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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Do Intangible Assets Explain High U.S. Foreign Direct Investment Returns?

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

Bridgman, Benjamin
U. S. Department of Commerce Bureau of E.

Paperback

General Political Science

ISBN10: 1288732058
ISBN13: 9781288732050
Publisher: Bibliogov
Published: Feb 8 2013
Pages: 36
Weight: 0.18
Height: 0.07 Width: 7.44 Depth: 9.69
Language: English
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.

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