A Comparative Analysis of Intertemporal Behavior of Profits: Japan and the United States
比较日本和美国制造业企业利润的自回归方程，发现两国企业利润调整模式相似，但进口、行业增长和资本密集度对利润调整的影响存在国家差异。
This paper first asks whether the working of market forces in Japanese manufacturing industries is unique to them or similar to U.S. counterparts. It is found that autoregressive profit equations for 376 Japanese firms over 1964-82 are on average similar to those for 413 U.S. firms over 1964-80. The paper next asks whether the interindustry pattern of profit adjustments in Japan is related to industry traits in a manner analogous to the United States. In this case, specific national differences between the two countries in the effects of imports, industry growth, and capital intensity on the profit-adjustment process are found. Copyright 1989 by Blackwell Publishing Ltd.