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Should capital flow from rich to poor Countries? / Monge-Naranjo, Alejandro (Washington University in St. Louis) ; Sánchez, Juan M. (Washington University in St. Louis) ; Santaeulàlia-Llopis, Raül (Barcelona Graduate School of Mathematics (BGSMath)) ; Sohail, Faisal (University of Melbourne)
Are human and physical capital stocks allocated efficiently across countries? To answer this question, we need to differentiate misallocation from factor intensity differences. We use newly available estimates on factor shares from Monge-Naranjo, Santaeulàlia-Llopis, and Sánchez (2019) to correctly measure the factor shares of physical and human capital for a large number of countries and periods. [...]
2019 - DOI (Digital Object Identifier)

10.20955/r.101.277-95
Review. Federal Reserve Bank of St. Louis, Vol. 101 Núm. 4 (2019) , p. 277-295

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