In this paper, comparative levels of productivity in the manufacturing sectors of France, Germany, the Netherlands, the United Kingdom, and the United States are measured on the basis of the "industry of origin" approach. Value added for each country is converted to a common currency by an...

The authors show that, interpreted broadly, the error-correction form is a member of a general class of transformations including those of R. A. Bewley (1979) and G. Bardsen (1989), which give numerically equivalent estimates of long-run multipliers. Whereas the advantage of the Bewley form is...

This paper focuses on how tax reforms affect corporate dividend policy at disaggregate level. A panel data partial adjustment model of dividend payment is estimated using Italian data. The sample period (1962-83) includes two important reforms changed the dividend taxation. Tax discrimination...

It is shown that American industry was already more than twice as productive as British industry by the 1920s, and that the gap was larger in heavy industry, confirming Britain's comparative advantage in light industry. A large data set is assembled and used in a cross-sectional econometric...

This paper presents a test of the reconstruction thesis, a paradigm of postwar growth in West Germany, to explain long run growth, 1950-80, in a sample of 16 rich OECD countries, in competition with the technology gap argument. The regression results suggest that both causes of growth contribute...