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  • Articles  (230)
  • Blackwell Publishing Ltd  (230)
  • American Institute of Physics (AIP)
  • American Physical Society (APS)
  • 2005-2009  (230)
  • Economics  (230)
  • Sociology  (19)
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  • Articles  (230)
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  • 1
    Electronic Resource
    Electronic Resource
    Reforming the training system in France (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The French system of continuing vocational training was set up in 1970 by an intersectoral collective agreement that was then followed by legislation. More than 30 years on, the economic and social context has changed and the system now faces new challenges. In 2001 and again in 2003 the social partners embarked upon new negotiations in a bid to redesign the system. Analysis of the negotiation process and of its outcomes  reveals  both  the  persistence  of  societal  characteristics  and  the  emergence  of significant innovations, particularly in the individualisation of training. This dual trend is explained by the characteristics of the actors involved as well as by the weakness of the state.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00360.x
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  • 2
    Electronic Resource
    Electronic Resource
    Book reviews (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Books reviewed: Decentralised Pay Setting: A Study of the Outcomes of Collective Bargaining Reforms in the Civil Service in Australia, Sweden and the UK 
K. A. Bender and R. F. Elliott 
Ashgate, 2003, xii + 160 pp., £50.00 A Very Late Development: An Autobiography 
Alan Fox 
British Universities Industrial Relations Association, 2nd and revised edition, 2004, 306 pp., £8.00 (paperback) Unions in the 21st Century: An International Perspective 
Anil Verma and Thomas A. Kochan (eds) 
Palgrave Macmillan, 2004, 296 pp., £50.00 The Management of Human Resources in the Asia Pacific Region: Convergence Reconsidered 
Chris Rowley and John Benson (eds)
Cass (Studies in Asia Pacific Business), 2004, 208 pp., £18.99
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00363.x
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  • 3
    Electronic Resource
    Electronic Resource
    Employment relations in small commercial businesses in China (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: There has been a growing interest in the way patterns of employment relations are changing in China. However, there remains insufficient understanding in employment relations in small private businesses. This study of small businesses in China explores major issues in employment relations in these firms. The finding shows that there are major differences between large and small businesses in China in their employment practices and that considerable similarities exist between small firms in China and those in other countries.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00343.x
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  • 4
    Electronic Resource
    Electronic Resource
    The union recognition dispute at McDonald's Moscow food-processing factory (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article reports on the union recognition dispute that took place at the McDonald's food-processing plant in Moscow. It examines this dispute in the context of McDonald's employment practices worldwide, the interventions made by international and local unions, and Russian government bodies. Despite these interventions it became impossible to either organise the workforce or establish a collective agreement. The case illustrates the difficulties facing both local unions and global union federations when confronted by intransigent multinational companies, especially in low-skilled sectors in transitional economies.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00361.x
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  • 5
    Electronic Resource
    Electronic Resource
    Barriers to cross-border trade union cooperation in Europe: the case of the graphical workers (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper is concerned with exploring the barriers to cross-border trade union cooperation among graphical workers in Europe. Highlighting the increasing globalisation of graphical multinationals, the paper illustrates that graphical unions cannot restrict their activities to developments within national boundaries. As such it highlights some of the obstacles that unions face in attempting to instigate transnational cooperation strategies. These obstacles include: the role of employers, the prevailing practices of the unions, employee reticence, the role of the law and resource constraints. It concludes by stressing the continuing need to strengthen cross-border trade union networks with the ability to impose effective sanctions against the unbridled growth of multinational power.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00344.x
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  • 6
    Electronic Resource
    Electronic Resource
    Book reviews (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Books reviewed:John T. Addison and Claus Schnabel (eds). International Handbook of Trade Unions
Reviewed by John KellyWalter Müller-Jentsch and Hansjörg Weitbrecht (eds). The Changing Contours of German Industrial Relations
Reviewed by Steve FrenchYonatan Reshef and Sandra Rastin. Unions in the Time of Revolution. Government Restructuring in Alberta and Ontario
Reviewed by Roy J. Adams
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00347.x
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  • 7
    Electronic Resource
    Electronic Resource
    The adaptation of hospitality and retail firms to the NMW: a focus on the impact of age-related clauses (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: A lower national minimum wage for 18- to 21-year-olds and the exclusion of all workers under 18 prompted fears of a distortion in the British labour market and an undermining of training initiatives. Empirical data collected from employers in two low paying sectors, revealing the full utilisation of young workers and under-utilisation of training initiatives, ensure these fears are not justified and that the government's basis for the lower rate cannot be substantiated.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00346.x
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  • 8
    Electronic Resource
    Electronic Resource
    Estimation of Transient Error in Cognitive Ability Scales (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In response to Schmidt, Le, and Ilies' (2003) call for further assessment of transient error variance in measures of key individual difference variables, the current study examines transient error estimates for eight speeded cognitive ability scales and a composite scale. One hundred twenty-three participants were tested on two occasions with a 1-week interval between administrations. Estimates of transient error ranged from a low of .01 to a high of .18, with an average value of .09. The coefficient of equivalence, based on the split-half method, resulted in overestimates of reliability by as little as 1.90% to as much as 25.96%, with an average 12.96%.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00328.x
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  • 9
    Electronic Resource
    Electronic Resource
    Exercising power in a prisoner's dilemma: transnational collective bargaining in an era of corporate globalisation? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The extraordinary growth in foreign direct investment coupled with the widespread declination of union penetration has increasingly allowed multinationals to pit unions across borders as competitors for investment and jobs. Based on a theoretical analysis of the exercise of power in a prisoner's dilemma game, the essential conditions and incentives for cooperation among unions across borders for the purpose of collective bargaining with multinationals are identified and practical, strategic-level implications for transnational interunion partnerships are addressed.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00359.x
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  • 10
    Electronic Resource
    Electronic Resource
    Post-socialist trade unions: China and Russia (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper identifies the constraints and opportunities facing trade unions in post-socialist societies through a comparison of the Russian and Chinese cases. The paper charts the changing role of trade unions in the integration of state-socialist economies into global capitalism and argues that this presents the trade unions with a dilemma: whether to reconstitute their traditional role through collaboration with management and the state apparatus, or whether to develop their ability to defend the rights and interests of workers. While the former offers the line of least resistance, there are progressive elements pushing for change in both trade union movements.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00342.x
