Listar por autoría "52d53ea0-69a6-4e55-9c14-7f2db37e9e5d"
Mostrando ítems 1-3 de 3
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Exploiting ergodicity in forecasts of corporate profitability
Elsevier (2019-12-13)Theory suggests that competition tends to equalize profit rates through the process of capital reallocation, and numerous studies have confirmed that profit rates are indeed persistent and mean-reverting. Recent empirical ... -
Gibrat's Law Redux: think profitability instead of growth
Oxford University Press (OUP) (2015)We argue that firm profitability can be conveniently characterized by one and the same diffusion process for all firms, akin to Gibrat’s seminal idea of a common stochastic description for the dynamics of firm growth. Here ...
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The Real Versus the Financial Economy: A Global Tale of Stability Versus Volatility
Dennis J. Snower (2014)The question how the real and the financial side of a capitalist economy relate to each other has been a frequently recurring topic in the history of economic thought. Our paper addresses this question from the viewpoint ...
