In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD countries since 1970.nonpara-metric statistical tests of stochastic dominance criteria to bivariate distributions.
This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in two countries between 1985 and 1994.
The role of financial institutions and corporate governance in the conduct and performance of industrial firrm, especially in the area of technological innovation and international competition has been hotly debated in the recent past.
A long-standing concern surrounding the performance of the UK economy is its perceived failure to maintain the same technological pace as its competitors.