Correction to: Conservative solutions for progress: on solution types when combining QCA with in‑depth Process‑Tracing

Quality & Quantity -     

Measuring portfolio strategic performance using key performance indicators

It is difficult to find indicators for measuring the achievement of objectives during the progress of project portfolios. This article presents an approach for developing key strategic perfor‐mance indicators considering this limitation. The indicators proposed help measure the achievement of a portfolio's strategic objectives taking into account the realization of key benefits. This approach helps identify strategic interdependences between projects that the portfolio is composed of, facilitating the understanding of how the performance of a single project affects the overall performance of a portfolio. The key perfor‐mance indicators can also be used for monitoring the materialization of risks and opportunities influencing the strategic performance of a portfolio.     

Twenty years of economic transition in Russia: Results and lessons learned

The present article studies the events and processes that took place during the socioeconomic transformation in Russia. The positive and negative consequences of the reforms are considered, and their macroeconomic results are assessed. The article reveals the causes of the weak points in the present-day Russian economy and focuses on mistakes and wrong solutions that should be avoided in the future.     

Business cycles synchronization in East Asian economy: Evidences from time-varying coherence study

This paper analyzes the feasibility of a monetary union in East Asia focusing on business cycles synchronization. Considering the critical role of trade integration in the East Asian integration process, we study whether East Asian countries are characterized by business cycle synchronization. The related empirical literature dedicated to business cycles synchronization in East Asia does not lead to firm conclusion. In this paper, we suggest a different empirical approach allowing, contrary to the previous studies, to detect endogenously structural changes in the comovement process between outputs. We apply a new measure based on the time-varying coherence function. Such a measure not only detects comovement dynamics but it distinguishes also this dynamics between short- and long-term. We compute also cohesion statistics to test if countries tend to be more synchronized or not. The main finding of this paper is that the increase in bilateral trade inside the East Asian region significantly improves long-run business cycle synchronization. The short-run influence of bilateral trade shows mixed results. Indeed, short-run cycles remain significantly influenced both by shocks hitting each country and by economic policy responses. As a consequence, more bilateral trade and convergence in economic policy constitute two complementary processes to promote business cycle synchronization.     

Costos del despido y ventajas de la medición con métodos directos

Es frecuente achacar los malos resultados del mercado laboral a los costos del despido y a las normas que rigen las relaciones de trabajo. Ahora bien, las investigaciones acerca de las consecuencias económicas de los despidos prestan muy poca atención a la calidad y la precisión de las mediciones, y no arrojan indicaciones concluyentes. Después de pasar revista a los métodos actuales de medición, el autor sostiene que es muy conveniente usar métodos cuantitativos directos a fin de complementar las mediciones indirectas habituales. Para ilustrar esta afirmación se vale de una encuesta efectuada recientemente en Australia.     

Testing time series data compatibility for benchmarking

Compatibility testing determines whether two series, say a sub-annual and an annual series, both of which are subject to sampling errors, can be considered suitable for benchmarking. We derive statistical tests and discuss the issues with their implementation. The results are illustrated using the artificial series from Denton (1971) and two empirical examples. A practical way of implementing the tests is also presented.     

A policy spectrum for spectrum economics

Recent reforms to radio spectrum regulation have sparked controversy over the respective merits of two mutually exclusive liberalization regimes: property rights and commons. This debate is restrictive because it is largely incomplete and misunderstood. It is also costly in terms of opposition and delays to reforms. Goals of efficient spectrum allocation are better served by a wider policy toolkit, inclusive of hybrid and intermediary regimes. In this article I sketch the contours of a ‘spectrum of spectrum regimes’, triangulating regulatory, private ownership and unlicensed approaches. I illustrate this triangulated model, which I then apply to confront allocative decisions in digital dividend policy, such as the FCC’s open access clause in the 700 MHz auction and Ofcom’s current review of UHF spectrum release in the 800 MHz band.     

DISPARITIÉS RÉGIONALES ET SCOLARITÉ EN AGRICUTURE

Une analyse graphique dégage, en 1961, pour ?agriculture québécoise et ontarienne, une relation entre la productivité moyenne en valeur de travail et le taux de scolarité de la population rurale agricole masculine, au niveau régional. La variable scolarité est introduite dans une fonction agrégée de production pour la province de Québec et son effet sur la production s'avère significatif. Les coefficients de régression de la variable scolarité et des autres, variables sont utilisés pour analyser les différences relatives de productivité du travail entre la région des environs de Montréal et la région de la Gaspésie-Côte-Nord. Comparativement à une analyse antérieure dont la scolaritéétait absente, celle-ci explique 6% de la différence de productivité. ?effet du taux de scolarité ne modifie guère les effets des autres variables, excepté celui de la région, qui est diminué du montant expliqué par la scolarité. La faible contribution du taux de scolaritéà?explication des différences régionales de productivité soulève la question ?un possible sous-investissement dans le capital humain en agriculture. REGIONAL DISPARITIES AND EDUCATION IN AGRICULTURE –A graphic analysis, at the regional level, in 1961, reveals in Quebec and Ontario agriculture, a relationship between the average value productivity of labour and the level of education of the agricultural rural male labor force. The education variable is introduced in the aggregate production function for Quebec agriculture and found to have a significant effect on production. The regression coefficient of the education variable is used, together with the other regression coefficients, to analyse the relative gap of labour productivity between the Montreal (environs) region and the Gaspe-Côte-Nord region. In comparison with a previous analysis excluding education, it is found that differences in education explain 6% of the gap, without altering much the effects of the other variables, except the regional effect, which is reduced by 6%. The small contribution of education to the explanation of the regional disparities in agricultural labor productivity might reflect the under investment in human capital.