¿Es chile un mercado competitivo? Análisis de la persistencia de la rentabilidad aplicando un panel dinámico

Translated title of the contribution: Is chile a competitive market? analysis of persistence of profits using a dynamic panel approach

Claudio Araya Sassi, Pablo Rodrigo, Francisco Morales

Research output: Contribution to journalArticlepeer-review

Abstract

The phenomenon of persistence of profits has been studied for a considerable time in both developed and developing countries. However, the empirical evidence is inconsistent: while some research suggests that companies operating in developing countries display lower persistence levels, other studies find this to be the case for firms in developed countries. This paper uses a dynamic panel approach to examine the persistence of profits of companies operating in Chile. The results suggest that Chile's competitive environment is relatively weak and incapable of eroding company performance significantly. Chile displays lower levels of competetiveness even than countries with lower levels of economic development.

Translated title of the contributionIs chile a competitive market? analysis of persistence of profits using a dynamic panel approach
Original languageSpanish
Pages (from-to)113-126
Number of pages14
JournalInnovar
Volume24
Issue number51
DOIs
StatePublished - 2014
Externally publishedYes

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