The effects of budget goals and task interdependence on the level of and variance in performance: a research note

The effects of goal setting and task interdependence on both the level of and variance in performance are examined using a laboratory, resource allocation task. The results show, consistent with existing research, main effects for goal setting and task interdependence on the level of performance, but no goal setting by task interaction effect as hypothesised. The results also show that an increase in task interdependence increases performance variance but that goal setting reduces it with important implications for budget setting.     

Taxes,Risk Aversion,and the Size of the Underground Economy

Non‐parametric regression analysis was used to investigate the relationship between the effective tax rate and the relative size of the underground economy, using New Zealand data. The underlying theoretical framework is established, and it suggests an ambiguous prediction regarding the sign of the relationship we are studying. However, our non‐parametric empirical analysis, which also allows for the non‐stationarity of the time‐series data, produces a positive and ‘S‐shaped’ relationship, and this supports earlier empirical studies that imposed such functional forms. The estimated model is used to simulate the effects of hypothetical tax changes on the size of the New Zealand underground economy, and to draw policy conclusions.     

Progress along the path: evolving issues in the measurement of genuine saving

More than 10 years since a practical linkage between sustainable development and a measure of national wealth—expanded to include natural and environmental resources—was first posited, the empirical estimation of adjusted net savings, dubbed ‘genuine’ saving, has evolved considerably. In this paper we take stock of both progress achieved and the challenges that remain. We begin by recalling the key points made in Pearce and Atkinson (1993, Ecol Econ 8, 103), which presented the first cross-country estimates of savings rates adjusted to reflect depletion and degradation of the environment. We then briefly summarise the evolution of the theoretical argument linking savings and sustainability. However, the main focus of this paper is an aspect that concerned David Pearce greatly, namely the evolution of the measurement of genuine savings. We identify and consider the empirical evidence with regard to two particular measurement issues: the valuation of exhaustible resources and environmental degradation. Common to the both issues are concerns about measuring changes in national wealth in real world economies.      

I: making maastricht work

Giles Keating, chief economist of Credit Suisse First Boston, puts the case for the Maastricht agreement on monetary union after the Danes said 'No' in their referendum.     

Required Rates of Return for Corporate Investment Appraisal in the Presence of Growth Opportunities

Traditional methods of estimating required rates of return overstate hurdle rates in the presence of growth opportunities. We attempt to quantify this effect by developing a simple model which: (i) identifies those companies that have valuable growth opportunities; (ii) splits the value of shares into ‘assets‐in‐place’ and ‘growth opportunities’; and (iii) splits the equity β into β for ‘assets‐in‐place’ and ‘growth opportunities’. We find growth opportunities for UK companies over the 1990–2004 period to average 33% of equity value. Incorporating the effect of growth opportunities, the average cost of capital for investment purposes falls by 1.1 percentage points.     

Where are all the gay fathers?: Reflections on recruiting gay fathers as participants in leisure research

ABSTRACT

There is a dearth of understanding of gay fathers’ perspectives on leisure studies topics. If researchers are to conduct research that better reflects all fathers, it is important to gain insights into recruiting gay fathers, and to ensure that gay fathers know that their perspectives are needed and desired. Thus, in this research note, we highlight two important reflections on the difficulties we encountered when attempting to recruit gay fathers as research participants: (1) Heteronormativity exists in leisure studies and it is problematic for the recruitment of gay fathers; and (2) understaffed organisations are at times unable to help recruit gay fathers for research. Researchers who work with gay fathers may draw on our reflections to overcome similar difficulties that they may face. It is our hope that our reflections may contribute towards achieving the important social justice goal of including gay fathers in leisure studies.     

A note on urban migration in New Zealand

The purpose of this study is to develop a simple simultaneous equations model of urban migration in New Zealand. The model comprises equations explaining in-migration and out-migration, the significant explanatory variables being determined by a “backward-elimination” procedure. The results isolate the important influence of one large growth center on in-migration and out-migration rates, the significance of incomes for in-migration rates, and the effect of a geographical barrier on out-migration rates.