Pub Date : 2005-12-01DOI: 10.1108/01437720710733483
Lutz C. Kaiser
In 14 member states of the European Union, women's relative to men's levels of job satisfaction are compared by using data of the European Household Community Panel. The countries under consideration can be assigned to three different groups. Denmark, Finland and the Netherlands do not show significant gender-job satisfaction differences. In contrast, in Portugal men are more satisfied with their jobs than women. However, in the vast majority of the investigated countries female workers show a significantly higher level of job satisfaction. As the majority of women are disadvantaged compared to men in the labor market, the findings clearly demonstrate a gender-job satisfaction paradox in these countries. From this point of view, only Denmark, Finland and the Netherlands display gender-job satisfaction equality. The results suggest that objective (socio-economic and institutional) determinants of labor market statuses and subjective (assessed and evaluated) perspectives are mutually complementary. The more restrictive the labor market access and process is for women, the more likely a gender-job satisfaction paradox is to emerge in any country. With regard to the process of labor market modernization, the results support the hypotheses that equal opportunities for women and men like in Scandinavian countries and also partially in the Netherlands implicate that the gender-job satisfaction paradox does not appear anymore due to a fading-out over past decades.
{"title":"Gender-Job Satisfaction Differences Across Europe: An Indicator for Labor Market Modernization","authors":"Lutz C. Kaiser","doi":"10.1108/01437720710733483","DOIUrl":"https://doi.org/10.1108/01437720710733483","url":null,"abstract":"In 14 member states of the European Union, women's relative to men's levels of job satisfaction are compared by using data of the European Household Community Panel. The countries under consideration can be assigned to three different groups. Denmark, Finland and the Netherlands do not show significant gender-job satisfaction differences. In contrast, in Portugal men are more satisfied with their jobs than women. However, in the vast majority of the investigated countries female workers show a significantly higher level of job satisfaction. As the majority of women are disadvantaged compared to men in the labor market, the findings clearly demonstrate a gender-job satisfaction paradox in these countries. From this point of view, only Denmark, Finland and the Netherlands display gender-job satisfaction equality. The results suggest that objective (socio-economic and institutional) determinants of labor market statuses and subjective (assessed and evaluated) perspectives are mutually complementary. The more restrictive the labor market access and process is for women, the more likely a gender-job satisfaction paradox is to emerge in any country. With regard to the process of labor market modernization, the results support the hypotheses that equal opportunities for women and men like in Scandinavian countries and also partially in the Netherlands implicate that the gender-job satisfaction paradox does not appear anymore due to a fading-out over past decades.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121757574","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2005-12-01DOI: 10.1111/J.1540-5850.2005.00373.X
William R. Voorhees
In June of 2004, the Governmental Accounting Standards Board issued a new standard that requires governments to place other postemployment benefits on their books. Previously these obligations were reported on a cash basis. Under the new standard, expenses and liabilities will be accrued over the life of the employee's service. Governments that fail to fully fund these new expenses will be required to post a liability to their books.
{"title":"Counting Retirement Expenditures Before They Hatch: GASB and the New Reporting Requirements for Other Postemployment Benefits","authors":"William R. Voorhees","doi":"10.1111/J.1540-5850.2005.00373.X","DOIUrl":"https://doi.org/10.1111/J.1540-5850.2005.00373.X","url":null,"abstract":"In June of 2004, the Governmental Accounting Standards Board issued a new standard that requires governments to place other postemployment benefits on their books. Previously these obligations were reported on a cash basis. Under the new standard, expenses and liabilities will be accrued over the life of the employee's service. Governments that fail to fully fund these new expenses will be required to post a liability to their books.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128582516","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Methodological individualism is the doctrine that economic or social phenomena are ultimately grounded in individual knowing and choice. Recently numerous collective concepts have been introduced into our thinking about the firm - absorptive capacity, communities of practice, dynamic capabilities, social capital, organizational routines, and so on. As far as we can tell these are neither theoretically nor empirically well grounded. In this talk I consider what might be meant by the statement that 'only individuals can know'. I contrast notions of knowing as having and holding data, or a frame of meaning, or a skilled practice. I conclude that all manner of social entities can know in all respects save that of creating the knowledge that is then known.
