Market Structure and Economic Performance in U.K. Manufacturing Industry

1973 ◽  
Vol 22 (2) ◽  
pp. 119 ◽  
Author(s):  
Sally E. Holtermann
Author(s):  
Václav Novák ◽  
Jaroslav Koutský ◽  
Rudolf Kubaš ◽  
Šárka Palcrová

The paper focuses on micro-regional structures in the Northern Bohemia, for which the tradition of industrial production is typical. In the case of the studied Děčín and Česká Lípa regions, in the past it was mainly a light processing industry. The micro-regions were defined on the basis of daily commuting data. Firm accounting data available in publicly available financial statements of companies were used to evaluate economic performance. From the relative indicators, value added labor productivity and the average monthly wage were used for the analysis. Surprisingly, an average high economic performance of the manufacturing industry was found in the monitored geographical structures. However, relatively low in the strongest industry, ie. in the automotive industry, which contributed most to the reindustrialisation of the Česká Lípa region. Ie. that foreign investment did not necessarily play a comprehensively positive role here. The typical textile industry in the Děčín region has practically completely disappeared and the whole region shows significant deindustrialisation tendencies.


2020 ◽  
Vol 8 (1) ◽  
pp. 44-74
Author(s):  
Keshab Bhattarai ◽  
Vipin Negi

FDI contributed positively to sales, profit, employment and wages of firms in India from 2004 to 2018. Foreign capital is complementing domestic capital well embodying technology and innovations required for expansion of domestic firms in it. Foreign promoters have played quite significant economic roles among firms across production sectors in manufacturing industry in India. Besides sales, total expenses, managerial remunerations and corporation taxes, involvement of foreign promoters are statistically significant determinants of profits, employment and wages among firms across all seven sectors of the manufacturing industry is clear from analysis of the Prowess database for years 2004, 2008, 2012 and 2014. These effects were even stronger in each of Modi–I years between 2015-2019 that followed the Make in India initiative in 2014. Reforms including the outright 100 per cent ownership provision in the automatic route in most industrial sectors have produced good outcomes that have not only raised the volume of FDI per capita from around 16 dollars in 2000 to 285 dollars in 2018 but also raised the global ranking of India to 63 out of 190 economies in 2019 on the ease of doing business, putting India 79 places above now than in 2014. Based on theoretical and empirical analysis it can be concluded that good sentiments of FDI in India in Modi–II years started in 2019 will prevent diminishing returns on capital and contribute towards sustainable growth in coming years. JEL Codes: F21, F23, F14, J31, O53


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