No passage to India? Initial responses of UK trade unions to call centre offshoring

This article focuses on the first wave of call centre offshoring from the UK to India (2002–04). Trade union responses in five case‐study companies are documented. Drawing upon theories of union power resources, including international action, the relative efficacy of these union responses is analysed.     

Revealed Comparative Advantage and Competitiveness in Hungarian Agri–Food Sectors

We examine the competitiveness of Hungarian agriculture and food processing, in relation to that of the EU, based on four indices of revealed comparative advantage, using highly disaggregate data for the period 1992 to 1998. Consistency tests suggest that the indices are less satisfactory as cardinal measures, but are useful in identifying the demarcation between comparative advantage and comparative disadvantage. Hungary is shown to have a comparative advantage in a range of agri‐food products, including animals and meat. This complements the findings of those studies that have used price and cost based approaches in identifying competitiveness in cereals and crops. Results indicate that the RCA indices, when interpreted as a binary measure, have remained surprisingly stable during the period of transition, although there is evidence of a weakening in the level of comparative advantage as revealed in the Balassa index.     

Socio-economic analysis of U.K. home accidents

Abstract

Drowning is the third commonest cause of accidental death of children in the UK and many children drown in domestic swimming pools. Concern has been raised about the design and safety of the covers used on domestic swimming pools since the majority of drowning and near-drowning incidents occur in pools with covers on. Swimming pool covers are a diverse range of products and fulfil a number of functions. This diversity in their design and the associated hazards necessitated a multidisciplinary approach to their evaluation. A study of the epidemiology of drownings was carried out in order to specify the risks of swimming pool covers, together with a study of the market and a survey of pool owners and their attitudes to safety. The risks of swimming pool covers were then evaluated by engineering, materials and ergonomics testing which included simulation of both the user and the products. This study is an example of the need for a mix of test methods and types of simulations in order to provide an overall statement of the safety of some consumer products. Results showed that the floating, heat retaining covers used on the majority of UK domestic pools possibly add to the intrinsic risks of a swimming pool. Winter debris covers, although appearing to seal the pool and considered by the majority of owners to make pools safer, were shown to allow children relatively easy access under the cover.     

FUTURES MARKET EFFICIENCY,THE UNBIASEDNESS HYPOTHESIS AND VARIANCE-BOUNDS TESTS: THE CASE OF THE FTSE-100 FUTURES CONTRACT*

The efficiency of futures markets is critical to their price discovery role. This paper investigates the joint hypothesis of market efficiency and unbiasedness of futures prices for the FTSE-100 stock index futures contract. Unlike previous studies, it tests for both long-run and short-run efficiency using cointegration and error correction models. Variance-bounds tests are developed and utilized for examining the question of efficiency. Results show that the market is efficient and provides an unbiased estimate of future spot prices for one and two months away from expiration. However, for three and more months away from expiration this is not the case, which has implications for the users of this market.