International capital mobility in a specific factor model |
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Authors: | Henry Thompson |
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Institution: | (1) University of Tennessee, USA |
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Abstract: | Conclusion This model provides a useful starting point for the study of international capital mobility in the context of a small, open economy. All causes of capital flows are readily uncovered. Factor substitution plays a limited role, leading to straightforward properties. Factor price equalization and reciprocity relations are found. Future research could investigate positive, but less than infinite, capital supply elasticity, due perhaps to a risk premium. |
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