文章基本信息

标题：Does institutional quality explain the Lucas Paradox? Evidence from Africa
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作者：Olufemi A Aluko ; Muazu Ibrahim
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2019
卷号：39
期号：3
页码：1-8
出版社：Economics Bulletin
摘要：The Lucas Paradox occurs when capital does not flow from the rich to poor countries contrary to the prediction of the neoclassical model. We examine whether institutional quality explains the Lucas paradox in Africa. Our evidence suggests that, the paradox by far is unexplained by institutional quality. This evidence is robust to the presence of outliers and endogeneity.