Why Doesn’t Capital Flow from Rich to Poor Countries? (Lucas paradox paper), image 1 of 11 / 1
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Why Doesn’t Capital Flow from Rich to Poor Countries? (Lucas paradox paper)

in Stuff I Keep Rereading by Malik Torres

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Why Doesn’t Capital Flow from Rich to Poor Countries? (Lucas paradox paper) on “Stuff I Keep Rereading”, a list by Malik Torres on TheLysts.

Details

Photo
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Name
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Field
International finance / macro
Core idea
Shows that capital doesn’t flood into poor countries the way simple models say it should, and asks why.
Year
1990
How dense
Medium – some theory, some calibration, not insane.
My take
The moment you realize “perfect capital markets” is doing way too much work. Also low-key teaches you how to think about puzzles in macro.

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