The Persistence of Profits: A European Comparison
Paul Geroski and
Alexis Jacquemin
Economic Journal, 1988, vol. 98, issue 391, 375-89
Abstract:
This paper is concerned with modeling the movements in profits of firms over time. At the heart of the emp irical model is a latent variables problem which arises from the fact that entry and imitation do not actually have to occur to have an ef fect on profits. A solution to this problem is explored, and then emp irical results are presented comparing a sample of firms from the Uni ted Kingdom, France, and West Germany. Copyright 1988 by Royal Economic Society.
Date: 1988
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