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