This paper investigates the impact of fiscal policy on profits using panel data for 19 high-income OECD countries … during the period 1975-1999. We estimate a profit equation in which profits depend on a set of fiscal variables. Our … capital expenditures are associated with higher profits, while expenditures on wages and salaries deteriorate profits. At the …

forms of profits, therefore they do not require separate conceptual analysis and statistical separation. Speaking of the … the privilege of large companies and their owners; (iii) rents, rather than profits are the main driving force of the …