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Die Zyklik der Profite in der Ernährungswirtschaft: Ein internationaler Vergleich

  • Korner, Julia
  • Weiss, Christoph R.

Based upon the structure-conduct-performance approach the present paper analyses determinants of price-cost-margins over the business cycle for food industries in Germany, the USA as well as the Netherlands. Controlling for market structure variables, cyclical fluctuations in profitability are interpreted as evidence for changes in firm behaviour. The econometric panel data models reveal procyclic fluctuations of profits in highly concentrated industries in Germany. In contrast, profitability in competitive industries in Germany as well as in all US food industries are found to be more stable over the business cycle. This observation is explicable in terms of a more aggressive behaviour of firms in boom periods. The econometric model does not adequately explain industry differences in profitability in the Netherlands.

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File URL: http://purl.umn.edu/98878
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Article provided by Humboldt-Universitaet zu Berlin, Department for Agricultural Economics in its journal German Journal of Agricultural Economics.

Volume (Year): 50 (2001)
Issue (Month): 3 ()
Pages:

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Handle: RePEc:ags:gjagec:98878
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  1. Imel, Blake & Helmberger, Peter, 1971. "Estimation of Structure-Profit Relationships with Application to the Food Processing Sector," American Economic Review, American Economic Association, vol. 61(4), pages 614-27, September.
  2. Weiss, Christoph R., 1999. "Determinanten und Zyklik der Profite im produzierenden Ernährungsgewerbe Deutschlands," FE Working Papers 9904, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
  3. Schmalensee, Richard, 1989. "Inter-industry studies of structure and performance," Handbook of Industrial Organization, in: R. Schmalensee & R. Willig (ed.), Handbook of Industrial Organization, edition 1, volume 2, chapter 16, pages 951-1009 Elsevier.
  4. Koerner, Julia & Weiss, Christoph R., 2001. "Die Zyklik der Profite in der Ernährungswirtschaft: Ein internationaler Vergleich," FE Working Papers 0101, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
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