This note presents annual figures for gross expenditure on U.K. central government assistance to industry over the period 1960-90. This is part of on-going research on the determinants and effects of U.K. industrial assistance. All figures are at current prices and a breakdown is provided...

This paper analyzes the observed phenomenon of public for private fund substitution in industrial assistance by examing the public and private sector funding of investment under different assumptions about the nature of the private capital market. This bears on the effectiveness of industrial...

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 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...