ABSTRACT
Originally published in 1968, this second volume of the Glasgow Studies in Profit, Business Saving and Investment uses the financial data assembled in Volume 1 to test economic theories of the factor distribution income, of the appropriation of profit, of the determinants of investment, and of the return on capital. The tests enabled the measurement of long-run and short-run variation of the ratio of profit to employee compensation in the United Kingdom at the level of individual industries and the whole industrial sector. As well as measuring the relationship between a company’s sales or profits and its expenditure on fixed assets, the book describes the long-term decline in the rate of return on capital in the UK and measures the effect of the intensity of competition on this return.
TABLE OF CONTENTS
part III|55 pages
The Factor Distribution of Income
part IV|125 pages
Econometric Analyses of Profit, Dividends and Business Saving
chapter Chapter 12|36 pages
A Survey of Some Problems of Defining and Estimating Dividend and Business Saving Functions*
chapter Chapter 13|35 pages
A Macro-Econometric Analysis of the Appropriation of Profit in Manufacturing
chapter Chapter 15|18 pages
Cross-Section Regression Analysis of Profit and Dividends in the Brewing Industry, United Kingdom, 1951–63
chapter Chapter 16|14 pages
The Determinants of Corporate Saving in Small Private Companies, United Kingdom
part V|87 pages
Investment and the Rate of Return on Capital