On the gravitation and convergence of industry profit rates in Denmark, Finland, Italy and the US

The hypotheses of profit rates gravitating around or converging towards a common value is tested using Danish, Finnish, Italian and US data. Both hypotheses are rejected for all the countries considered. This is interpreted as the result of limitations to capital mobility and of persistent differentials in the innovative performance of industries.

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Year of publication:	2010-01
Authors:	Vaona, Andrea
Institutions:	Dipartimento di Scienze Economiche, Facoltà di Economia
Subject:	capital mobility \| gravitation of profit rates \| convergence \| SURE estimation \| exactly median unbiased estimator

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 02/2010 2 pages long
Classification:	L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; L19 - Market Structure, Firm Strategy, and Market Performance. Other ; L60 - Industry Studies: Manufacturing. General ; L70 - Industry Studies: Primary Products and Construction. General ; L80 - Industry Studies: Services. General ; L90 - Industry Studies: Transportation and Utilities. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008539686