This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America … catching up? Productivity growth certainly made their industries more competitive in home and foreign markets, but other forces …

other aspects of firm behaviour. In this paper we consider the impact of minimum wages on firm profitability by exploiting … firm profitability was significantly reduced (and wages significantly raised) by the minimum wage introduction. This … residential care homes, and a second on firms across all sectors). Interestingly, we find no evidence that the profitability …

effects upon profitability. We test for weak instruments and check sub-sample robustness. Our findings seem to lend support to …

In this paper, we study the link between profitability, fiscal policy and exchange rate regimes. We are particularly … the different types of government spending and taxation affect profitability through two main channels, namely changes in … different components of fiscal policy have different effects on profitability depending on the exchange rate regime. Using a …

This Paper examines the effect of price competition on innovation, market structure and profitability in R … counts and profitability over 1952-77. The econometric results suggest that the introduction of restrictive practices …&D-intensive manufacturing industries, while it caused a significant rise in concentration in these industries. In the short run profitability …

We develop a simple approach to valuing stocks in the presence of learning about average profitability. The market …-to-book ratio (M/B) increases with uncertainty about average profitability, especially for firms that pay no dividends. M/B is … returns. Firm profitability has become more volatile recently, helping explain the puzzling increase in average idiosyncratic …

We propose that an active takeover market provides incentives by offering acquisition opportunities to successful … performance-based pay are non-monotonic in the intensity of the takeover threat. In firms with weak boards, turnover (performance …-based pay) increases (decreases) with the intensity of the takeover threat. When choosing its acquisition policy and the quality …

, such as elections. We collect new data to document the presence of voluntary and social organizations and the history of …

research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history …