{ "item_title" : "Do Intangible Assets Explain High U.S. Foreign Direct Investment Returns?", "item_author" : [" Benjamin Bridgman", "U. S. Department of Commerce Bureau of E "], "item_description" : "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.", "item_img_path" : "https://covers3.booksamillion.com/covers/bam/1/28/873/205/1288732058_b.jpg", "price_data" : { "retail_price" : "15.75", "online_price" : "15.75", "our_price" : "15.75", "club_price" : "15.75", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

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