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  • 11
    Electronic Resource
    Electronic Resource
    Selection Test Anxiety: Exploring Tension and Fear of Failure Across the Sexes in Simulated Selection Scenarios (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Standardized tests are commonly used to select individuals in both pre-employment and educational settings. Nevertheless, research has yet to sufficiently explore the relationship between test anxiety (TA) and test performance in selection contexts. The goal of this study was to assess the dimensionality of TA, the relations between TA and test performance, and the impact of gender on TA within the realm of personnel selection. Test anxiety was found to be bi-dimensional and negatively related to performance on a cognitively based selection instrument. Gender moderated the relation between TA and test performance, with stronger associations for males. This finding is consistent with the sex-linked anxiety coping theory that is advanced here. Implications of this study and avenues for future research are discussed.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00325.x
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  • 12
    Electronic Resource
    Electronic Resource
    Effects of Response Instructions on Faking a Situational Judgment Test (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: A situational judgment test (SJT) and a Big 5 personality test were administered to 203 participants under instructions to respond honestly and to fake good using a within-subjects design. Participants indicated both the best and worst response (i.e., Knowledge) and the most likely and least likely response (i.e., Behavioral Tendency) to each situation. Faking effect size for the SJT Behavioral Tendency response format was (d=.34) when participants responded first under honest instructions and (d=.15) when they responded first under faking instructions. Those for the Big 5 dimensions ranged from d=.26 to d=1.0. For the Knowledge response format results were inconsistent. Honest condition Knowledge SJT scores were more highly correlated with cognitive ability (r=.56) than were Behavioral Tendency SJT scores (r=.38). Implications for researchers and practitioners are discussed.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00322.x
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  • 13
    Electronic Resource
    Electronic Resource
    Personality Saturation in Structured Interviews (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Applied psychologists have long been interested in the relationship between applicant personality and employment interview ratings. Analysis of data from two studies, one using a situational interview and one using a behavioral interview, suggests that the correlations of structured interview ratings with self-report measures of personality factors are generally rather low. Further, a small meta-analysis integrates these two studies and the limited previous literature to arrive at a similar conclusion – there is relatively little relationship between structured interviews and self-reported personality factors.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00323.x
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  • 14
    Electronic Resource
    Electronic Resource
    Interdependence as a Moderator of the Relationship Between Competitiveness and Objective Sales Performance (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In this study, we investigated the moderating role of interdependence (a personality trait that measures the extent to which individuals desire working in a group-based, cooperative setting) on the relationship between competitiveness and one-year objective sales performance. On the basis of data from 133 sales representatives, results indicated that: (a) competitiveness was related to objective sales performance; and (b) interdependence moderated the relationship between competitiveness and objective sales performance such that competitiveness predicted objective sales performance more strongly for those who scored low in interdependence versus those who scored high in interdependence. Implications for sales selection and reward systems and directions for future research are considered.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00324.x
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  • 15
    Electronic Resource
    Electronic Resource
    Validity of Resumé Reviewers' Inferences Concerning Applicant Personality Based on Resumé Evaluation (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Recruiters infer personal traits from job applicants' resumés and use these inferences in evaluating job applicants' employability. No research to date, however, has determined if resumé reviewers' inferences of applicants' personality drawn solely from resumé biographical data are valid. In the present study, resumé reviewers (N=52) examined one of two applicant resumés and then described the applicant's personality based on the Big 5 taxonomy. Validities of reviewers' inferences concerning applicant personality were assessed by correlating resumé reviewers' judgments with applicants' self-reported Big 5 personality scores. Results suggested that valid personality inferences are possible based solely on resumé evaluation. We also found evidence suggesting that attending a brief training session may enhance reviewers' accuracy when inferring applicants' personality from resumé information.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00329.x
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  • 16
    Electronic Resource
    Electronic Resource
    Forming Composites of Cognitive Ability and Alternative Measures to Predict Job Performance and Reduce Adverse Impact: Corrected Estimates and Realistic Expectations (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Although there has been empirical attention paid to the criterion-related validity of predictor composites, there has been much less attention paid to the standardized ethnic group differences associated with these composites. One important area of inquiry in predictor composite research is the influence of adding predictors to a test of general mental ability. The limited empirical literature on this practice is mixed, but the prevailing expectation is that there is likely to be higher validity and less adverse impact. Unfortunately, much of the previous work is limited by the presence of inaccurate validity and standardized ethnic group difference values. In this analysis we formed meta-analytic matrices to more accurately estimate the validity and standardized ethnic group differences of several composites that combine a measure of cognitive ability with measures of conscientiousness, a structured interview, or biodata. While results were somewhat complex, we found that adding alternative predictors does not result in a situation in which validity automatically goes up and adverse impact potential automatically goes down. In fact, the reductions in adverse impact (if any) from adding “non-cognitive” predictors were more modest than much of the literature suggests.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00327.x
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  • 17
    Electronic Resource
    Electronic Resource
    The Role of Recruiting Source Informativeness and Organizational Perceptions in Decisions to Apply (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Although recruitment researchers often discuss influences on decisions to apply for jobs, few studies assess actual application behavior. This study of individuals who expressed an interest in a firefighter job revealed that applying was related to recruiting source informativeness and organizational familiarity. Source informativeness was not related to self-selection out of the process after application or performance on the selection process, but was related to perceptions of familiarity and to applicant demographics. Implications for recruitment are discussed.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00321.x
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  • 18
    Electronic Resource
    Electronic Resource
    Gender balancing in Europe (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00362.x
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  • 19
    Electronic Resource
    Electronic Resource
    Partnership working and the cultivated activist (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Industrial relations journal 36 (2005), S. 0 
    Details
    ISSN: 1468-2338
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Critics and advocates of union–management partnership agreements offer competing assessments of the potential outcomes for workplace union representation. These include the attenuation of the role of lay activists and intra-union conflict. In this case study of Amicus-MSF at Legal & General partnership involved centralised decision making, membership loss and activist-leadership tensions, but these were temporary. With employer support the local union leadership ‘cultivated’ a cadre of pro-partnership activists with extended reach into management decision making, increasing membership and strengthening workplace organisation.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2338.2005.00345.x
