ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Child Labour and Children s Schooling

of fixed assets to be the measure of profitability, she investigates the relationship between growth and profitability. She finds that profitability is insignificant in determining growth in the low-CR industries and positive and significant in high-CR industries. However, the explanatory power of the equation is low in both samples. "More importantly, the constant term is significant and quite large, implying that a large proportion of growth in these samples is systematically caused by factors common to all firms".

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