of North-South capital flows that highlights the interplay between diminishing returns, production risk and sovereign risk. This model generates a set of country portfolios and a world distribution of capital stocks that resemble those in the data.
Document de treball
Anglès
internationall capital flows; country portfolios; sovereign risk; Macroeconomics and International Economics
Economics and Business Working Papers Series; 913
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http://creativecommons.org/licenses/by-nc-nd/3.0/es/
