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Does Aggregate Profitability Really Matter?

Andrew Glyn

Working Papers from Centre for Economic Performance & Institute of Economics

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.

Keywords: MANUFACTURING; PROFITABILITY; CAPITAL GAINS (search for similar items in EconPapers)
JEL-codes: L6 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1997
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