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Profitability and Concentration in Australian Manufacturing Industries:A Reply
Author(s) -
ROUND DAVID K.
Publication year - 1978
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1978.tb01643.x
Subject(s) - profitability index , leech , economics , econometrics , variable (mathematics) , series (stratigraphy) , capital (architecture) , microeconomics , industrial organization , mathematics , computer science , finance , geography , mathematical analysis , world wide web , paleontology , archaeology , biology
This brief note takes the adjusted profitability data series suggested by Leech and Grant, and shows that the weak and generally not strongly significant effect which concentration has on such profitability data (as shown by Leech and Grant) becomes even weaker and less significant when the model is more appropriately specified to include a capital‐output variable.