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  • 20
    Electronic Resource
    Electronic Resource
    Criteria Used by a Peer Review Committee for Selection of Research Fellows (2005)
    Oxford, UK : Blackwell Publishing Ltd
    International journal of selection and assessment 13 (2005), S. 0 
    Details
    ISSN: 1468-2389
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: An international foundation for the promotion of basic research in biomedicine, the Boehringer Ingelheim Fonds (B.I.F.), reports that fellowships are awarded to post-graduate researchers according to the following main criteria: (1) scientific quality as demonstrated by the applicant's achievements to date, (2) the originality of the proposed research project, and (3) the scientific standing of the laboratory where the research will be conducted. Using the Boolean probit statistical technique, this study examines the multiple conjunctural causation that a fellowship will be awarded only if all three of these criteria are assessed positively by the B.I.F. peer review committee. In agreement with the prescriptive principles of the foundation the results suggest that the B.I.F. approves applications only if all of the three criteria are rated positively.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-2389.2005.00326.x
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  • 21
    Electronic Resource
    Electronic Resource
    PLANNING THROUGH EXCLUSIVE DIALOGUE: BASIC LESSONS WE CAN LEARN FROM THE PRIVATE ESTATE (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Empirical evidence suggests that private estates where land is managed as a multi-tenant property by a single private company with a continuing interest in the value of that property tend to be better run than estates that are subdivided into multiple parcels of separately managed land with the commons managed via some form of political decision-making. Public policy, particularly in the UK, has hindered the growth of successful multi-tenant private estates.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00588.x
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  • 22
    Electronic Resource
    Electronic Resource
    PUBLIC SERVICE BROADCASTING IN THE DIGITAL AGE (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: A number of reviews of the BBC and public service broadcasting have been conducted recently. The issues of public service broadcasting, the licence fee and the governance of the BBC are all interlinked. Contestability of funding for public service broadcasting is desirable. Funding of public service broadcasting should be overseen by a body that is independent of the BBC. The funding should come from a progressively reduced licence fee as the BBC moves to a subscription service.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00594.x
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  • 23
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    LOWER TAX NOT FLAT TAX IS THE ANSWER (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00598.x
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  • 24
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    THE COLLECTED WORKS OF ARTHUR SELDON (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article discusses the achievements of Arthur Seldon as Editorial Director of the IEA in the context of the recently published Collected Works of Arthur Seldon.
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    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00597.x
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  • 25
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    CLIMATE CHANGE AND INSECTICIDE IN THE NIGER FAMINE (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00601.x
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  • 26
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    THE ROAD TO PROSPERITY (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00603i.x
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  • 27
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    LESSONS FROM AMERICA (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The author points to the contrasting performance of the labour markets of Europe and the United States. He attributes the superior performance of the US to greater labour market flexibility and identifies the areas of unemployment insurance, employment protection and active labour market policies as especially significant. A key element in helping generate better policies is experimentation and decentralisation of decision-making, something favoured by the distinction between federal and state responsibilities in the US.
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    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00562.x
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  • 28
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    THE PRECAUTIONARY PRINCIPLE: A HIGH-RISK PRINCIPLE (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The precautionary principle - recently added to the French constitution and part of the draft Constitution of the European Union - aims to protect the public from the risks associated with scientific and technological advance by allowing governments to ban any activity deemed to involve risks, even if those risks are unproven. In reality, the precautionary principle itself poses enormous risks of losing the advantages of projects that are banned, of preventing the development of the means by which risk may be ameliorated and of threatening the private property rights that provide the most effective environmental safeguard.
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    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00566.x
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  • 29
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    THE SOCIO-ECONOMIC BENEFITS OF MARRIAGE: A REVIEW OF RECENT EVIDENCE FROM THE UNITED STATES (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In this essay I summarise recent evidence demonstrating that marriage is an institution of great social significance, one that offers economic and health benefits to married adults and similar benefits to their children. Many of these benefits can plausibly be ascribed to the changes in behaviour that ensue when men and women commit to one another in marriage.
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    THE RISE AND FALL OF THE FIRST GLOBALISATION (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article argues that the first globalisation from the late 1840s to the First World War offers important lessons for the present era of globalisation. It is argued that the social and economic change created by the first globalisation led to increased protectionism and nationalism in France and Germany rather than the free-trade utopia envisaged by many liberal optimists. Contemporary optimists should be aware that globalisation and liberalisation are not inevitable processes; more and freer trade may induce a similar negative response from the short-term losers and those who fear a more dynamic and less predictable world.
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    ZIMBABWE'S LESSON: PROPERTY RIGHTS ARE THE KEY TO GROWTH (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    FOSTERING SUSTAINABLE COMPLEXITY IN THE MICROFINANCE INDUSTRY: WHICH WAY FORWARD? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The microfinance movement has gained tremendous popularity over the past 30 years, but it is still far from meeting its full potential. The industry stands at a crossroads between increased commercialisation and increased philanthropic aid. Standard economic discourse does little to resolve the debate. F. A. Hayek's concept of the‘extended order’ sheds new light on how we might understand the future development of microfinance.
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    ROTARIANS AGAINST MALARIA: PHILANTHROPIC ENTERPRISE IN ACTION (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Action by voluntary agencies to eradicate preventable diseases in Africa demonstrates how entrepreneurship can be combined with philanthropy to achieve results that are far more effective than traditional methods of distributing help through bureaucratic mechanisms.
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    LICENCE VALUES IN TAXI MARKETS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Wherever taxi regulators cap the number of taxis, operating licences acquire economic value. In the UK, the Office of Fair Trading recommended legislative repeal of quantity caps, but the status quo continues. This article argues that licence values send an important signal to taxi regulators.
