美国制造业的利润率动态

IF 1.4 Q3 ECONOMICS

International Review of Applied Economics Pub Date : 2022-12-22 DOI:10.1080/02692171.2022.2154917

M. Joffe

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引用次数: 1

摘要

利润率收敛性是标准理论的一个重要特征。然而，其证据基础薄弱。该书的关键主张在1985年至2016年的美国制造业中得到了检验。研究结果显示了趋同的有力证据，但部门间资本流动较弱，且没有收益递减。即使在三十年的强烈收敛之后，仍然存在相当大的分散，而且这是对称的;金融危机等宏观冲击只产生了短暂的影响。现有文献中的四个理论被发现与这些发现相一致，并提出了一个假设，以一种现实的方式综合了它们。

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Profit rate dynamics in US manufacturing

Profit rate convergence is an important feature of standard theory. However, its evidence base is weak. Its key propositions were tested for US manufacturing, 1985-2016. The findings demonstrate strong evidence of convergence, but weak inter-sectoral capital flows, and no diminishing returns. Considerable dispersion remained even after three decades of strong convergence, and this was symmetrical; macro shocks, such as the financial crisis, had only a transient impact. Four of the existing theories in the literature are found to be compatible with these findings, and a hypothesis is suggested that synthesizes them in a realistic manner.

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来源期刊

International Review of Applied Economics ECONOMICS-

CiteScore

4.30

自引率

4.50%

发文量

期刊介绍： International Review of Applied Economics is devoted to the practical applications of economic ideas. Applied economics is widely interpreted to embrace empirical work and the application of economics to the evaluation and development of economic policies. The interaction between empirical work and economic policy is an important feature of the journal. The Journal is peer reviewed and international in scope. Articles that draw lessons from the experience of one country for the benefit of others, or that seek to make cross-country comparisons are particularly welcomed. Contributions which discuss policy issues from theoretical positions neglected in other journals are also encouraged.