Political competitiveness and the private–public structure of public expenditure: a model and empirics for the Indian States

Studies of government size usually try to identify the factors that explain what parts of economic activity are brought within the public sector and what parts are left strictly in private hands. Modern governments are now so large that the question of what determines the private/public composition, or privateness, of public expenditure is of comparable importance for understanding the role of government in society. In this paper, we use a model of the composition of public budgets to uncover the importance of electoral competitiveness and other factors in the evolution of the privateness of public expenditure across the Indian states. These states vary widely in their socioeconomic characteristics while sharing a common political heritage based on parliamentary government. New measures of public expenditure on private targetable goods and of electoral competitiveness at the Indian state level accompany the paper along with a primer on Indian public finance accounting practices in an Online Appendix. The empirical analysis shows that the degree of privateness in India’s more developed states falls substantially with greater political competition and with rising incomes, while in the less developed states it responds more weakly to these key factors and in some cases even inversely.

     

Exploring the preparation practices of teachers who organise secondary school ski trips in England and Wales

Secondary schools across England and Wales understand the importance of offering young people the opportunity to experience activity-based trips. One of these fundamental trips is the ski trip which enables young people to experience new challenges and adventure. However, within England and Wales, skiing is an atypical activity due to the lack of accessibility to the slopes. Consequently, it is vital to effectively prepare young people for skiing to promote enjoyment and reduce the likelihood of injury. The purpose of this study was to explore the current practices in the preparation of school ski trips within England and Wales. An electronic survey was administered to secondary schools across England and Wales with 270 completed responses of schools which organise ski trips. Analysis revealed that there were no significant differences (p > 0.05) across the regions with information being shared with parents prior to the ski trip. Young people are informed on similar information prior to and during the ski trip across the regions (p < 0.05). However, there was a significant difference between respondents screening (33%) and not screening students (67%) (p > 0.01) and under half (47%) of schools provide their pupils with exercise programmes prior to the school trip. Overall, these findings appear that ski trip organisers are consistent across England and Wales with their education of the young person and the management of the ski trip. Although, the knowledge gained by organisers to prepare young people is gathered from a variety of different sources. Therefore, it is essential for evidence-based information to be shared and disseminated to ski trip organisers to provide best practice and to facilitate other schools in providing ski trips for their pupils.     

Work-Integrated Learning in accountancy at Australian universities – forms,future role and challenges

This exploratory study seeks to obtain the views of strategic decision-makers surrounding the implementation of Work-Integrated Learning (WIL) Accountancy programs in Australian universities. Using an online questionnaire with mainly open-ended questions, the results showed most respondents perceived WIL programs as important and should be offered and assessed. Work placements and internships were the prominent forms of WIL; and WIL programs were of varying length but typically long, elective, unpaid, in the middle and/or end of the course/degree, assessed, with students awarded grades and credit points. The most challenging issues identified were the difficulty of finding placements and the resourcing implications. The contributions of the study relate to highlighting the various models of accountancy WIL actually implemented and providing empirical evidence on the challenges faced. Since WIL is perceived as important for the future and should be included in degree courses, the proposed future research could help overcome these challenges.     

The impact of credit rationing on the real sector: a study of the effect of mortgage rates and terms on housing starts

Various studies of the impact of credit rationing on the housing sector have examined its effect on mortgage terms and flows. If credit rationing has a significant effect on the economy, it must affect the real sector, i.e. housing starts. This paper examines the causal relationships between six different variables which describe mortgage rates and terms and single family housing starts. Two different types of tests for economic causality are used. The results indicate that neither credit rationing nor mortgage rates affect housing starts for the period 1963–1980. There is some evidence that housing prices have a causal relationship to housing starts, possibly reflecting speculative motives. On balance, the results are consistent with the rational expectations theory.     

Mitigating the Myopia of Dominant Logics: On Differential Performance and Strategic Supply Chain Research

The primary question of management scholarship is, “What leads some firms to be successful even as others fail?” Over the years, a variety of dominant logics have emerged to inform this question. Synthesized, these logics make it clear that companies win when they create customer value better than the competition and efficiently enough to be profitable. That is, firms that design distinctive and dynamic value‐added systems win competitive battles. This observation is salient to the Journal of Business Logistics community as systems design and value creation are focal decision areas of supply chain management. With this in mind, we briefly discuss two of many areas for which strategic supply chain research can inform differential performance.     

Fairness reactions to personnel selection techniques in Singapore and the United States

This study investigates reactions to personnel selection techniques from the perspectives of working adults in the United States and Singapore, and provides a comparison of the two samples. Differences in the cultural values of the two countries are used to generate hypotheses. Working adults in Singapore (N = 158) and the United States (N = 108) rated the process favourability of eleven selection procedures and then indicated the bases for their reactions on seven procedural dimensions. Implications for selection in Singapore, the United States and in international contexts are discussed.     

A Review of: “ECONOMIC DECISION MODELS FOR ENGINEERS AND MANAGERS” By James L. Riggs McGraw-Hill Book Company 1968 pp.xvi,401 $11.50

This study breaks down the use of capital budgeting procedures between industries. While it is easy to state that the use of capital budgeting analysis has become more sophisticated over the decades, the question remains as to whether different industries have followed the same pattern. Three hundred two Fortune 1,000 companies responded to a survey organized along industry lines. Chi-square independence of classification tests indicated that a null hypothesis of no significant relationship between industry classification and capital budgeting procedures could be rejected in a number of decision-making areas including goal setting, rates of return, and portfolio considerations. Just as industry patterns affect financing decisions (debt vs. equity), they also affect capital budgeting decisions, and this study emphasizes that point.