Economic transition and the rise of alternative institutions

The economic transition from socialism in Russia has not resulted in the emergence of impersonal, rule-based institutions. Instead, the natural demand for institutions that protect property rights has led to the emergence of alternative, inefficient institutions such as that of cronyism – the practice of appointing personal acquaintances of the political leader to key positions. A political leader not constrained by institutions appoints cronies, as competent subordinates are more prone to switching allegiance to a potential challenger. As competence makes a bigger difference in a rule-based environment, such a leader has no interest in any institutional development. In a simple empirical exercise, using a dataset that covers the richest Russians, we find a positive and significant effect of direct connections to the personal circle of President Putin on the wealth of businessmen. The magnitude of the effect varies at different levels of rents available for redistribution and ‘network centrality of a businessman’: it is higher during the years of high oil prices, but is attenuated by the prominence of the businessman in the network.     

Estimation and inference for spatial models with heterogeneous coefficients: An application to US house prices

This paper considers the estimation and inference of spatial panel data models with heterogeneous spatial lag coefficients, with and without weakly exogenous regressors, and subject to heteroskedastic errors. A quasi maximum likelihood (QML) estimation procedure is developed and the conditions for identification of the spatial coefficients are derived. The QML estimators of individual spatial coefficients, as well as their mean group estimators, are shown to be consistent and asymptotically normal. Small‐sample properties of the proposed estimators are investigated by Monte Carlo simulations and results are shown to be in line with the paper's key theoretical findings, even for panels with moderate time dimensions and irrespective of the number of cross‐section units. A detailed empirical application to US house price changes during the 1975–2014 period shows a significant degree of heterogeneity in spatiotemporal dynamics over the 338 Metropolitan Statistical Areas considered.     

Geopolitics,Eurasianism and Russian Foreign Policy Under Putin

This article interprets the strategies that have been associated with the war on terror against the backdrop of historical geographies of colonial violence and dispossession. It joins those who argue that wider anxieties about the sources of danger, criminality, violence and terror have become intertwined. These reveal as much about sensibilities of race, class and ‘security’ as they do objective dangers. Thus the article considers how, drawing on the British case, detentions and deportations marked by race are connected with and form part of an overlapping regime of ‘security’, ‘immigration’ and asylum. This is exemplified via an account of the trajectory British sovereign territory of Diego Garcia, leading to wider reflections on contemporary forms of sovereignty and the operation of ‘race’ in geopolitics.     

Relationships of retail brand manufacturers with retailers

Abstract

Previous researchers have discussed the convenience of manufacturing retail brands. However, they have seldom developed any empirical work. In this article we present an analysis framework to study the impact of the production of retail brands on the manufacturer's relationship with the retailer, depending on the manufacturer's competitive position in the brands they produce. The model presented is empirically tested through a covariance structure model. In order to do this, we use the data from a postal survey aimed at business units manufacturing retail brands in the Spanish market for mass commodity products.     

Foreign ownership and the export and import propensities of developing‐country firms

This paper uses micro‐data from the World Bank Enterprise Surveys 2002–06 to investigate how foreign ownership affects the likelihood of manufacturers in developing countries to export and/or import either directly or indirectly. Applying propensity score matching to control for differences across firms in terms of labour productivity and other characteristics, we find that foreign ownership raises the propensity of a firm to export by over 17 and the propensity to import by more than 13 percentage points. The effects are even bigger for countries with the lowest per capita income and institutional quality.     

Comment on “Heuristics in the strategy context” by Bingham and Eisenhardt (2011)

Bingham and Eisenhardt (2011) highlight the positive role of heuristics in the strategy context. They discuss four mechanisms through which heuristics have positive effects for strategy. The first mechanism—using a heuristic cue as a proxy for complex, correlated information—builds directly on Gigerenzer's research on positive heuristics. The second (capturing a window of opportunity) and third (providing some direction while allowing freedom to improvise) mechanisms, combine Gigerenzer's ideas with Eisenhardt's earlier work. The fourth one relates to coordination. In this commentary, we critically evaluate the applicability of these four mechanisms in the strategy context, which differs fundamentally from Gigerenzer's context. Our primary contribution is the explication of central limitations in the ways heuristics can function in the strategy context. Copyright © 2014 John Wiley & Sons, Ltd.     

Individual Attitudes Toward Others,Misanthropy Analysis in a Cross‐Country Perspective

While misanthropy has been analyzed taking into account one country and just comparing results, we employ the 2004 International Social Survey Program data set and assess its determinants from a cross‐country analysis by considering personal characteristics and country effects. Findings indicate that misanthropy is explained by sociodemographic and economic characteristics (being a woman, education, and marriage reduce misanthropy while being young or poor, and self‐employment have the opposite effect). Country effects result significant consequently, some environmental factors play a relevant role. Finally, we add new elements to the discussion by showing a strong relationship among our misanthropy ranking and two corruption perception rankings.     

The role of usability on stimulating SME’s on line buying intention: an experiment based on a ficticius web site design

The focus of the present paper was to identify the key role of usability in SME’s Website design. A conceptual model has been proposed to show how buying intention antecedents are reinforced in highly usable contexts. The model is founded on the relationships between usability, perceived risk, pleasure attitudes and buying intention. To test our model an “ideal” fictitious Website was designed by two graphic designers for a non existent small clothing company directed at the segment of middle class consumers. Manipulating the usability of this Website, another week navigable Website was created to apply our model in a different context. This experiment prepared based on the results previously obtained through a qualitative study developed through seven focus groups. Results show that Internet user develops positive attitudes when navigating through simple, fast and orderly (usable) SME’s Websites. This leads to greater buying intentions. Also, as perceived risk decreases the Internet user’s buying intention increases significantly.     

消费“降级”风暴凶猛而来

在充满惊涛骇浪的时期，经济危机如何影响全球消费者的行为？企业应该采取何种措施赢得这些消费者？这是否意味着消费升级、利润丰厚的奢侈品以及“大众精品”将要消失？