rate of return on capital

[Diane Monaco]

At 01:47 PM 4/16/2002 -0400, you wrote:
>One version of that can be estimated by looking at BEA's direct investment 
>data for the U.S. <http://www.bea.gov/bea/di/di1usdop.htm> - divide 
>profits by the capital stock. When I've done it, I've been surprised at 
>how low returns are in some "developing" countries, and how high they are 
>in some "developed" ones.

Well that's precisely what I'm finding and it seems so counterintuitive not 
to mention unsupported by traditional theories like Solow's growth 
theory...hmm.  Thanks.

Diane