{"title":"Management, Rational or Creative: A Knowledge-Based Discussion","authors":"J. Spender","doi":"10.2139/ssrn.982092","DOIUrl":"https://doi.org/10.2139/ssrn.982092","url":null,"abstract":"Methodological individualism is the doctrine that economic or social phenomena are ultimately grounded in individual knowing and choice. Recently numerous collective concepts have been introduced into our thinking about the firm - absorptive capacity, communities of practice, dynamic capabilities, social capital, organizational routines, and so on. As far as we can tell these are neither theoretically nor empirically well grounded. In this talk I consider what might be meant by the statement that 'only individuals can know'. I contrast notions of knowing as having and holding data, or a frame of meaning, or a skilled practice. I conclude that all manner of social entities can know in all respects save that of creating the knowledge that is then known.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116166471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study provides a broad overview of the private housing market in central and eastern Europe and some of the CIS – its history, current conditions and implications for the overall economy. It highlights regional differences, describes the different policy choices that have been made, and evaluates potential problem areas and the policy options for addressing them. The paper begins with a description of housing in these countries before and during their transition phase to market economies. The current state of the housing market in this region is then examined with an emphasis on its institutional development and size. Price trends throughout the region are analysed. A major objective is to ascertain the extent to which these markets are now similar to those observed in more developed western economies. The implications for the housing market resulting from the further integration of these countries into the global financial system are also explored.
{"title":"The Private Housing Market in Eastern Europe and the CIS","authors":"Robert C. Shelburne, José Palacín","doi":"10.2139/ssrn.903119","DOIUrl":"https://doi.org/10.2139/ssrn.903119","url":null,"abstract":"This study provides a broad overview of the private housing market in central and eastern Europe and some of the CIS – its history, current conditions and implications for the overall economy. It highlights regional differences, describes the different policy choices that have been made, and evaluates potential problem areas and the policy options for addressing them. The paper begins with a description of housing in these countries before and during their transition phase to market economies. The current state of the housing market in this region is then examined with an emphasis on its institutional development and size. Price trends throughout the region are analysed. A major objective is to ascertain the extent to which these markets are now similar to those observed in more developed western economies. The implications for the housing market resulting from the further integration of these countries into the global financial system are also explored.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128692423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The National Institute for Occupational Safety and Health (NIOSH) has a program to certify doctors as competent to interpret pulmonary X-rays using the International Labour Office (ILO) International Classification of Radiographs (X-rays) of Pneumoconiosis. Doctors so certified are referred to as B Readers. The NIOSH B Reader Program was established to reduce the level of variability among X-ray readers by objectively documenting proficiency in evaluating the characteristics and patterns of images on chest X-rays for occupationally related lung disease. NIOSH currently certifies approximately 400 B Readers. Of this number, approximately 15-25 current and former B Readers have done a majority of the several hundred thousands of B-readings that have been submitted in support of asbestos and silica-related personal injury claims. In several published articles, I have offered the opinion, based upon the evidence I presented, that many of these 15-25 B Readers are not engaged in good faith medical practice but rather provide X-ray readings and diagnoses for litigation purposes that are primarily a function of the millions of dollars a year in income that they receive for their services. Earlier this year, U.S. District Court Judge Janis Jack, presiding over the silica MDL (Docket No. 1553), concluded that lawyers, doctors and screening companies had created a scheme to manufacture [diagnoses] for money. Taking note of the mounting evidence that certain physicians, including NIOSH-certified B Readers, were engaged in improper practice, NIOSH is proposing to adopt Ethical Considerations for B Readers. Federal Register, Vol. 70, No. 221 (Thursday, Nov. 17, 2005/Notices at 69765). I have responded to NIOSH's request for comments on its proposal. In my comments, I briefly review the elements of an entrepreneurial model of nonmalignant asbestos litigation that I more fully describe in my published writings as having come into being in the mid to late 1980s. The core of this entrepreneurial model is the mass screening and the use of B Readers and other physicians to generate medical evidence in support of hundreds of thousands of mostly specious claims. I recommend that NIOSH create an audit process to review the work of high volume B Readers who read X-rays for litigation purposes. Under my proposal, a neutral panel of B Readers will, upon complaint, reread a sample of the B-reads of a litigation doctor to determine whether there is a prima facie case of nonconformance with ILO standards. If the panel concludes that that B Reader has substantially departed from ILO standards, it shall recommend to NIOSH that it withdraw its certification of that Reader. In the event of such recommendation, NIOSH shall notify appropriate state licensing authorities and medical certification boards of that recommendation.
