• Does institutional quality resolve the Lucas Paradox? 

    Akhtaruzzaman, Muhammad; Hajzler, Christopher; Owen, P. Dorian
    The Lucas Paradox observes that capital flows predominantly to relatively rich countries, contradicting the neoclassical prediction that it should flow to poorer capital-scarce countries. Alfaro, Kalemli-Ozcan, and Volosovych ...
  • Essays on the Determinants of Capital Flows 

    Akhtaruzzaman, Muhammad
    This thesis investigates the determinants of international capital flows and strives to present new evidence-based answers to the long-standing question of why capital tends not to flow from rich to poor countries as ...