Quotation Gschwandtner, Adelina, Crespo Cuaresma, Jesus. 2008. Tracing the Dynamics of Competition: Evidence from Company Profits. Economic Inquiry 46 (2): 208-213.


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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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Economic Inquiry
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, VW-C, WH-B
Language English
Title Tracing the Dynamics of Competition: Evidence from Company Profits
Volume 46
Number 2
Year 2008
Page from 208
Page to 213
Reviewed? Y
URL http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1120565

Associations

People
Gschwandtner, Adelina (Former researcher)
Crespo Cuaresma, Jesus (Details)
Organization
Institute for Statistics and Mathematics IN (Details)
Institute for Macroeconomics IN (Details)
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