Twenty-two econometric tests on the gravitation and convergence of industrial rates of return in New Zealand and Taiwan - extended version
AbstractWe test the hypotheses of industry return rates either gravitating around or converging towards a common value in Taiwan and New Zealand. We adopt various econometric approaches. The results are then nested in a meta-analytic framework together with those of the past literature. Various kinds of limitations to capital mobility can hamper the tendential equalization of return rates. Focusing on those arising from different innovation capabilities across industries can pave the way to collaboration between evolutionary and radical political economics.
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Bibliographic InfoPaper provided by University of Verona, Department of Economics in its series Working Papers with number 38/2012.
Date of creation: Dec 2012
Date of revision:
Publication status: Published in International Review of Applied Economics
capital mobility; gravitation; convergence; return rates on regulating capital; panel data;
Find related papers by JEL classification:
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
- L80 - Industrial Organization - - Industry Studies: Services - - - General
- L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General
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- Stefania Tescari & Andrea Vaona, 2013. "Regulating rates of return do gravitate in US manufacturing!," Working Papers, University of Verona, Department of Economics 19/2013, University of Verona, Department of Economics.
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