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Philippe Darreau and François Pigalle
''Why capital (physical and human) doesn't flow from rich to poor countries ?''
( 2012, Vol. 32 No.2 )
Capital (physical and human) doesn't flow from rich to poor countries. We show that in order to solve these twin paradoxes, assumption of externality of physical capital is better than assumption of externality of human capital.
Keywords: economic growth, physical capital, human capital, total factor productivity
JEL: O4 - Economic Growth and Aggregate Productivity: General
F2 - International Factor Movements and International Business: General
Manuscript Received : Jan 11 2012 Manuscript Accepted : May 07 2012

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