STOCHASTIC DETERMINANTS OF INTERFIRM PROFITABILITY DIFFERENCES

Article Abstract:

A SIMULATION MODEL OF FIRM BEHAVIOR THAT INCORPORATES MARKET FEATURES IS DEVELOPED. THE EFFECTS OF RANDOMLY DISTRIBUTED INVESTMENT OPPORTUNITIES ARE ANALYZED. IMPLICATIONS IN TERMS OF THE RELATIONSHIPS BETWEEN MARKET STRUCTURE AND PROFITABILITY ARE DISCUSSED, SUGGESTIONS FOR FURTHER RESEARCH ARE PROVIDED.

Methods, Analysis, Evaluation, Measurement, Profit, Profits, Markets (Economics), Industry, Industries, Investment analysis, Securities analysis, Correlation (Statistics)

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MONEY AND THE PRODUCTION FUNCTION: A TEST FOR SPECIFICATION ERRORS

Article Abstract:

THE AUTHORS DISCUSS THE ESTIMATION OF PRODUCTION FUNCTIONS INCLUDING REAL CASH BALANCES IN TERMS OF SPECIFICATION ERRORS. TIME SERIES DATA AND REGRESSION TECHNIQUES ARE EMPLOYED. RESULTS INDICATE THE VALIDITY OF THE TWO-FACTOR CES PRODUCTION FUNCTION. ALTERATIONS TO THIS FUNCTION USUALLY LEADS TO ERRORS.

Production management, Cash flow, Money supply

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Stochastic permanent breaks

Article Abstract:

Time series analysis usually makes a sharp distinction between permanent and transitory shocks on systems. This paper formulates a process whereby the long-run impacts of both are forecast.

Science & research, Econometrics & Model Building, Statistical Data Included, Research, Systems analysis, Econometrics, Business models

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