McGrattan, Ellen R. (contributor); … - 2007 - rev.
about whether or not there are indeed significant cross-border rate of return
differentials on portfolio assets and direct … investment assets. Most agree that there are
3 Caballero et al. (2008) and Mendoza et al. (2006) develop general equilibrium … of intangible assets and, if used when constructing FDI returns, could
potentially eliminate the puzzling differential …