http://hdl.handle.net/2027.42/78545 2013-05-19T02:59:06Z http://hdl.handle.net/2027.42/91021 Statistical evidence of falling profits as a cause of recession: A short note Tapia Granados, Jose Data on 251 quarters of the U.S. economy show that recessions are preceded by declines in profits. Profits stop growing and start falling four or five quarters before a recession. They strongly recover immediately after the recession. Since investment is to a large extent determined by profitability and investment is a major component of demand, the fall in profits leading to a fall in investment, in turn leading to a fall in demand, seems to be a basic mechanism in the causation of recessions. 2012-01-01T00:00:00Z http://hdl.handle.net/2027.42/90947 Semiparametric Likelihood Ratio Inference Murphy, Susan A.; van der Vaart, A. W. 1997-01-01T00:00:00Z http://hdl.handle.net/2027.42/90946 Asymptotic Theory for the Frailty Model Murphy, Susan A. 1995-01-01T00:00:00Z http://hdl.handle.net/2027.42/90945 Observed Information in Semiparametric Models Murphy, Susan A.; van der Vaart, A. W. 1999-01-01T00:00:00Z