manufacturing

Measuring and Explaining Localisation: Evidence from two British Sectors

The study implies that identifying localisation remains
a delicate process, since the right sectorial scale has to be detected case by case, the use of more than one technique usually gives additional insights. The study also confirms that in field studies, a mix of different theoretical models is generally needed to
explain the observed patterns.

Machinery & Equipment Investment and Growth: Evidence from the Canadian Manufacturing Sector

Using panel data on 20 Canadian manufacturing industries (1961-1997) and time-series data (1961-2000) for the entire Canadian manufacturing sector, the paper finds that the elasticities of output with respect to M&E capital stock and M&E investment are well above capitals share of national income suggested by a constant returns to scale Cobb Douglas production function.

Do Liquidity Constraints Matter in Explaining Firm Size and Growth? Some Evidence from the Italian Manufacturing Industry

The paper investigates whether liquidity constraints affect firm size and growth dynamics using a large longitudinal sample of Italian manufacturing firms. Results of the study suggest that the strong negative impact of liquidity constraints on firm growth which was present in the pooled sample becomes ambiguous when one disaggregates across years.