‘Bhoodan-Yagna’ or Land-Gifts Mission in India

Ohne Zusammenfassung     

Child Labour and Trade Liberalization

The paper analyses the implications of trade liberalization on the incidence of child labour in a two-sector general equilibrium framework. The supply function of child labour has been derived from the utility-maximizing behaviour of the working families. The paper finds that the effect of trade liberalization on the incidence of child labour crucially hinges on the relative factor intensities of the two sectors.     

Tardiness as a manifestation of employee withdrawal

Tardiness is examined as a manifestation of withdrawal, using data from a sample of 173 employees of a printing company located in the midwest. Three sources of tardiness data were used: supervisory ratings, personnel records, and employee self-reports. The results suggest that it may be legitimate to include tardiness within the withdrawal rubric, that tardiness and absenteeism tend to be exhibited by employees simultaneously rather than alternatively, and that tardiness is related to some demographic/background variables, but not to attitudinal variables. Only moderate correspondence is detected among different tardiness measures.     

From Corporate Crisis to Turnaround in East Asia: A Study of China Huajing Electronics Group Corporation

In this article, we investigated some of the pre-conditions of crisis faced by technology-focused firms, as a group, in the emerging markets facing globalization and looked at the modalities for turnaround. We applied the “entrepreneurial leadership” model recently proposed by Gupta, Macmillan and Surie (2004) for defining the processes needed for adapting to the globalization-induced crisis. Our context for the globalization-induced crisis was the 1997 East Asian crisis, and we studied how the crisis galvanized a leading Chinese electronics firm—Huajing—to develop and execute a turnaround strategy for recovering from a near bankruptcy state. We discussed how organizational and other factors conjoined to create crisis at Huajing in the midst of globalization and trace the process through which entrepreneurial leadership was implemented. We distil various insights into a prototypical, unified model that underscores the significance of entrepreneurial leadership in developing and applying the different strategic flexibility platforms embedded in the resources and capabilities of the firms and in generating a relationship-anchored market position. The findings suggest that in situations where the crisis occurs at the level of organizational field, firms need turnaround strategies that help strengthen not only their organizational field but also their own value generation capabilities.     

Analysis of PBIB designs using association matrices

Summary It is shown that the idempotent matrices of the information matrix of anm-associate class PBIB design can be obtained in terms of its association matrices. Some Special cases are also considered.     

Duty-free zone,unemployment, and welfare a note

We consider a small open Harris-Todaro economy with the urban sector consisting of a duty-free zone and a non-duty free zone. There is no capital mobility between the urban sector and the rural sector, but capital is perfectly shiftable between the two sub-sectors of the urban sector. A policy of expanding the duty-free zone through the reduction in import-duty on intermediate goods in that sector ultimately lowers the level of output of that sector. This policy also raises the level of unemployment, lowers national income (social welfare), and increases economic inequality. If, however, the tariff on the final product is reduced in that sector, we get the opposite result.     

Out-of-Sample Equity Premium Predictability in South Africa: Evidence from a Large Number of Predictors

This article uses a predictive regression framework to examine the out-of-sample predictability of South Africa’s equity premium, using a host of financial and macroeconomic variables. We employ various methods of forecast combination, bootstrap aggregation (bagging), diffusion index (principal component), and Bayesian regressions to allow for a simultaneous role of the variables under consideration, besides individual predictive regressions. We assess both the statistical and economic significance of the individual predictive regressions, combination methods, bagging, principal components, and Bayesian regressions. Our results show that forecast combination methods and principal component regressions improve the predictability of the equity premium relative to the benchmark autoregressive model of order one (AR[1]). However, the Bayesian predictive regressions are found to be the standout performers with the models outperforming the individual regressions, forecast combination methods, bagging and principal component regressions, both in terms of statistical (forecasting) and economic (utility) gains.