Book Review Essays

Book reviewed in this article: Production, class struggle and regional development: Freyssenet M. Production, class struggle and regional development: Friedman A.     

Book Review

This study examines the association between annual stock returns of firms listed on the Athens Stock Exchange and the tax benefits of mandated fixed assets revaluations that occurred in the years 1982, 1988 and 1992. A significant association is found for the revaluations that occurred in 1992 but not for those that took place in 1988 or 1982 As the tax benefits are probably measured with error, we use the amount of the revaluation to explain stock returns with similar findings. When we extend the period over which we accumulate stock returns from one to two years, the association between stock returns and the amount of the revaluation is significant both in 1992 and in 1982. For the years 1992 and 1982, we also observe a significant association between stock prices and the revaluation amounts.     

Book Review

Following review of definitions of New Public Management (NPM), the paper assesses whether Canada has adopted the NPM, organized by Kernaghan and Charih's (1997) categories and using Loeffler's (1997) definition. Canada has reorganized the machinery of government, changed management methods and reduced the federal public sector substantially. Despite high debt, Canada's federal government reduced its expenditures and/or public service as much or more than the UK and New Zealand. Its expenditures as a proportion of GDP are now similar to those of the UK and New Zealand, the major proponents of NPM.     

Book Review

Book Review

Book Review     

Book Review

Book reviewed in this article:
THE FIGHT AGAINST UNEMPLOYMENT : Macroeconomic Analysis from the Centre for European Policy Studies Richard Layard and Lars Calmfors (editors)