Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005
) inflows in the world
has been about 25 percent in the period 1986-90, 20 percent in 1991-95 and almost
32 percent in 1996 … borrowing on the world market
(capturing partial mobility of capital), the model can account for observed patterns of … rental rate of capital ¯r is given by the world market. Using S = G in (8), we
obtain KSOE = ξG, where
ξ = ξ(A,¯r) = [Aβb …