Tracing The Dynamics Of Competition: Evidence From Company Profits
Abstract"This article proposes a simple approach to analyzing profit dynamics, which allows for time-varying persistence of profits. The time series model is a simple autoregressive process where the dynamics of the persistence parameter follow an autoregressive process. Using the longest time series available on profits for more than a hundred U.S. firms, we find that there is ample evidence of time variation in the persistence parameter." ("JEL" L00, C22) Copyright (c) 2007 Western Economic Association International.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 46 (2008)
Issue (Month): 2 (04)
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Other versions of this item:
- Jesús Crespo Cuaresma & Adelina Gschwandtner, 2005. "Tracing the dynamics of competition: Evidence from company profits," Vienna Economics Papers 0504, University of Vienna, Department of Economics.
- L00 - Industrial Organization - - General - - - General
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Vienna Economics Papers
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Vienna Economics Papers
0806, University of Vienna, Department of Economics.
- Adelina Gschwandtner & Jesus Crespo Cuaresma, 2013. "Explaining the Persistence of Profits: A Time-Varying Approach," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 20(1), pages 39-55, February.
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