Do Intangible Assets Explain High U.S. Foreign Direct Investment Returns? - Couverture souple

Bridgman, Benjamin

Couverture souple

ISBN 10 : 1288732058 ISBN 13 : 9781288732050

Editeur : Bibliogov, 2013

Synopsis

U.S. investors abroad receive a higher return on their assets than their counterparts that invest in the United States. I examine the degree to which excluding intangible assets from the measurement of foreign direct investment can account for this gap. Using a growth accounting framework, I estimate intangible capital stocks for foreign-owned a liates and nd that including unmeasured capital reduces the gap by up to two thirds. U.S. a liates abroad hold a relatively large share of their assets as intangible capital since they are taxed at the relatively high U.S. corporate rate and intangible investment is expensed. Accounting for intangibles reduces a similar gap in British FDI returns by nearly half.

Détails de l'édition

• Éditeur: Bibliogov
• Date d'édition: 2013
• Langue: anglais
• ISBN 10: 1288732058
• ISBN 13: 9781288732050
• Reliure: Broché
• Nombre de pages: 36
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible