Karak, Anirban; Basu, Deepankar - 2017 - This version: January 23, 2017
We use a state-level panel data set for the period 1969-2005 to analyze the relative importance of profitability (rate … of profit) and industrial disputes (man-days lost to all industrial disputes per worker) in explaining cross … added, investment and employment - we find that profitability is more significant than industrial disputes in explaining the …