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Barriers to Global Capital Allocation

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NBER2021-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w28694
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Observed international investment positions and cross-country heterogeneity in rates of return to capital are hard to reconcile with frictionless capital markets. In this paper, we develop a theory of international capital allocation: a multi-country dynamic spatial general equilibrium model in
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2021-04-01
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