Debajyoti, Chakrabarty; Areendam, Chanda; Chetan, Ghate - In: The B.E. Journal of Macroeconomics 6 (2006) 2, pp. 1-41
We construct an overlapping generations model to study the effect of capital controls on human capital investments and the incidence of redistributive taxation in a growing economy. We argue that the conventional wisdom linking higher capital controls to lower growth is reproduced only when an...