McGrattan, Ellen R. - Federal Reserve Bank of Minneapolis - 2009
investment and employment. Furthermore, since intangible investments are expensed, both gross domestic product (GDP) and gross … increases. Furthermore, since
part of FDI is intangible investment that is expensed from company profits, gross domestic product … describe how to construct the relevant accounting measures for the model.
Gross domestic product (GDP) for country i at date t …