{"title":"Comments on Niosh's Proposed 'B Reader Code of Ethics'","authors":"L. Brickman","doi":"10.2139/SSRN.871965","DOIUrl":"https://doi.org/10.2139/SSRN.871965","url":null,"abstract":"The National Institute for Occupational Safety and Health (NIOSH) has a program to certify doctors as competent to interpret pulmonary X-rays using the International Labour Office (ILO) International Classification of Radiographs (X-rays) of Pneumoconiosis. Doctors so certified are referred to as B Readers. The NIOSH B Reader Program was established to reduce the level of variability among X-ray readers by objectively documenting proficiency in evaluating the characteristics and patterns of images on chest X-rays for occupationally related lung disease. NIOSH currently certifies approximately 400 B Readers. Of this number, approximately 15-25 current and former B Readers have done a majority of the several hundred thousands of B-readings that have been submitted in support of asbestos and silica-related personal injury claims. In several published articles, I have offered the opinion, based upon the evidence I presented, that many of these 15-25 B Readers are not engaged in good faith medical practice but rather provide X-ray readings and diagnoses for litigation purposes that are primarily a function of the millions of dollars a year in income that they receive for their services. Earlier this year, U.S. District Court Judge Janis Jack, presiding over the silica MDL (Docket No. 1553), concluded that lawyers, doctors and screening companies had created a scheme to manufacture [diagnoses] for money. Taking note of the mounting evidence that certain physicians, including NIOSH-certified B Readers, were engaged in improper practice, NIOSH is proposing to adopt Ethical Considerations for B Readers. Federal Register, Vol. 70, No. 221 (Thursday, Nov. 17, 2005/Notices at 69765). I have responded to NIOSH's request for comments on its proposal. In my comments, I briefly review the elements of an entrepreneurial model of nonmalignant asbestos litigation that I more fully describe in my published writings as having come into being in the mid to late 1980s. The core of this entrepreneurial model is the mass screening and the use of B Readers and other physicians to generate medical evidence in support of hundreds of thousands of mostly specious claims. I recommend that NIOSH create an audit process to review the work of high volume B Readers who read X-rays for litigation purposes. Under my proposal, a neutral panel of B Readers will, upon complaint, reread a sample of the B-reads of a litigation doctor to determine whether there is a prima facie case of nonconformance with ILO standards. If the panel concludes that that B Reader has substantially departed from ILO standards, it shall recommend to NIOSH that it withdraw its certification of that Reader. In the event of such recommendation, NIOSH shall notify appropriate state licensing authorities and medical certification boards of that recommendation.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"141 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131695021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Lower birth weight babies have worse outcomes, both short-run in terms of one year mortality rates and longer run in terms of educational attainment and earnings. However, recent research has called into question whether birth weight itself is important or whether it simply reflects other hard-to-measure haracteristics. By applying within twin techniques using a unique dataset from Norway, we xamine both short-run and long-run outcomes for the same cohorts. We find that birth weight does matter; very small short-run fixed effect estimates can be misleading because longer-run effects on outcomes such as height, IQ, earnings, and education are significant and similar in magnitude to OLS estimates. Our estimates suggest that eliminating birth weight differences between socio-economic groups would have sizeable effects on the later outcomes of children from poorer families
{"title":"From the Cradle to the Labor Market? The Effect of Birth Weight on Adult Outcomes","authors":"Sandra E. Black, P. Devereux, K. Salvanes","doi":"10.1162/QJEC.122.1.409","DOIUrl":"https://doi.org/10.1162/QJEC.122.1.409","url":null,"abstract":"Lower birth weight babies have worse outcomes, both short-run in terms of one year mortality rates and longer run in terms of educational attainment and earnings. However, recent research has called into question whether birth weight itself is important or whether it simply reflects other hard-to-measure haracteristics. By applying within twin techniques using a unique dataset from Norway, we xamine both short-run and long-run outcomes for the same cohorts. We find that birth weight does matter; very small short-run fixed effect estimates can be misleading because longer-run effects on outcomes such as height, IQ, earnings, and education are significant and similar in magnitude to OLS estimates. Our estimates suggest that eliminating birth weight differences between socio-economic groups would