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Does Aggregate Profitability Really Matter?

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Author Info
Glyn, A

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Abstract

The impact of profitability on capital accumulation, neglected in conventional accounts, is confirmed by a cross sectional analysis of the post-war experience of manufacturing in OECD economies and this is consistent with a body of time-series and firm level studies.

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Publisher Info
Paper provided by Centre for Economic Performance & Institute of Economics in its series Papers with number 17.

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Length: 32 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:cepies:17

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Postal: United Kingdom; Centre for Economic Performance & Institute of Economics and Statistics, Oxford University. Manor Road. Oxford OX1 3Ul
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Web page: http://www.economics.ox.ac.uk/
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Related research
Keywords: MANUFACTURING ; PROFITABILITY ; CAPITAL GAINS;

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Find related papers by JEL classification:
L6 - Industrial Organization - - Industry Studies: Manufacturing

Cited by:
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  1. James Heintz, 2002. "Capital Accumulation and Macro Policy in South Africa: Political Instability, Distributive Conflict, and Economic Institutions," Working Papers wp29, Political Economy Research Institute, University of Massachusetts at Amherst. [Downloadable!]
  2. James Crotty, 2002. "The Effects of Increased Product Market Competition and Changes in Financial Markets on the Performance of Nonfinancial Corporations in the Neoliberal Era," Working Papers wp44, Political Economy Research Institute, University of Massachusetts at Amherst. [Downloadable!]
  3. Malcolm Sawyer, 1999. "The Kaleckian Analysis and the New Millennium," Review of Political Economy, Taylor and Francis Journals, vol. 11(3), pages 303-319, July. [Downloadable!] (restricted)
  4. Gavin Cameron & Chris Wallace, 2002. "Macroeconomic Performance in the Bretton Woods Era, And After," Economics Series Working Papers 130, University of Oxford, Department of Economics. [Downloadable!]
    Other versions:
  5. Jesus Felipe, 2005. "Aggregate Investment In The People'S Republic Of China: A Comment," CAMA Working Papers 2005-17, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
  6. Gilberto Tadeu Lima, 2005. "Functional Distribution, Capital Accumulation And Growth In A Non-Linear Macrodynamic Model," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 057, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics]. [Downloadable!]
  7. Jesus Felipe, 2005. "A Note On Competitiveness, Unit Labor Costs And Growth: Is "Kaldor'S Paradox" A Figment Of Interpretation?," CAMA Working Papers 2005-06, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
  8. Malcolm Sawyer, 1998. "The Kaleckian Analysis and the New Mellinium," Macroeconomics 9805001, EconWPA, revised 01 Sep 1998. [Downloadable!]
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