Has the Lucas Paradox been fully explained?
Azemar, Celine and Desbordes, Rodolphe (2013) Has the Lucas Paradox been fully explained? Economic Letters, 121 (2). pp. 183-187. ISSN 0165-1765
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Abstract
Alfaro, Kalemli-Ozcan, and Volosovych (2008) argue that accounting for differences in institutional quality makes the Lucas Paradox disappear. We show that their key finding is driven by the presence of outliers. Once we control for them, we find that the Lucas Paradox remains.
| Creators(s): |
Azemar, Celine and Desbordes, Rodolphe  ORCID: https://orcid.org/0000-0001-8923-5401;
| Item type: | Article |
|---|---|
| ID code: | 48066 |
| Keywords: | capital flows, institutional quality, Lucas Paradox, outliers, Finance, Economic Theory, Finance, Economics and Econometrics |
| Subjects: | Social Sciences > Finance Social Sciences > Economic Theory |
| Department: | Strathclyde Business School > Economics |
| Depositing user: | Pure Administrator |
| Date deposited: | 13 May 2014 14:18 |
| Last modified: | 26 May 2020 00:36 |
| Related URLs: | |
| URI: | https://strathprints.strath.ac.uk/id/eprint/48066 |
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