Lúkacs, Peter Zoltan (1996) Firm size, intra industry performance and the business cycle : empirical studies using UK panel data. PhD thesis, University of Warwick.

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Abstract

There has been considerable interest in time varying performance particularly that related to
business cycles in recent years. This topic has been a persistent focus from the end of the last
century, as evidenced by the quotes above, continuing through much of economics since the
1930's, when the peculiarities of pricing behaviour, particularly in the United States, during the
depression years were the driving force behind interest in the topic. Since then, there has been an
ongoing debate on the effects of the business cycle upon pricing and profitability. In recent years
this debate has intensified having been fuelled both by technical factors and politico-economic
developments. On a politico-economic level the ending of the "Golden Age" of capitalism, which
had been characterised by steady growth, low unemployment and relatively small cyclical
fluctuations, in the 1970's can be seen as a prime reason for a resurgence of interest in such
issues. On a technical level within the economics discipline two aspects have promoted increased
interest in this issue. Firstly there has been a mushrooming of theoretical approaches to the
question driven by the growing dominance of game theory in particular in trying to explain the
prevalence of collusion during the business cycle. At the same time, but we would argue not In
parallel, there has been an expansion of empirical testing of the question of time varying performance at a microeconomic level. This expansion can be largely attributed to the advent of
improved techniques and computing capability for dealing with panel data which facilitates the
examination of these issues. This thesis seeks to examine one aspect of this question, the relative
performance of large and small firms, a subject which has been largely overlooked within the
main body of the literature on time varying performance but which can add to, and point to,
useful insights for that literature.

Item Type:	Thesis or Dissertation (PhD)
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Library of Congress Subject Headings (LCSH):	Business cycles, Small business -- Great Britain, Manufacturing industries -- Great Britain
Official Date:	April 1996
Dates:	Date Event April 1996 Submitted
Institution:	University of Warwick
Theses Department:	Department of Economics
Thesis Type:	PhD
Publication Status:	Unpublished
Supervisor(s)/Advisor:	Cowling, Keith ; Waterson, Michael, 1950-
Extent:	vi, 228 leaves
Language:	eng

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