Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005
Katz, 1998, Krusell, Ohanian, R´ıos-Rull and Violante,
2000). We argue that, therefore, capital inflows increase individual … pattern of capital flows.3 By
using data for the period 1960-2000 from 87 countries, we present empirical evidence
which … cost affect participa-
9Galor and Moav (2000) derive a similar effect from technological change instead of CMI.
10
tion in …