IDEAS home Printed from https://ideas.repec.org/a/bla/jindec/v37y1989i4p389-409.html
   My bibliography  Save this article

A Comparative Analysis of Intertemporal Behavior of Profits: Japan and the United States

Author

Listed:
  • Yamawaki, Hideki

Abstract

This paper first asks whether the working of market forces in Japanese manufacturing industries is unique to them or similar to U.S. counterparts. It is found that autoregressive profit equations for 376 Japanese firms over 1964-82 are on average similar to those for 413 U.S. firms over 1964-80. The paper next asks whether the interindustry pattern of profit adjustments in Japan is related to industry traits in a manner analogous to the United States. In this case, specific national differences between the two countries in the effects of imports, industry growth, and capital intensity on the profit-adjustment process are found. Copyright 1989 by Blackwell Publishing Ltd.

Suggested Citation

  • Yamawaki, Hideki, 1989. "A Comparative Analysis of Intertemporal Behavior of Profits: Japan and the United States," Journal of Industrial Economics, Wiley Blackwell, vol. 37(4), pages 389-409, June.
    • Handle: RePEc:bla:jindec:v:37:y:1989:i:4:p:389-409
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0022-1821%28198906%2937%3A4%3C389%3AACAOIB%3E2.0.CO%3B2-K&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hiroshi Ono & Takuya Nakazato & Colin Davis & Wilson Alley, 2004. "Partial Ownership Arrangements in the Japanese Automobile Industry; 1990 - 2000," Journal of Applied Economics, Taylor & Francis Journals, vol. 7(2), pages 355-367, November.
    2. Ömer Tuğsal Doruk, . "Neither Parasite nor Paragon: Are Business Groups a Source of Competitive Power?," Prague Economic Papers, Prague University of Economics and Business, vol. 0.
    3. Michael E. Porter & Mariko Sakakibara, 2004. "Competition in Japan," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 27-50, Winter.
    4. Eklund, Johan & Wiberg, Daniel, 2007. "Persistence of profits and the systematic search for knowledge - R&D links to firm above-norm profits," Working Paper Series in Economics and Institutions of Innovation 85, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    5. Ömer T. Doruk, 2022. "Neither Parasite nor Paragon: Are Business Groups a Source of Competitive Power?," Prague Economic Papers, Prague University of Economics and Business, vol. 2022(2), pages 143-168.
    6. Leheyda, Nina, 2008. "Market Power, Multimarket Contact and Pricing: Some Evidence from the US Automobile Market," ZEW Discussion Papers 08-118, ZEW - Leibniz Centre for European Economic Research.
    7. Sameeksha Desai & Johan E. Eklund & Emma Lappi, 2020. "Entry Regulation and Persistence of Profits in Incumbent Firms," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(3), pages 537-558, November.
    8. Johan E. Eklund & Emma Lappi, 2019. "Persistence of profits in the EU: how competitive are EU member countries?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(2), pages 327-351, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jindec:v:37:y:1989:i:4:p:389-409. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.