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    CLIMATE GLACIER POLITICS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    THE UBIQUITY OF SELF-INTEREST AND THE DEMOCRATIC FAIRY TALE (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    THE ECONOMIC CASE FOR IMMIGRATION (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Immigration into the UK has increased in response to high labour demand in the recent past. This additional supply of labour has helped keep interest rates lower, and growth higher, than they might have been otherwise. The longer-term impact of higher immigration may be an increase in trend productivity growth. Although the evidence on such long-term economic effects is incomplete, there is no reason to believe market principles - or fundamental freedoms - are any less relevant when it comes to flows of people rather than goods or capital.
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    OPTIMAL PRICING: THE ROUTE TO A SELF-FUNDING INFRASTRUCTURE - AND MORE (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Optimal pricing delivers not only a self-funding infrastructure but also the additional revenues to reduce economically damaging taxes on capital, labour and final consumption. For the transport sector, this result has now been established by a concerted international research effort. Optimising prices across all modes of transport will ensure the efficient use of existing infrastructure, provide the informational base to optimise investment decisions and generate revenues in excess of both current infrastructure costs and the costs of justified investments.
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    EQUAL TREATMENT DIRECTIVE MISUNDERSTANDS RISK AND THREATENS INSURANCE MARKETS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The Equal Treatment Directive, which will come into force on 21 December 2007, aims to outlaw‘discrimination’ between men and women in the calculation of insurance premiums, is founded upon a fallacious understanding of the nature of actuarial calculations and the morality of‘discriminatory’ calculations where state provision of insurance has traditionally been ‘non-discriminatory’. The Equal Treatment Directive will have perverse consequences contrary to the aims of its creators - benefiting the better-off at the expense of the poor and, in some circumstances, men at the expense of women - and will also threaten the private provision of pensions and healthcare essential to solving the looming pensions and healthcare funding crisis among EU member states.
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    EDITORIAL: DIVERSIFYING THE INSTITUTIONS OF LOCAL PLANNING (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    PLANNING BY CONTRACT: THE LEASEHOLD FOUNDATION OF A COMPREHENSIVELY PLANNED CAPITALIST LAND MARKET (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Hong Kong has used a system of planning by consent that predates planning by edict. By selling long leases on a contractual basis, the government has an incentive to provide the contractual terms, obligations and rights to the leaseholder that maximise the value of the land. This system has been effective in generating fiscal revenue and producing good planning outcomes in a resource-poor economy.
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    PLANNING THROUGH THE EXCHANGE OF RIGHTS UNDER PERFORMANCE ZONING (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article sets out an approach to land-use planning involving the exchange of rights under performance zoning - the setting of performance standards in land use such as the protection of property owners from adverse impacts resulting from the use of nearby land. Performance zoning offers high levels of flexibility to landowners to pursue different uses of their property within the limits of agreed standards and reduces the role of bureaucratic and political processes in the implementation of planning regulations.
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    TOWARDS A MORE NEUTRAL MONETARY POLICY: PROPOSAL OF A NOMINAL INCOME RULE (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Most central banks follow either an implicit or explicit inflation target. Many leading economists promote an active role for central banks in pursuit of that target. In this article it is shown how that strategy does not necessarily lead to a neutral monetary policy and, therefore, to the smooth working of markets in the long run. Accordingly, it proposes a nominal income rule that removes monetary disturbances from the economy.
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    KENYA'S FORGOTTEN INDEPENDENT SCHOOL MOVEMENT (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    CHANGING THE GUARD: PRIVATE PRISONS AND THE CONTROL OF CRIME (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
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    EDITORIAL: THE ECONOMICS OF EMPLOYMENT REGULATION (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    REGULATION OF CHILD LABOUR (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The authors discuss the reasons for the employment of children in developing economies and analyse the appropriateness of regulation in this controversial area. The political economy of enforcement of child labour legislation is also examined. In most cases, they argue, domestic policies to address the underlying causes of child labour are better suited to improve children's lot than regulations; in particular, trade sanctions may be counterproductive
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    THE 2005 GENERAL ELECTION AND THE ‘NULL MP’: A NEW APPROACH TO EL ECTORAL REFORM (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: At the 2005 General Election the Labour Party won an overall majority of Parliamentary seats but won the votes of less than a quarter of the electorate. Such an outcome may raise concerns about the democratic legitimacy of the government. The introduction of the Null MP electoral system would solve this ‘legitimation crisis’: every abstention would be counted as a vote for a Null candidate, who, if elected in the usual first-past-the-post way, would be assumed to vote against all legislation introduced by the government. Very different outcomes would have resulted had this electoral system been in place at the last two General Elections.
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    THE ECONOMICS OF FIRE PROTECTION: FROM THE GREAT FIRE OF LONDON TO RURAL/METRO (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article examines the history of fire protection in London from the Great Fire of 1666 to the present and argues that many of the popular perceptions of market failure in the provision of fire protection that are repeated in standard economics textbooks are in fact myths. In reality, fire protection began in the private sector and only transferred to the public sector when insurance companies faced the prospect of collecting escalating premiums from their clients. To this day, voluntary and private provision in parts of the USA is a model of how fire protection can be provided more cheaply and more effectively outside the public sector.
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    DEVOLUTION OR RENT-SEEKING? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Topics: Economics
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    PHILANTHROPY AND ENTERPRISE IN THE BRITISH CREDIT UNION MOVEMENT (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Through the 1990s hundreds of credit unions were established to serve indebted communities throughout Britain. These volunteer-run financial co-operatives did not meet growth expectations because of restrictive legislation, inadequate development models and well-intentioned but unproductive state intervention. British credit unions are more successful when they develop as market-oriented social enterprises able to build effective partnerships with banks, government and the private sector to serve low-income communities.
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    INTERNATIONAL TRADE AND GLOBAL STABILITY (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Trade liberalisation has played a critical role in advancing peace and prosperity. Differences on agriculture have been the major impediment to a future multilateral trade round. The recent agreement on agriculture at the WTO meetings in Geneva may signal a breakthrough in that sector. This article analyses the benefits of recent trade agreements and examines the prospects for future ones. It also presents an alternative framework for advancing trade, the Global Free Trade Association.
