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. However, the low efficiency in Chinese banks is still persistent, as evident in many empirical studies (e.g. Feyzioğlu, (2009 …)). The contradiction of high profitability and low efficiency causes great confusion in understanding banking in China. Our … pattern with peer banks from Asia, Europe and North America. We first test the hypothesis that the average asset return of the …
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The effect of labour costs on industry profits, employment and labour income is at the heart of the current European debate on industry competitiveness. High wages paid in European countries such as Germany are generally considered harmful for industry profitability. Though, high wages appear...
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We present a simple general-equilibrium model where one industry is oligopolistic and vertically differentiated. The manufacturing of products of a higher quality requires the employment of a larger amount of skilled labour. Given an underlying skills distribution, the model determines profits,...
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