have sizeable effects on the later outcomes of children from poorer families","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129106961","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The authors present a database of indicators of innovative activity around the world since the early 1960s. The data include measures of innovation outcomes as well as variables related to innovation effort. The main indicator of innovation outputs is patents. The main variables related to innovation inputs are investment in research and development (R&D) and technical personnel (engineers, scientists) working in R&D activities. The sources of these data are publicly available (OECD, UNESCO, etc.), yet there have been few attempts at double checking the consistency of these data and digitizing observations dating back to the 1960s. After discussing the sources and definitions of the data, the authors examine trends and patterns of innovation outputs and inputs by looking at the over-time behavior of the relevant series and comparing the performance of developing and high-income countries. They also provide cross-regional comparisons and a detailed examination of trends in selected countries. In turn, the authors provide estimates of the impact of innovation on long-run development by following an emerging empirical literature on the determinants of levels of GDP per capita. The econometric results suggest that innovation might indeed have strong positive effects on long-run development, which might be stronger than the direct effects of institutions. The analysis pays close attention to issues related to the potential endogeneity of innovation (and institutions) with respect to the level of development.
{"title":"Innovation and Development Around the World, 1960-2000","authors":"D. Lederman","doi":"10.1596/1813-9450-3774","DOIUrl":"https://doi.org/10.1596/1813-9450-3774","url":null,"abstract":"The authors present a database of indicators of innovative activity around the world since the early 1960s. The data include measures of innovation outcomes as well as variables related to innovation effort. The main indicator of innovation outputs is patents. The main variables related to innovation inputs are investment in research and development (R&D) and technical personnel (engineers, scientists) working in R&D activities. The sources of these data are publicly available (OECD, UNESCO, etc.), yet there have been few attempts at double checking the consistency of these data and digitizing observations dating back to the 1960s. After discussing the sources and definitions of the data, the authors examine trends and patterns of innovation outputs and inputs by looking at the over-time behavior of the relevant series and comparing the performance of developing and high-income countries. They also provide cross-regional comparisons and a detailed examination of trends in selected countries. In turn, the authors provide estimates of the impact of innovation on long-run development by following an emerging empirical literature on the determinants of levels of GDP per capita. The econometric results suggest that innovation might indeed have strong positive effects on long-run development, which might be stronger than the direct effects of institutions. The analysis pays close attention to issues related to the potential endogeneity of innovation (and institutions) with respect to the level of development.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128314866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In Morocco, as elsewhere, banking is the principal financial sector it has the potential to contribute the most or to most severely retard economic development. But the banking industry’s potential performance is constrained by the monetary policies of the central bank. This paper reviews some major factors favoring a strong banking industry that boosts development, as well as the major obstacles that have or continue to face the industry and the economy. The Moroccan central bank, Bank al’Magrib, has been very successful in providing a strong financial environment for the nation. Within this environment, indeed, perhaps because of it, the nation’s banking sector is performing very well. One of the main recent achievements has been the near elimination of so-called “specialized banks,” government institutions set up to provide directed credit to key sectors of the economy. These banks were a major drag on the private financial sector, boosting risk and raising costs, lowering returns to private banks and reducing the their supply of credit and raising the cost of credit for the private sector. These institutions have largely been merged into private firms and their special status eliminated. Fiscal policy continues to remain a major barrier to private capital formation and bank lending. Unfortunately government policy continues to favor running large budget deficits, continuing the waste of scarce national resources. In addition, very high marginal tax rates kick in at very low levels of income, penalizing saving and investment and risk-taking activity.
