Abstract
This article proposes a simple approach to analyzing profit dynamics, which allows
for time-varying persistence of profits. The time series model is a simple autoregressive process where the dynamics of the persistence parameter follow an autoregressive process. Using the longest time series available on profits for more
than a hundred U.S. firms, we find that there is ample evidence of time variation in the persistence parameter.
for time-varying persistence of profits. The time series model is a simple autoregressive process where the dynamics of the persistence parameter follow an autoregressive process. Using the longest time series available on profits for more
than a hundred U.S. firms, we find that there is ample evidence of time variation in the persistence parameter.
Originalsprache | Englisch |
---|---|
Seiten (von - bis) | 208 - 213 |
Fachzeitschrift | Economic Inquiry |
Jahrgang | 46 |
Ausgabenummer | 2 |
Publikationsstatus | Veröffentlicht - 1 Juni 2008 |