Industrial policy in any economy has a number of varying and occasionally conflicting objectives, but the overarching intention of the various grants, subsidies and support schemes, arguably, must be to improve the economic performance of the plants they assist directly. However, in the absence...

This paper considers the contribution of information and communications technology (ICT), to international productivity performance. It first uses an international industry data set and a growth accounting framework, to show that ICT has typically had a lower impact on productivity in Europe...

This study uses the Annual Respondents Database to test whether Gibrat's law of proportionate effect holds for the UK manufacturing industry during the period 1973-1998. For a sample of manufacturing industries, four different panel unit root tests were carried out to test the relationship...