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    MONEY GROWTH CAUSES INFLATION - DO WE HAVE TO LEARN THE LESSON AGAIN? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ADAM SMITH ON EDUCATION (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    FREEDOM REDUCES PER CAPITA GREENHOUSE GAS EMISSIONS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    WHITE MISCHIEF WITH EDUCATION IN KENYA (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    THE FISCAL CHALLENGE OF COMPETITIVE MARKETS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Competition maximises consumer satisfaction but creates a financial problem for enterprises. When prices are competed down to just cover marginal costs, part of the value added by the enterprise is externalised. Government has not been efficient at recycling that value back into the economy, which is why infrastructure is severely underfunded.
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    Book reviews (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Book reviews in this article:AGAINST LEVIATHAN: GOVERNMENT POWER AND A FREE SOCIETY Robert HiggsTHE BUSINESS OF VIRTUE Clive WrightHUMAN WELL-BEING AND THE NATURAL ENVIRONMENT Partha DasguptaTHE BUSINESS OF VIRTUE Clive WrightTHE WOMAN AND THE DYNAMO: ISABEL PATERSON AND THE IDEA OF AMERICA Stephen CoxA CRITICAL ANALYSIS OF THE CONTRIBUTIONS OF NOTABLE BLACK ECONOMISTS Kojo A. QuarteyBLAIR Anthony Seldon
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    Short-term Consequences of Trade Reform for Industry Employment and Wages: Survey of Evidence from Colombia (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: Recent research has focused on the short- to medium-term implications of trade reforms for the labour market outcomes and poverty in poor economies. This article summarises the evidence on the short-term consequences of the Colombian trade reform initiated in 1985 for industry employment and industry wages. Although the reform reduced manufacturing tariffs on average by 40 percentage points from 1984 to 1994, tariff declines were not significantly associated with labour reallocation across sectors. The reform, however, was associated with bigger declines in relative industry wages in sectors that experienced bigger tariff cuts. This evidence is in line with the predictions of short- to medium-run models of trade in which labour is not mobile across sectors. It is also consistent with the predictions of models where imperfectly competitive industries share rents with workers and trade reduces the firms’ profit margins and thus workers’ rents.
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    Who Supports Free Trade in Latin America? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper examines individual trade policy preferences across 17 countries in Latin America. The focus is on whether skilled or unskilled workers are more likely to support liberalised trade and on whether country characteristics, such as factor endowments, alter the preferences of skilled and unskilled workers. Based on the standard Heckscher-Ohlin model and the Stolper-Samuelson theorem, wage inequality in developing countries will decrease under free trade and unskilled workers will benefit. We find that on average skilled workers are more likely than unskilled workers to support free trade in Latin American countries. Separate country regressions reveal that this pattern is only statistically significant in 8 out of 17 Latin American countries. However, there are no countries in our sample in which unskilled workers are statistically more likely to support free trade than skilled workers, not even in the lowest skill-endowed country in the sample. We also find that people from Latin American countries with higher GDP, faster growth, more cropland and a longer period of time since reform were more likely on average to support free trade.
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    Financial Liberalisations in Latin America in the 1990s: A Reassessment (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper studies the experience of Latin America (LATAM) with financial liberalisation in the 1990s. The rush towards financial liberalisations in the early 1990s was associated with expectations that external financing would alleviate the scarcity of saving in LATAM, thereby increasing investment and growth. Yet, the data and several case studies suggest that the gains from external financing are overrated. The bottleneck inhibiting economic growth is less the scarcity of saving, and more the scarcity of good governance. A possible interpretation for these findings is that in countries where private savings and investments were taxed in an arbitrary and unpredictable way, the credibility of a new regime could not be assumed or imposed. Instead, credibility must be acquired as an outcome of a learning process. Consequently, increasing the saving and investment rates tends to be a time-consuming process. This also suggests that greater political instability and polarisation would induce consumers to be more cautious in increasing their saving and investment rates following a reform. Hence, reaching a sustained take-off in Latin America is a harder task to accomplish than in Asia.
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    One Market, One Money: Evidence from Canada–United States Economic Integration (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: In this paper, we focus on the evolution of the optimum currency area (OCA) properties between Canada and the United States. To this end, we specifically investigate the relationship between the intra-industry trade dynamics of Canadian provinces with the United States and the increasing level of integration between the two countries from 1980 to 1998. Our findings lead us to support the view that integration (real and monetary) improves the conditions under which a monetary union can yield net gains in the long run for the integrating countries. We also find that exchange rate developments exert asymmetric effects on the Canadian provinces.
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    Why So Small? Explaining the Size of Firms in Latin America (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: On average, Latin American firms are small with respect to world patterns, both in terms of the quantity of assets they control and the amount of employment they generate. We examine data on firm size from developed and developing countries around the world to assess the influence of demand, supply and institutional factors on the size of the largest firms in each country. We find that, besides the size of the economy and the level of income per capita, the key determinants of the size of firms are trade openness, stock market capitalisation and physical infrastructure. Our simulations suggest that if the gaps with respect to the best Latin American performer were closed in each of these three areas, firm size in the countries of the region would – on average – reach world patterns.
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    Anti-competitive Practices and Liberalising Markets in Latin America and the Caribbean (2005)
    Oxford, UK : Blackwell Publishing Ltd
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: The last ten years have seen many Latin American and Caribbean nations enact or reform competition laws, and numerous other jurisdictions are considering following suit. The evidential base to guide such policymaking is, however, limited. In this paper we have assembled two databases, one concerning allegations of anti-competitive acts in newspaper articles and another concerning the relationship between competition-related factors and the effects of reforms to liberalise markets, that may go some way to remedying this deficiency. In so doing, we have noticed a number of matters that producers and consumers of research in this area should probably bear in mind.
