This paper provides estimates of price-marginal cost ratios for manufacturing and services sectors in the Eurozone, the US and Japan over the period 1970-2007. The estimates are obtained applying τhe methodology developed by Hall (1988) and extended by Roeger (1995) on the EU KLEMS March 2011...

This research attempts to look into how the weaknesses and shortcomings in soft and hard infrastructure have been the obstacles to the upgrading and diversification of industrial structure in Viet Nam. It is important to overview the status of key industries before examining what elements of...

This paper aims to find out how intense is the competition in Polish commercial banks loan market. Using Panzar – Rosse H-statistics and applying several estimation techniques (GLS, one-step GMM and two-step GMM) we find that this intensity is sensitive to the estimator applied. Upon analysis...

This paper challenges the economic constraints associated with the so-called post-industrial trilemma. Following Iversen’s and Wren’s seminal 1998 paper, it has been widely accepted that differential industry-level productivity increases rule out a solidaristic structure of wages, due to the...

This paper provides new evidence for the servitization of European manufacturing – the trend that manufacturing firms increasingly offer services along with their physical products. We employ input-output data as well as data from a company survey to give a comprehensive picture of...

This paper summarizes reactions to the theory of contestable markets and industry structure. The reactions came immediately after the theory was published. The summary finds that the proposed theory stands on sound grounds. However, empirically the theory leaves much to be desired especially for...

The main aim of this study is to investigate the relationship between working capital management (WCM) and firm’s profitability in the textile sector of Pakistan. WCM plays an important role in firm’s financial management decisions. An optimal WCM is expected to contribute positively to the...

Between 1981 and 2001 Italy became a services-oriented economy. The loss of jobs in manufacturing was less pronounced in Italy’s organized industrial districts than in the rest of the country. The branches of manufacturing that typify the districts outperformed the others in terms of...

Cet article estime l’effet des restructurations industrielles sur le niveau de diplôme acquis par les jeunes générations sur la période 1956-1993 en France. Nous mobilisons les données issues de l’enquête Formation et Qualification Professionnelle 2003 et de plusieurs vagues...

If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices don't change. We study a situation where producers adjust the quantity per...