The development of the factor distribution of income and profitability in West Germany, 1945-1973
A synthetic hypothesis is constructed to account for the pattern of manufacturing profitability. The explanatory role of labour shortage, growing openness, union bargaining power and exchange rate changes is confirmed. Set in the context of institutional and policy changes, these factors provide a m...
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University of Oxford
1987
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.381795 |
| Summary: | A synthetic hypothesis is constructed to account for the pattern of manufacturing profitability. The explanatory role of labour shortage, growing openness, union bargaining power and exchange rate changes is confirmed. Set in the context of institutional and policy changes, these factors provide a more satisfying description of the determinants of profitability than previous, frequently monocausal, explanations. |
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