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    The Global Distribution of Trademarks: Some Stylised Facts (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper provides the first empirical analysis of the global distribution of trademarks. It is based on a new dataset compiled by the authors from the statistical information published by the World Intellectual Property Organisation (WIPO). The questions analysed include the distribution of trademarks among countries of different income levels, the share of trademark registrations accounted for by foreign residents and its variation across different income groups, the extent to which poor countries participate in the international trademark system, and the distribution of registrations across different sectors of the economy. The evidence presented in this paper is relevant for assessing possible welfare implications of changes in intellectual property protection and evaluating the role of reputational assets in determining international trading patterns.
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    Currency and Financial Crises in Turkey 2000 –2001: Bad Fundamentals or Bad Luck? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper attempts to explore the underlying causes of twin crises experienced by Turkey in November 2000 and February 2001. We study an extensive set of leading indicators of crises that are drawn from the existing literature. Our results identify three sets of vulnerabilities in the Turkish economy in triggering the financial crisis and bringing about the collapse of the Turkish lira. These are: first, the weak external position caused by excessive debt burden combined with the loss of competitiveness; second, the weak fiscal position resulting from the record levels of interest payments on domestic borrowing; and most importantly, third, weaknesses in the financial and banking sector. Given these observations, we argue that the success of financial sector reform is instrumental not only for putting the economy on a sustainable recovery path but also for reducing the likelihood of similar crises in the future. The general lesson to be drawn from this experience is that a sound financial system is a pre-condition for the successful operation of a fixed exchange rate regime.
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    Exports, Foreign Direct Investment and Employment: The Case of China (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper analyses the growth of production and employment in China during the period 1978 to the early 1990s. It argues that the Chinese experience with export-led growth provides an excellent case study of the phenomenon of a vent for surplus resources provided by exports, identified by Adam Smith in the Wealth of Nations and elaborated by Hla Myint. The paper extends the Smith-Myint model of ‘vent-for-surplus’ productive capacity to ‘vent-for-surplus’ resources by allowing for foreign investment flows. The ‘vent-for-surplus’ effect of exports on employment and growth is examined in a dynamic labour demand framework for a panel of township and village enterprises (TVEs) in China.
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    Book Reviews (2005)
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: Books reviewed:PETER NOLAN, China at the Crossroads.HUBERT STRAUSS, Demand and Supply of Aggregate Exports of Goods and Services: Multivariate Cointegration Analyses for the United States, Canada, and Germany.HORST SIEBERT (ed.), Macroeconomic Policies in the World Eco-nomy.JAMES R. MARKUSEN, Multinational Firms and the Theory of Inter-national Trade.
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    Can Japan Make a Comeback? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    ISSN: 1467-9701
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: Since the beginning of the 1990s Japan has experienced economic stagnation. The economy had been allowed to overheat in the 1980s and a bubble had been built up. When this burst, there was massive asset-deflation, which led to a banking crisis. The bad debts were not faced up to effectively. Japanese banks could not achieve high enough margins to recapitalise themselves, and the government was for a long time reluctant to intervene effectively. The shock made economic agents more pessimistic, which led to an imbalance between savings and investment-demand. Excess savings were placed abroad and used to finance a domestic fiscal deficit, but this was not enough to close the gap and sustain growth. To be able to run a large current account surplus the yen needed to depreciate, but this was not achieved due to expectations about a future appreciation. The strategy to get out of the liquidity trap would include credible inflation targeting and yen depreciation. Monetary policy should have an inflation target well above zero per cent. Such macroeconomic measures need to be complemented by structural reforms such as deregulation of financial services, competition policy and reallocation of public investments. The Japanese development model with close connections between firms and banks needs to be reformed. Japan should be able to achieve stable growth again, but since the catch-up phase is over one would not expect growth in Japan to be higher than in other developed countries, even if Japan undertakes the needed reforms.
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    The Balassa-Samuelson Hypothesis in Estonia: Oil Shale, Tradable Goods, Regulated Prices and Other Culprits (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: This paper analyses the Balassa-Samuelson (B-S) framework for the case of Estonia using a unique dataset that consists of a 15-sectoral breakdown of GDP and a five-digit level CPI disaggregation with 260 items over the period from 1993 to 2002. Unlike the existing literature, the paper focuses on the following four aspects of the phenomenon: (a) data disaggregation, (b) definition of goods tradability, (c) price regulatedness in services and (d) possible heterogeneity across transition countries. It turns out that the first three aspects do matter and, in addition to this, Estonia appears to bear very specific characteristics when compared with other transition countries. A battery of cointegration techniques (DOLS, ARDL, Johansen) shows that productivity is strongly related to relative prices only when regulated prices are controlled for appropriately in the consumer price index and when country-specific classification is applied to the open and closed sectors. The B-S effect contributed to CPI by 1 to 1.5 per cent at the outset of the period and by 0.4 to 0.6 per cent in 2002, whereas its potential long-run impact is estimated to be 1 to 1.2 per cent. Although real appreciation due to the B-S effect seems higher in the early 1990s, it explains that better real appreciation occurred in recent years.
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    Books Received (2005)
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    The @world economy 28 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
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    The Chiang Mai Initiative and Beyond (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: More than three years have passed since the inception of the Chiang Mai Initiative (CMI) in May 2000. Although much progress has been made, the present structure of the CMI is still incomplete. The purpose of this paper is to provide a view on the current process and future prospects for regional financial and monetary cooperation in East Asia. Looking forward, the most realistic scenario is that the countries participating in the CMI will muddle through, continuously discussing modalities of policy dialogue, the types of the surveillance system the CMI needs, and also augmentation of swap amounts without making any substantial progress.
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    AGOA and Apparel: Who Captures the Tariff Rent in the Presence of Preferential Market Access? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: The United States grants preferential (tariff- and quota-free) market access to a list of products from eligible countries in sub-Saharan Africa through the African Growth and Opportunity Act (AGOA). We analyse the increase in prices received by apparel exporters who benefited from AGOA preferences. In the presence of competitive markets, export prices should increase as much as the tariff which was previously collected by the US government. We refer to this price increase as the ‘tariff preference rent’ since exporters receive this income as the rent for their preferential status. The results show that exporters receive only one-third of this rent and smaller exporters receive less than larger and established ones. We then provide evidence that suggests this may be due to the degree of market power enjoyed by US importers when facing African exporters.
