| Tekijä: | Yamawaki, H. |
| Otsikko: | A comparative analysis of intertemporal behavior of profits : Japan and the United States. |
| Lehti: | Journal of Industrial Economics
1989 : JUN, VOL. 37:4, p. 389-409 |
| Asiasana: | PROFITABILITY ECONOMIC POLICY MANUFACTURING INDUSTRY JAPAN USA |
| Kieli: | eng |
| Tiivistelmä: | The competitive processes in Japanese industries are examined within a comparative research design. It is shown how much the speed of profit adjustments in Japanese manufacturing industries differ from those in the USA. It is found that autoregressive profit equations for 376 Japanese firms over 1964-82 are on average similar to those for 413 USA firms over 1964-80. Then the inter-industry patterns of profit adjustments are investigated. In this case specific national differences between the two countries in the effects of imports, industry growth, and capital intensity on the profit adjustment process are found. |
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