This paper examines takeover and divestiture activity at the industry level for the population of UK firms over the period 1986 to 2000. Consistent with US research, takeovers and divestitures in the UK cluster both across industries and over time. The paper further investigates whether broad economic shocks, industry-specific shocks (e.g., deregulation, foreign competition, technology) and mis...

Social Network Analysis (SNA) is a set of research procedures for identifying group of people who share common structures in systems based on the relations among actors. Grounded in graph and system theories, this approach has proven to be powerful measures for studying networks in various industries like Telecommunication, banking, physics and social world, including on the web. Since Telecomm...

Mature industries are characterised by static or declining sales, low average margins and intense competition between firms for market share. This paper develops a typology of strategic options for small firms in the furniture industry and examines the extent to which firms are adopting simple or complex strategies. Empirical analysis is based on data from 39 firms with between 10 and 100 emplo...

Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement When similar patterns of expansion and contraction are observed across sectors, we call this a business cycle. Yet explaining the similarity and synchronization of these cycles across industries remains a puzzle. Whereas output growth across industries is highly correlated, identifiable shocks, like shoc...

The purpose of the article is to assess involvement industries in global value chains and determine prospects for intensification these processes. research methods are statistical analysis, comparison, graphical analysis. role export volumes high value-added products, their enclosing determined. A methodical approach assessing proposed, allowing detect state country’s international distribution...

The share of Chinese manufacturing imports in U.S. consumption has increased eight-fold between 1993 and 2011, from 1 to over 8 percent. While the literature has documented the pro-competitive price effect of the rising Chinese import competition on U.S. industries, I provide new empirical evidence for a quantitatively larger, indirect effect: for the average manufacturing industry, the increas...

The purpose of this position paper is to discuss the authors’ reflections on the use of Assistive Technologies to support user’s autonomy to perform the necessary Activities of Daily Living (ADL). In special, we will address the use of Agent-based robotic services.

This paper develops the thesis that credit market frictions may be an important contributor to high unemployment in Europe. When a change in the technological regime necessitates the creation of new "rms, this can happen relatively rapidly in the U.S. where credit markets function e$ciently. In contrast, in Europe, job creation is constrained by credit market imperfections, so unemployment rise...

This paper investigates patterns of structural change and specialization of Western European Countries for the period 1970 to 2005. We therefore assign individual countries to clubs, i.e. groups of countries which share common features, and analyze the development of both the clubs and their individual countries over time. Our results also show that structural convergence in Western Europe is m...

In renewable resource industries, labor is commonly paid with a share of operating profit rather than with a per unit-of-effort wage. This paper shows that the sharing agreements interact with fluctuations in the natural capital stock to cause inefficient investment levels and skew industry rents toward labor. As a consequence, optimal regulatory policy for such industries must account for the ...