149272 - Capital flight, saving rate and the golden rule level of capital.pdf (292.7 kB)
Capital flight, saving rate and the golden rule level of capital: policy recommendations for latin american countries
journal contributionposted on 2023-05-21, 06:30 authored by Joaquin VespignaniJoaquin Vespignani
This paper seeks to analyze the determinants of capital flight in selected Latin American countries throughout the 1990s, and gives some insights into what economic policies would be adequate under capital flight conditions. Finding empirically, the saving rate to be a new determinant of capital flight, this paper discusses whether or not achieving the golden rule level of capital would be desirable and what source of government revenue (direct or indirect taxation) would be appropriate under those conditions.
Publication titleAmerican Review of Political Economy
PublisherUniversity of Washington
Place of publicationUnited States
Rights statement(c) 2009. The Author(s). Published with license by the American Review of Political Economy. The American Review of Political Economy is an open access journal published and distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license (https://creativecommons.org/licenses/by-nc-nd/4.0/)