Die Zyklik der Profite in der Ernährungswirtschaft: Ein internationaler Vergleich

Julia Korner and Christoph Weiss

German Journal of Agricultural Economics, 2001, vol. 50, issue 03, 5

Abstract: Based upon the structure-conduct-performance approach the present paper analyses determinants of price-cost-margins over the business cycle for food industries in Germany, the USA as well as the Netherlands. Controlling for market structure variables, cyclical fluctuations in profitability are interpreted as evidence for changes in firm behaviour. The econometric panel data models reveal procyclic fluctuations of profits in highly concentrated industries in Germany. In contrast, profitability in competitive industries in Germany as well as in all US food industries are found to be more stable over the business cycle. This observation is explicable in terms of a more aggressive behaviour of firms in boom periods. The econometric model does not adequately explain industry differences in profitability in the Netherlands.

Keywords: Agribusiness; Industrial Organization (search for similar items in EconPapers)
Date: 2001
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Working Paper: Die Zyklik der Profite in der Ernährungswirtschaft: Ein internationaler Vergleich (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:gjagec:98878

DOI: 10.22004/ag.econ.98878

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