Industry Rates of Return in Korea and Alternative Theories of Competition: Equalizing Convergence Versus Tendential Equalization. (Record no. 51115)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01669nam a2200229 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190401143123.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190401b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Trofimov, Ivan D |
| 9 (RLIN) | 33429 |
| 245 ## - TITLE STATEMENT | |
| Title | Industry Rates of Return in Korea and Alternative Theories of Competition: Equalizing Convergence Versus Tendential Equalization. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 7-50 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper considers convergence and equalization in industry profit rates in the Republic of Korea during the period 1970-2015, from the perspective of alternative paradigms of competition--classical and neoclassical. Two measures of profitability--average rate of profit based on the total capital stock in the economy, and Incremental Rate of Profit (IROP) based on the concept of regulating capital--are estimated. It is shown that little convergence in industry rates of profit occurs when the former measure is used, while almost complete equalization of IROP is achieved. The classical-type equalization takes place in particular capital accumulation and competitive settings in Korea, characterized by the prominent role of diversified conglomerate firms, the capital flows within conglomerates, investment coordination by the state, and the fast pace of capital accumulation and renewal. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Economic competition |
| Uncontrolled term | Economic convergence |
| Uncontrolled term | Profitability |
| Uncontrolled term | Profitability |
| Uncontrolled term | Capital movements |
| Uncontrolled term | Capital movements |
| Uncontrolled term | Korea -- Economic conditions -- 1945- |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 30428 |
| Host Itemnumber | 74155 |
| Main entry heading | MURTHY, E N |
| Place, publisher, and date of publication | IUP PUBLICATION HYDERABAD |
| Other item identifier | 55510048 |
| Title | APPLIED ECONOMICS |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 01/04/2019 | Vol 18, No 1/ 55510048JA1 | 55510048JA1 | 01/04/2019 | 01/04/2019 |