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About the theory and empirical analysis of the persistence of profit"and its applicability to Colombia"

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  • Isabel Ruiz

Abstract

This paper looks into the application of the theory of the persistence of profits" and how it can be used to model manufacturing industries in Colombia. By explaining where the theory of "persistence of profits" comes from, what it is, and what its determinants are brief descriptions of the theory is given. This paper proposes a model for examining persistence of profits in Colombian manufacturing industry. By analyzing the literature and the modeling in developed countries the model takes into account the characteristics of the manufacturing industry.Resumen: Este trabajo analiza las aplicaciones de la teoría de la "persistencia en los beneficios" y cómo, ésta, puede ser usada para modelar el comportamiento de la Industria Manufacturera en Colombia. La teoría es interpretada analizando cuales son sus Fuentes conceptuales iniciales, de qué corrientes de análisis económico provienen y qué, y cuáles son los determinantes de los beneficios industriales "por encima de la norma". En este estudio, se propone un modelo para examinar la teoría de la "persistencia en los beneficios" en la Industria Manufacturera en Colombia. Se construye un modelo tomando en cuenta las características de la Industria y las sugerencias de la evidencia empírica."

Suggested Citation

  • Isabel Ruiz, 2003. "About the theory and empirical analysis of the persistence of profit"and its applicability to Colombia"," Revista Ecos de Economía, Universidad EAFIT, April.
    • Handle: RePEc:col:000442:010808
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    File URL: http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2000/2006
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    References listed on IDEAS

    as
    1. Isabel Ruiz, 2003. "About the theory and empirical analysis of the persistence of profit"and its applicability to Colombia"," Revista Ecos de Economía, Universidad EAFIT, April.
    2. Geroski, Paul A & Jacquemin, Alexis, 1988. "The Persistence of Profits: A European Comparison," Economic Journal, Royal Economic Society, vol. 98(391), pages 375-389, June.
    3. Juán Sebastián Maya & Lina Marcela Cardona Sosa & Alberto Jaramillo & Hermilson Velásquez, 2002. "Análisis de varianza de los beneficios de las empresas manufactureras en Colombia, 1995-2000," Documentos de Trabajo de Valor Público 5429, Universidad EAFIT.
    4. Mueller, Dennis C, 1977. "The Persistence of Profits above the Norm," Economica, London School of Economics and Political Science, vol. 44(176), pages 369-380, November.
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    Cited by:

    1. Isabel Ruiz, 2003. "About the theory and empirical analysis of the persistence of profit"and its applicability to Colombia"," Revista Ecos de Economía, Universidad EAFIT, April.
    2. Diem Nguyen & Vicki McCracken & Ken Casavant & Eric Jessup, 2011. "Geographic location, ownership and profitability of Washington log trucking companies," Regional Science Policy & Practice, Wiley Blackwell, vol. 3(2), pages 115-125, June.

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    More about this item

    Keywords

    Persistence of profits; Monopoly; Market structure; Market share; Firm Concentration Ratio; Barriers to Entry; Static and Dynamic Market Models; Intraindustry Mobility; Time Series Models; Persistencia en los beneficios; Monopolios; Estructura de Mercado; Concentración de la firma; Barreras de Entrada; Modelos dinámicos y estáticos; Mobilidad de intraindustria; Modelos de series de tiempo;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D2 - Microeconomics - - Production and Organizations
    • D3 - Microeconomics - - Distribution
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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