{"title":"Banking and Economic Development in Morocco","authors":"J. Tatom","doi":"10.2139/SSRN.923365","DOIUrl":"https://doi.org/10.2139/SSRN.923365","url":null,"abstract":"In Morocco, as elsewhere, banking is the principal financial sector it has the potential to contribute the most or to most severely retard economic development. But the banking industry’s potential performance is constrained by the monetary policies of the central bank. This paper reviews some major factors favoring a strong banking industry that boosts development, as well as the major obstacles that have or continue to face the industry and the economy. The Moroccan central bank, Bank al’Magrib, has been very successful in providing a strong financial environment for the nation. Within this environment, indeed, perhaps because of it, the nation’s banking sector is performing very well. One of the main recent achievements has been the near elimination of so-called “specialized banks,” government institutions set up to provide directed credit to key sectors of the economy. These banks were a major drag on the private financial sector, boosting risk and raising costs, lowering returns to private banks and reducing the their supply of credit and raising the cost of credit for the private sector. These institutions have largely been merged into private firms and their special status eliminated. Fiscal policy continues to remain a major barrier to private capital formation and bank lending. Unfortunately government policy continues to favor running large budget deficits, continuing the waste of scarce national resources. In addition, very high marginal tax rates kick in at very low levels of income, penalizing saving and investment and risk-taking activity.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130459162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Foreign Institutional Investors (FII) are one of the determinants of the performance of the major market indices. In the month of June, 2005, there were around 500 FII's operating and 1300 sub accounts 1. The above figure envisages the magnitude of the enormity of the contribution of FII in the stock marker performance index. India can take pride to call itself the second developing economy (after China) and that is the primary reason of FII inflows in India. FII's were allowed to invest in India from September 1992 and SEBI had shown its bland approach by incorporating regulations on FII's only in 1995. In this article the authors explore the regulatory loopholes relating to the issue of Participatory notes - a leading source of volatility in the Indian stock market and suggest necessary corrective measures.
{"title":"Ubs Securities: Sebi Caught in a Catch 22 Situation","authors":"Radhika Pandey","doi":"10.2139/SSRN.842824","DOIUrl":"https://doi.org/10.2139/SSRN.842824","url":null,"abstract":"Foreign Institutional Investors (FII) are one of the determinants of the performance of the major market indices. In the month of June, 2005, there were around 500 FII's operating and 1300 sub accounts 1. The above figure envisages the magnitude of the enormity of the contribution of FII in the stock marker performance index. India can take pride to call itself the second developing economy (after China) and that is the primary reason of FII inflows in India. FII's were allowed to invest in India from September 1992 and SEBI had shown its bland approach by incorporating regulations on FII's only in 1995. In this article the authors explore the regulatory loopholes relating to the issue of Participatory notes - a leading source of volatility in the Indian stock market and suggest necessary corrective measures.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125039773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper investigates the feasibility of using a variant of the spatial equilibrium model to estimate the productivity effects of a specific infrastructure project in New Zealand. Policy makers are interested in the marginal effects of infrastructure investment on productivity and an evaluation of such effects would provide a useful check on the appropriateness and adequacy of current decision rules and institutions. To date, there appear to be no examples of using a spatial equilibrium model to estimate the productivity effects of a specific infrastructure project. However, the analysis in this paper suggests that such an approach is feasible. There is a range of data and estimation issues that needs to be addressed in the use of a spatial equilibrium model for this purpose, but we find that a reasonably useful range of data is available in New Zealand. The next step in determining feasibility is to select a particular infrastructure project, and to develop an empirical model based on available data.
{"title":"Is Infrastructure Productive? Evaluating the Effects of Specific Infrastructure Projects on Firm Productivity within New Zealand","authors":"J. Timmins","doi":"10.2139/ssrn.911327","DOIUrl":"https://doi.org/10.2139/ssrn.911327","url":null,"abstract":"The paper investigates the feasibility of using a variant of the spatial equilibrium model to estimate the productivity effects of a specific infrastructure project in New Zealand. Policy makers are interested in the marginal effects of infrastructure investment on productivity and an evaluation of such effects would provide a useful check on the appropriateness and adequacy of current decision rules and institutions. To date, there appear to be no examples of using a spatial equilibrium model to estimate the productivity effects of a specific infrastructure project. However, the analysis in this paper suggests that such an approach is feasible. There is a range of data and estimation issues that needs to be addressed in the use of a spatial equilibrium model for this purpose, but we find that a reasonably useful range of data is available in New Zealand. The next step in determining feasibility is to select a particular infrastructure project, and to develop an empirical model based on available data.","PeriodicalId":163698,"journal":{"name":"Institutional & Transition Economics eJournal","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124067795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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