This paper aim to test two hypothesis about evolutionary path of industrial profit rate in Chinese *** first,we study the difference of industry profit rate,which indicate significant discrepancy among industries and ...
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This paper aim to test two hypothesis about evolutionary path of industrial profit rate in Chinese *** first,we study the difference of industry profit rate,which indicate significant discrepancy among industries and industry level could explain a mass of differences,also significant time effect are *** then,we use AR(1)model and regress model test the evolutionary path and profit persistence,which report in china most industries obey time detrending mode and few follow stationary *** conclusion give explain about these results and advice about future research.
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