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Market Growth, Structural Change, and the Gains from the Uruguay Round

✍ Scribed by Christian Friis Bach; Betina Dimaranan; Thomas W. Hertel; Will Martin

Book ID: 108534533
Publisher: John Wiley and Sons
Year: 2000
Tongue: English
Weight: 86 KB
Volume: 8
Category: Article
ISSN: 0965-7576
DOI: 10.1111/1467-9396.00222

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In line with theory suggested by Miller and Modigliani (1961), this paper finds generally positive and statistically significant effects of growth on the current market value of the firm over the 1974-90 period. This intuitive result is not surprising, but the lack of a simple link between the valua