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    Free Trade Areas in East Asia: Discriminatory or Non-discriminatory? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    The @world economy 28 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Law , Economics
    Notes: The debates on regional trade arrangements in East Asia focus on whether the RTAs can be net trade creating or diverting, and whether they impede multilateral trade liberalisation or not. This paper attempts to answer these questions by quantitatively estimating the economic impact of possible East Asian free trade areas based on a bilateral gravity model, and evaluating the main characteristics of the proposed FTAs. We find that the trade creation effect expected from the proposed East Asian FTAs such as a China-Japan-Korea or an ASEAN plus three (China, Japan, Korea) FTA will be significant enough to overwhelm the trade diversion effect. We also judge that East Asian FTAs will likely be a building block for a global free trade.
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    PLANNING THROUGH RESIDENTIAL CLUBS: HOMEOWNERS’ ASSOCIATIONS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Private homeowners’ associations now govern over 18% of the American population, enforcing contractual land-use restrictions and providing what would otherwise be municipal services. The rapid spread of these associations in new housing construction is explained by rising land costs, constraints on the ability of local governments to raise property taxes, and consumer preferences. Because these associations resemble club economies in significant respects, they provide an opportunity to test whether these private associations can provide services more efficiently than municipalities. Departures from the assumptions of the club economy model are noted, including the lack of options for consumer choice that undermine the consent-based rationale.
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    THE PUBLIC ASSIGNMENT OF DEVELOPMENT RIGHTS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Different planning systems allocate property rights differently between the state and private property owners. This article argues that the appropriate allocation of property rights between the state and private owners can only be discovered by a process of experimentation. The experience of the UK suggests that such a process can take time and may be hindered by the controlling tendencies of central government.
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    HAYEK AND MARKET SOCIALISM: SCIENCE, IDEOLOGY AND PUBLIC POLICY (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: F. A. Hayek's significant intellectual contribution to a number of scholarly disciplines was grounded in his critique of socialist economics. This article sets out how Hayek's critique of classical and market socialism led to the development of his wide-ranging research programme in the social sciences and shows that the implications of this research programme remain crucial to academic research and public policy in the twenty-first century.
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    AUTHORITY: A MONOPOLY RUNNING AMOK IN BUSINESS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article show why Authority - in the form of the Competition Commission - produces harmful consequences when it seeks to impose idealised notions of competition on real-world markets. The recent anti-trust measures taken against Microsoft are a classic example of such regulatory failure. Paradoxically, monopolistic behaviour is characteristic of the provision of services by the public sector but draws no response from those authorities charged with curbing monopoly power.
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    WOULD WE PAY FOR WHAT WE VOTE FOR? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    WHY GERMAN LABOUR MARKET REFORM HAS BEGUN (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The current German government, against the odds, has managed to introduce a number of labour market reforms previously seen as impossible. The reforms are briefly outlined, and the author, drawing on a number of theoretical approaches, suggests a number of reasons why these reforms have happened when they did.
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    FREE TRADE, NEW CENTURY (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Book reviews (2005)
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Book reviews in this article:IN RAISE OF EMPIRES: GLOBALIZATION AND ORDER Deepak LalKNUT WICKSELL ON POVERTY Mats LundahlBANANAS AND BUSINESS: THE UNITED FRUIT COMPANY IN COLOMBIA, 1899–2000 Marcelo BucheliADAM SMITH'S LOST LEGACY Gavin KennedyCHANGING THE GUARD: PRIVATE PRISONS AND THE CONTROL OF CRIME Alexander Tabarrok (ed.)BOOM BUST: HOUSE PRICES, BANKING AND THE DEPRESSION OF 2010 Fred HarrisonAGAINST THE FLOW Samuel BrittanTHE ROAD TO PROSPERITY Marc A. Miles (ed.)
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    LABOUR MARKET REGULATION: SOME COMPARATIVE LESSONS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Labour market regulation that undermines freedom of contract leads to fewer, higher productivity jobs with employment being across a narrower range of ages. More people are excluded from the labour market, in highly regulated countries and they remain unemployed for longer. This seems to be damaging to welfare. It is possible that the extent of regulation is explained by the relative ability of those who gain from regulation (those in work) to influence the outcome of political processes to a greater extent than those who lose (the unemployed). However, the legal framework and legal traditions may also play a part.
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    THE PACKAGE DEAL AND MICROSOFT (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Recent legal action by the US and EU governments against Microsoft for alleged anti-competitive practices neglects the fact that what the software company has done in packaging together its different products is standard practice in many areas of commercial and even personal life. Retailers, journal editors and even individuals seeking life partners offer package deals in which their most valuable products or attributes are packaged with their least valuable on a take-it-or-leave-it basis.
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    CAN GLOBALISATION DEPRESS LIVING STANDARDS IN THE WEST? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article argues that unguarded optimism among liberal economists in the West as to the social and economic consequences of globalisation is misguided. Increased and freer international trade may depress living standards in the West as firms move production to those countries where factors of production (including labour) are cheaper and immigrants from poorer countries depress wages in wealthier nations.
