Kambhampati, Uma S.; Parikh, Ashok - In: Bulletin of Economic Research 57 (2005) 3, pp. 273-304
In this article, we analyse the determinants of firm-level profit margins in Indian manufacturing. The model we estimate is rich in its dynamic characterization allowing as it does for lagged terms, trend movements, business cycle effects and a structural break in 1991. We hypothesize that the...