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A Model of Welfare Enhancing Capital Imports |
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| Authors: | Masao Oda Koji Shimomura |
| Institution: | Department of Economics, Ritsumeikan University, Japan |
| Abstract: | This paper proposes a model of welfare enhancing capital imports in a multi‐dimensional framework. Contrary to the pessimistic conventional wisdom of capital imports and welfare, a justification is provided for the acceptance of foreign capital in developing countries. |
| Keywords: | |