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    AID, DEVELOPMENT, GLOBAL GOVERNANCE: NEW INITIATIVES AND REHASHED IDEAS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Topics: Economics
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    IS THE STABILITY AND GROWTH PACT DEAD? (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
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    Book reviews (2005)
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    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Book reviews in this article:THE COMPANY OF STRANGERS: A NATURAL HISTORY OF ECONOMIC LIFE Paul SeabrightTHE RIGHT NATION: CONSERVATIVE POWER IN AMERICA John Mlcklethwalt and Adrlan WooldrldgeTHE SPLIT CAPITAL INVESTMENT TRUST CRISIS Andrew Adams (ed.)LIBERTY FOR LATIN AMERICA: HOW TO UNDO FIVE HUNDRED YEARS OF STATE OPPRESSION Alvaro Vargos LlosaUNDERSTANDING ANTI-AMERICANISM: ITS ORIGINS AND IMPACT AT HOME AND ABROAD Paul Hollander (ed.)THE RISE OF THE MARKET: CRITICAL ESSAYS ON THE POLITICAL ECONOMY OF NEO-LIBERALISM Philip Arestis and Malcolm Sawyer (eds.)JAPAN'S QUIET TRANSFORMATION: SOCIAL CHANGE AND CIVIL SOCIETY IN THE TWENTY-FIRST CENTURY Jeff KingstonSTATE OF FEAR Michael CrichtonA FAIR GLOBALISATION: CREATING OPPORTUNITIES FOR ALL
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    IS THERE A CONFLICT BETWEEN COMMERCIAL GAIN AND CONCERN FOR THE POOR? EVIDENCE FROM PRIVATE SCHOOLS FOR THE POOR IN INDIA AND NIGERIA (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: In many developing countries, private unaided schools are serving the poor in large numbers. Some commentators view their presence as undesirable - in particular assuming that there is a conflict between‘commercial gain’ and ‘concern for the poor’. We show one way in which there is no conflict - the private unaided schools offer free or concessionary places to the poorest of the poor. Using data from a random sample of schools in Hyderabad, India, and a smaller sample in Makoko, Nigeria, we show that such places range from 10–20% of all places offered.
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    PLANNING THROUGH INCLUSIVE DIALOGUE: NO ESCAPE FROM SOCIAL CHOICE DILEMMAS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The thrust of the theory of preference aggregation is that it is impossible to design institutions guaranteeing collective decisions that are both consistent and fair. Proponents of deliberative democracy have used this as an argument for decision-making based on dialogue rather than voting. Communicative public planning - producing plans through public participation exercises - is seen as an integral part of deliberative democracy. It is argued here, however, that the inclusive dialogue of this style of planning cannot promise escape from arbitrariness and does not necessarily deliver improved local decision-making.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00587.x
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    AGAINST THE FLOW (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
    Details
    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00603h.x
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    BOOM BUST: HOUSE PRICES, BANKING AND THE DEPRESSION OF 2010 (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
    Details
    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00603g.x
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    MORALITY, ECONOMICS AND THE MARKET IN THE THOUGHT OF BENEDICT XVI (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
    Details
    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: While not uncritical of aspects of modern capitalism, John Paul II's 1991 social encyclical, Centesimus Annus, directed official Catholic teaching towards more explicit affirmation of the moral potential of free markets, exchange and enterprise. Analysis of the pre-pontifical writings of Pope John Paul's successor, Benedict XVI, suggests that an equally nuanced approach to economics and the market from the most authoritative Catholic teaching authority is likely to continue.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00572.x
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    IMPLEMENTING PRIVATISATON : SOCIAL CHANGE AS A DISCOVERY PROCESS (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Philanthropists and social change practitioners have successfully advanced privatisation worldwide over the last three decades. Social change can be thought of as a discovery process in which measures of effectiveness are an invaluable tool for creating transparency and accountability for results. These processes organise knowledge and lead to the invention of better ways of doing things. Examining privatisation as a case study opens a broader consideration of the philanthropic enterprise, including barriers to change, diffusion of innovation, and the use of products to lead change. An examination of the processes which led to privatisation also shows how entrepreneurial philanthropy has promoted privatisation.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00547.x
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    FREEDOM AND ITS ENEMIES: PROBLEMS OF RE-ESTABLISHING FREEDOM AND DEMOCRACY IN THE EUROPEAN CONTEXT (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
    Details
    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The experience of living in non-free communist societies may have made the people of Eastern Europe particularly sensitive to the weakening and ultimately the loss of freedom. Many see such a process currently taking place in a Europe that increasingly places group rights and entitlements above the rights of individuals. Such a process has been driven by a growing belief in the inevitability of market failure, a desire to use the state for personal gain and a fear of openness, freedom and competition.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00551.x
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    POVERTY, INSTITUTIONS AND ECONOMICS: HERNANDO DE SOTO ON PROPERTY RIGHTS AND ECONOMIC DEVELOPMENT (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Hernando de Soto's analysis of the high cost of establishing, protecting and trading in property rights in his home country of Peru and other developing nations demonstrates the centrality of institutions to economic analysis and outcomes. The effective denial of property rights to hundreds of thousands of poor people means that their economic potential and that of their countries is largely untapped. De Soto's Peruvian think-tank, the Institute for Liberty and Democracy, has worked for 20 years towards the implementation of reforms to clear property titles and reduce the excessive regulation that stifles developing world entrepreneurship.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.00552.x
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    Book reviews (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Economic affairs 25 (2005), S. 0 
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    ISSN: 1468-0270
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Book reviews in this article:THE GREAT DIVESTITURE: EVALUATING THE WELFARE IMPACT OF THE BRITISH PRIVATIZATIONS 1979–1997 Massimo FlorioGORDON BROWN Tom BowerADAPT OR DIE: THE SCIENCE, POLITICS AND ECONOMICS OF CLIMATE CHANGE Kendra Okonksi (ed.)CHOICE: THE BEST OF REASON Nick Gillespie (ed.)THE STRANGE DEATH OF MORAL BRITAIN Christie DaviesPOLITICAL CHOICE IN BRITAIN Harold Clarke, David Sanders, Marianne Stewart and Paul WhiteleyTHE NOT SO WILD, WILD WEST: PROPERTY RIGHTS ON THE FRONTIER Terry L. Anderson and Peter J. Hill
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1468-0270.2005.tb00677.x
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    Editorial (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Business ethics 14 (2005), S. 0 
    Details
    ISSN: 1467-8608
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Philosophy , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-8608.2005.00413.x
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    Serenity, courage and wisdom: changing competencies for leadership (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Business ethics 14 (2005), S. 0 
    Details
    ISSN: 1467-8608
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Philosophy , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-8608.2005.00416.x
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    Executive summaries (2005)
    Oxford, UK : Blackwell Publishing Ltd
    Business ethics 14 (2005), S. 0 
    Details
    ISSN: 1467-8608
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Philosophy , Economics
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-8608.2005.00412.x
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