Global evidence on the distribution of economic profit rates
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- 作者：Michael A. Williams ; mwilliams@competitioneconomics.com" class="auth_mail" title="E-mail the corresponding author ; Grace Baek gbaek@competitioneconomics.com" class="auth_mail" title="E-mail the corresponding author ; Leslie Y. Park lpark@competitioneconomics.com" class="auth_mail" title="E-mail the corresponding author ; Wei Zhao wzhao@competitioneconomics.com" class="auth_mail" title="E-mail the corresponding author
- 关键词：Firm profit rates ; Theoretical distributions ; Empirical distribution function tests
- 刊名：Physica A: Statistical Mechanics and its Applications
- 出版年：2016
- 出版时间：15 September 2016
- 年：2016
- 卷：458
- 期：Complete
- 页码：356-363
- 全文大小：384 K
文摘
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We use global data to examine empirically the distribution of economic profit rates.
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We use the data to test eight theoretical distributions with EDF statistics.
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The consensus finding in the literature supports the Laplace distribution.
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We find economic profit rates are best fit by the heavier-tailed Cauchy distribution.