Twenty-two econometric tests on the gravitation and convergence of industrial rates of return in New Zealand and Taiwan - extended version

Andrea Vaona

No 38/2012, Working Papers from University of Verona, Department of Economics

Abstract: We test the hypotheses of industry return rates either gravitating around or converging towards a common value in Taiwan and New Zealand. We adopt various econometric approaches. The results are then nested in a meta-analytic framework together with those of the past literature. Various kinds of limitations to capital mobility can hamper the tendential equalization of return rates. Focusing on those arising from different innovation capabilities across industries can pave the way to collaboration between evolutionary and radical political economics.

Keywords: capital mobility; gravitation; convergence; return rates on regulating capital; panel data (search for similar items in EconPapers)
JEL-codes: L16 L19 L60 L70 L80 L90 (search for similar items in EconPapers)
Date: 2012-12
New Economics Papers: this item is included in nep-hme
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Citations: View citations in EconPapers (1)

Published in International Review of Applied Economics

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