Imports,monopoly power,profits and exchange rates

This study uses pooled data on U.S. manufacturing industries and on U.S. imports to analyze the level of monopoly power and the restraining influence of the import penetration ratio at the industry level. In general, industries with higher levels of imports have lower levels of monopoly power. In addition, imports have a greater impact on industries with more monopoly power (i.e., higher concentration), even though the level of imports may be lower. Finally, the impact of imports on monopoly power appears to be increasing over time indicating that U.S. manufacturing has become significantly more competitive over the 1961 to 1984 period. (JEL F14, L12)     

THE EFFECT OF PARENTAL EMPLOYMENT ON CHILD SCHOOLING

This paper presents a model that provides conditions under which a causal interpretation can be given to the association between childhood parental employment and subsequent educational attainments of children. The key parameter comes from theconditional demand function for children's future earning capacity. Its identification rests on having data on siblings and assumptions about the timing of parents' knowledge of their children's endowments. In addition to sibling differences, the useof a fixed‐effects instrumental‐variables estimator identifies the parameter under weaker conditions. Empirical analysis informed by the model reveals a negative and significant effect on the child's educational attainment of the months of the mother's full‐time employment when the child was aged 0–5. The effect of the mother's part‐time employment is smaller and less well determined, but again negative. These results suggest that the substitution effect of the mother's employment dominates the income effects. Stronger adverse effects are found for children of less‐educated mothers. Copyright © 2012 John Wiley & Sons, Ltd.     

International mergers and acquisitions in the UK 1985-94: a comparison of national HRM practices

The paper investigates HRM practices adopted by companies from the USA, Japan, Germany and France in UK companies that they have acquired. UK/UK acquisitions are used as a control. The research is based on a survey instrument applied to 201 companies and interviews with forty. It notes that there is some convergence of HRM practices, in that, for example, all countries researched employ performance-related pay and increase the amount of training in their new subsidiaries. It finds, however, that there is a distinct difference in the HRM practices employed by companies from each of the countries, influenced by the characteristic HR practices common to companies in the country of origin of the parent.     

The French Communication Industry Defined and Analyzed through the Social Fabric Matrix,the Filiere Approach,and Network Analysis

This paper examines the relative impact of economic freedom, civil liberties, and political rights on growth. A system of three simultaneous equations is used to unearth the channels through which these institutional dimensions affect economic growth. These include greater efficiency and enlarged investment in physical and human capital. The sample contains 79 countries and six periods covering the years from 1976 to 2005. The results show that the three dimensions of institutional quality are important for economic growth either through a better allocation of resources or, indirectly, through the stimulation of investment in physical and human capital.     

The Purpose and Process of Science: Contrasting Understandings in UK Research Establishments

This paper is based on an ESRC-funded study into scientists' perceptions of management. Changes in the organisation, purpose and process of science were heralded with the publication of the White Paper (Cm2250 1993). However, to date there has been little empirical work into how research scientists understand such issues. Our research, based on qualitative interviews conducted with scientist/managers in seven government-funded research establishments, found that scientists' notions of scientific purpose varied, not just according to the nature of their work, but also evolved as careers progressed and the contexts within which they worked changed (in particular as the need to generate income through commissioned work has increased). The data also reveal a diversity in scientists' understanding of the relationship between discovery and applied science. Of central importance to R&D managers is the extent to which these scientists saw their aspirations as achievable within the changing context of public sector science. From the data we generate an Ideal Type model of approaches that may be taken to reconcile the imperatives of applied and fundamental research and develop an understanding of the key role of senior management in creating an effective interface with external stakeholders and the development of culture and vision within the laboratory that will enable effective synergy.     

Social Capital and the Networking Practices of Indigenous Entrepreneurs

A comparative case study analysis has been undertaken on Australian Aboriginal, native Hawaiians, and Māori entrepreneurs. This work investigates the networking activities by these groups of indigenous entrepreneurs situated within a mixed minority (indigenous) and dominant (settler majority) urban cultural setting. The way in which indigenous entrepreneurs network to achieve their business aspirations suggests that the underlying social capital dimensions are unique to their cultural context. Five comparative characteristics also emerged from the data that assist the analysis. The research reveals how indigenous and potentially other minority ethnic entrepreneurs draw upon internal and external network ties that are related to the historical and cultural influence on social capital.     

Mapping views of the future in a small group

This article describes specific approaches to interviewing, questionnaire design, and seminar organisation and focuses on the process designed to explicate the conceptual frameworks used by the individual group members in their everyday decision making.     

HOUSEHOLD SAVING IN THE '90s: EVIDENCE FROM CROSS-SECTION WEALTH SURVEYS

This paper uses a series of cross-section surveys to measure how wealth accumulation and active saving rates varied across cohort-groups during the early and mid 1990s. Our estimated rates of saving and wealth change across cohorts show a somewhat more dramatic life-cycle pattern than found in previous studies, in part because we use a new technique, and in part because the cross-section wealth surveys we use oversample the wealthiest families whose behavior dominates aggregate changes. Adjusting the wealth-change rates for bequests and subtracting out the capital gains component of wealth change move the estimates in the direction of results from previous studies, but the biggest changes in that direction result from excluding the top of the wealth distribution in each year.