Name:-Arslan Aylyyev Student Id:- L20212E090513 Department:- applied economy University Name:- zhejiang scitech university Assignment name: ANNOTATED BIBLIOGRAPHY Annotated Bibliography The Return to Capital in Capital-Scarce Countries Anusha Chari and Jennifer S. Rhee NBER Working Paper No. 27675 August 2020 JEL No. E13,F21,G15,G32,O16 This article is written by Anusha Chari and Jennifer S. Rhee who are the masters of their knowledge in this field. This article uses firm-level data to study the relationship between the marginal product of capital and financial indicators of profitability in different countries. Estimates based on financial reporting data show that countries with capital deficits exhibit higher marginal capital products. However, financial incomes adjusted for inflation are approximately equal in countries with a deficit and excess of capital. The discrepancy between marginal capital products and financial returns means that there may be little incentive for capital inflows to capital-deficient countries. in this regard, it is assumed that internal difficulties with capital accumulation, such as sufficiently large capital adjustment costs, can separate financial profit margins from the marginal product of capital in different countries. This source got into my list of interests because I think studying the topic of capital of each country separately helps me to understand the economic situation in the world. And I am sure that familiarization with these things will not only help me with the final project, but also expand my economic outlook.
