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...

This paper uses detailed industry level time-series data for the UK regions which suggests that convergence (at least in terms of output-per-employee) was not occurring during the period 1968-92. Based on testing for unit roots, it is found that in a majority of industries and regions growth was...

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...