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Comparing the cost of capital in the United States and Japan: a survey of methods

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  • James M. Poterba

Abstract

Recent years have seen the emergence of a sizable literature comparing the cost of capital in the United States and Japan. This review of the literature highlights the methodological differences of previous investigations and seeks to isolate common conclusions. Emphasis is given to underlying economic and institutional factors that may contribute to cost of capital disparities.

Suggested Citation

  • James M. Poterba, 1990. "Comparing the cost of capital in the United States and Japan: a survey of methods," Quarterly Review, Federal Reserve Bank of New York, vol. 15(Win), pages 20-32.
    • Handle: RePEc:fip:fednqr:y:1990:i:win:p:20-32:n:v.15no.3-4
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    References listed on IDEAS

    as
    1. Ando, Albert & Auerbach, Alan J., 1988. "The cost of capital in the United States and Japan: A comparison," Journal of the Japanese and International Economies, Elsevier, vol. 2(2), pages 134-158, June.
    2. J. Bradford De Long & Lawrence H. Summers, 1991. "Equipment Investment and Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 445-502.
    3. Jeffrey A. Frankel, 1991. "Quantifying International Capital Mobility in the 1980s," NBER Chapters, in: National Saving and Economic Performance, pages 227-270, National Bureau of Economic Research, Inc.
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