On the gravitation and convergence of industry profit rates in Denmark, Finland, Italy and the US

Andrea Vaona

No 02/2010, Working Papers from University of Verona, Department of Economics

Abstract: The hypotheses of profit rates gravitating around or converging towards a common value is tested using Danish, Finnish, Italian and US data. Both hypotheses are rejected for all the countries considered. This is interpreted as the result of limitations to capital mobility and of persistent differentials in the innovative performance of industries.

Keywords: capital mobility; gravitation of profit rates; convergence; SURE estimation; exactly median unbiased estimator (search for similar items in EconPapers)
JEL-codes: L16 L19 L60 L70 L80 L90 (search for similar items in EconPapers)
Pages: 26
Date: 2010-01
New Economics Papers: this item is included in nep-bec
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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