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Evolution of Profit Persistence in the USA: Evidence from Three Periods

Gschwandtner, Adelina (2012) Evolution of Profit Persistence in the USA: Evidence from Three Periods. Manchester School, 80 (2). pp. 172-209. ISSN 1463-6786. (doi:10.1111/j.1467-9957.2011.02277.x) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:40540)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1111/j.1467-9957.2011.02277.x

Abstract

In the present study we analyze and compare profit persistence during the periods 1950–66, 1967–83 and 1984–99 in the USA. While most of the previous studies performed persistence analysis on survivors only, the present set-up allows for companies to enter and exit the analyzed sample, giving a more comprehensive depiction of the US economy during this half of the century. The results point towards a constant increase of competition after the opening of the US economy to international competition in the 1960–80s. Key determinants of profit persistence seem to be the firm's and industry size, industry growth, and more recently risk, advertising and exports.

Item Type: Article
DOI/Identification number: 10.1111/j.1467-9957.2011.02277.x
Additional information: number of additional authors: 0;
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Stewart Brownrigg
Date Deposited: 07 Mar 2014 00:05 UTC
Last Modified: 01 Feb 2020 04:05 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/40540 (The current URI for this page, for reference purposes)
Gschwandtner, Adelina: https://orcid.org/0000-0002-6952-1782
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