Benhima, Kenza - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2008
The neoclassical growth model predicts that emerging countries with higher TFP growth should receive larger capital inflows. Gourinchas and Jeanne (2007) document that, in fact, countries that exhibited higher productivity catch-up received less capital inflows, even though they invested more in...