Further econometric evidence on the gravitation and convergence of industrial rates of return on regulating capital
| Autor: | Andrea Vaona |
|---|---|
| Rok vydání: | 2012 |
| Předmět: |
Macroeconomics
Economics and Econometrics Risk-adjusted return on capital jel:L80 jel:L60 return rates on regulating capital Empirical research Econometrics Economics capital mobility gravitation convergence return rates on regulating capital varying coefficient estimator panel data capital mobility gravitation convergence varying coefficient estimator panel data Rate of return jel:L70 jel:L90 Cost of capital jel:L16 Capital (economics) jel:L19 Return on capital employed Null hypothesis Panel data |
| Zdroj: | Journal of Post Keynesian Economics. 35:113-136 |
| ISSN: | 0160-3477 |
| DOI: | 10.2753/pke0160-3477350107 |
| Popis: | The hypotheses of sectoral return rates on regulating capital either gravitating around or converging toward a common value is tested on data for various OECD countries by adopting two panel varying coefficient approaches. The null hypotheses receive some empirical support, which turns out to be stronger once focusing on manufacturing industries only. The paper offers a meta-analytic framework to assess the results obtained in the present contribution as well as in the past literature. Finally, implications for economic policies and future theoretical and empirical research are discussed. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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