New development: Between politics and strategic planning—the management of government priorities in Lithuania

ABSTRACT

How do political agendas impact on strategic planning practices? This article shows that recent changes to the framework for managing government priorities have made Lithuania’s strategic planning system more politically responsive by mobilizing political attention, leadership and state funding to major government commitments. However, these changes have not yet translated into any longer term outcomes because policy implementation practices did not change very much.     

A Conversation With Paul Embrechts

Paul Embrechts was born in Schoten, Belgium, on 3 February 1953. He holds a Licentiaat in Mathematics from Universiteit Antwerpen (1975) and a DSc from Katholieke Universiteit Leuven (1979), where he was also a Research Assistant from 1975 to 1983. He then held a lectureship in Statistics at Imperial College, London (1983–1985) and was a Docent at Limburgs Universitair Centrum, Belgium (1985–1989) before joining ETH Zürich as a Full Professor of Mathematics in 1989, where he remained until his retirement as an Emeritus in 2018. A renowned specialist of extreme-value theory and quantitative risk management, he authored or coauthored nearly 200 scientific papers and five books, including the highly influential ‘Modelling of Extremal Events for Insurance and Finance’ (Springer, 1997) and ‘Quantitative Risk Management: Concepts, Techniques and Tools’ (Princeton University Press, 2005, 2015). He served in numerous editorial capacities, notably as Editor-in-Chief of the ASTIN Bulletin (1996–2005). Praised for his natural leadership and exceptional communication skills, he helped to bridge the gap between academia and industry through the foundation of RiskLab Switzerland and his sustained leadership for nearly 20 years. He gave numerous prestigious invited and keynote lectures worldwide and served as a member of the board of, or consultant for, various banks, insurance companies and international regulatory authorities. His work was recognised through several visiting positions, including at the Oxford-Man Institute, and many awards. He is, inter alia, an Elected Fellow of the Institute of Mathematical Statistics (1995) and the American Statistical Association (2014), an Honorary Fellow of the Institute and the Faculty of Actuaries (2000), Honorary Member of the Belgian (2010) and French (2015) Institute of Actuaries and was granted four honorary degrees (University of Waterloo, 2007; Heriot-Watt University, 2011; Université catholique de Louvain, 2012; City, University of London, 2017). The following conversation took place in Paul's office at ETH Zürich, 17–18 December 2018.     

Winners and losers after 25 years of transition: Decreasing wage inequality in Slovenia

Over the past twenty-five years, wage inequality has fallen in Slovenia, even as it has risen in most developed economies. The rates of return to education and work experience rose and remained high on average. However, rapid increases in the number of college graduates have outpaced the rising relative demand for skill among the youngest labor market entrants. As a result, the youngest cohorts of college graduates have experienced declining returns to education and a downward shift in their occupational distribution, which has not been experienced by older college graduates. These changes coincide with the implementation of the Bologna Reform, which reduced the length of time necessary to complete a bachelor’s degree and contributed to the incentives to attend college. Falling returns to tertiary education contributed to declining within-cohort wage inequality among the young, which was large enough to reduce overall wage inequality.     

On a special application of the truncation problem

Summary A special application of the truncation problem is presented in connection with constructing a model for the analysis of the fine aerosol spray particle size distribution sampled by an impact method. The relationship between the diameter distribution of images recorded on a photograph and the actual spherical particle diameter distribution is analyzed. The problem of estimating the parameters of the actual diameter distribution using the induced information is transformed to estimating the parameters of a truncated distribution with known or unknown truncation point. The derived general solution is implemented to two specified particle size distributions.     

Determination of the most influential factors for number of patents prediction by adaptive neuro-fuzzy technique

Number of patents may be developed on the basis on different natural and science and technological factors. Number of patents prediction based on the different factors in many countries is analyzed in this investigation. These factors represent natural and science resources. The method of ANFIS (adaptive neuro fuzzy inference system) was applied to the data in order to select the most influential factors for the number of patents prediction. Five inputs are considered: research and development (R&D) resources, natural resources, quality of academic institutions, quality of collaboration with the private sector and quality of education. As the ANFIS output, number of patents is considered. The ANFIS process for variable selection is also implemented in order to detect the predominant factors affecting the prediction of number of patents. Results show that the R&D is the most influential factor for the number of patents prediction.     

Near‐sourcing UK apparel: value chain restructuring,productivity and the informal economy

Fast fashion's emphasis on quick response production and supply chain management is at the basis of renewed growth in UK apparel manufacturing. This article shows how increasing pressure from lead firms has resulted in manufacturers maintaining profit levels, mainly, through informal subcontracting and informal employment, as opposed to increasing productivity.     

Determinants of Schooling in Egypt: The Role of Gender and Rural/Urban Residence

In this paper, we examine if there are gender differences in schooling attainment and the extent to which these differences are exacerbated for rural children in Egypt. Using a nationally representative cross-sectional survey, our estimation results find strong support for the hypothesis that being male and living in urban areas significantly improves child schooling. We show that relative to a female child who is “never enrolled” in school, a male child is over twice as likely to be currently attending school, and over two-and-a-half times more likely to have some schooling. These positive effects are particularly strong for rural male children. There are also regional variations, with a child (male or female) living in Upper Rural Egypt having a significantly lower likelihood of being currently enrolled. Finally, our estimation results point to large positive effects of father's education on the probability of current enrolment for all children. Mother's education, however, improves only the likelihood of current enrolment for female children, with no significant effect on male children.     

Social landscape: Ten years of planning ‘valuable landscapes’ in Estonia

This paper gives an overview of theme planning on designating valuable landscapes in Estonia (1999–2003) and traces its impacts through the decade up to the present. We claim that in addition to the mapped list of valuable landscapes and their attributes as we have described them, this planning exercise called forth changes in society as well as in landscapes and their appreciation. As the project applied participatory planning tools unprecedented in post-communist Estonia, the Estonian word for landscape (maastik) is now being used more in everyday language, according to the way its meaning altered in the process.     

Merger Control and Economic Growth of LDCs: Some Observations and Recommendations

The aim of this paper is to evaluate merger control as a segment of competition policy in less developed countries (LDCs) and to propose desirable regimes, using economic growth as the evaluation standard. Three regimes of merger control are recommended, depending on the level of institutional and economic development: for LDCs with low levels of both, the absence of merger control is suitable; for LDCs with intermediate levels of both, very restricted merger control is recommended; this should evolve into somewhat restricted merger control for the remaining LDCs. Advocacy is recommended as the main substitute activity of the national competition authorities.