Human capital,investment and growth: Some results from an endogenous growth model

Recent theoretical literature on the sources of economic growth has emphasized the role of human capital as an internal contributing force in the growth process. Empirical results reported in this paper provide support for this theoretical proposition. Cross-country data from 32 developing countries indicate that human capital (as alternatively measured by the primary school enrollment rate or the adult literacy rate) exerts a significant positive impact upon output growth.     

B‐TO‐B E‐COMMERCE: A CONTENT ANALYTICAL ASSESSMENT OF MOTOR CARRIER WEBSITES

An Internet presence is a critical early component in the process of building towards a fully operational and unified e‐commerce strategy. E‐commerce has significantly impacted logistics/supply chain strategies and the development and implementation of a website have become key issues for many firms within the transportation industry. This study provides an overview of website content within the motor carrier industry. Content analysis was used to assess the site design, informational content, and the interactive content of 152 motor carrier websites, and to compare the features offered on the Top 100 motor carrier firm websites with those offered on the sites of smaller carrier firms.     

Constraints on benthic algal response to nutrient addition in oligotrophic mountain rivers

Nutrient availability has long been considered one of the most important factors regulating production of benthic algae in oligotrophic rivers; yet, empirical relationships do not have as wide an application as similar models derived for lentic systems. The aim of this research was to derive empirical relationships between nutrient concentrations and benthic algal abundance and to identify commonalities with other studies to improve our understanding of constraints on algae in oligotrophic rivers. Surveys of physical, chemical and biological attributes of oligotrophic mountain rivers in spring, summer and autumn for 2 years confirmed that small amounts of anthropogenic phosphorus (0.1–5.6 µg/L total phosphorus (TP)) resulted in 4‐ to 30‐fold increases in abundance of benthic algae and benthic macroinvertebrates (BMIs). Algal accrual along a gradient in nutrient availability was not masked by grazing pressure but was positively correlated with abundance of scrapers. Epilithic abundance was highest downstream of anthropogenic nutrient sources in autumn. We concluded that benthic algal abundance in these mountain rivers was weakly correlated with phosphorus availability if light was not limiting but ultimately controlled by temperature and river discharge. Therefore, we recommend more direct measures of nutrient limitation be used to predict changes in ecological integrity at the lower end of the resource gradient. Copyright © 2007 John Wiley & Sons, Ltd.     

Evaluation of rainfall networks using entropy: II. Application

This paper, the second in the series, applies the entropy approach to space and time evaluation of rainfall networks in Louisiana. The evaluation is made for five sampling intervals: daily, 2-day, weekly, monthly, and yearly, and for two separate seasons. In each case, the best combination of raingages is suggested and the lines of equal information (isoinformation contours) are constructed showing the areas of greater or less information transfer. The isoinformation lines are especially suitable in decisions concerning the expansion of the existing network or deleting the unnecessary raingages.     

Globalization frustrated: The case of white goods

This paper challenges the common view that mature industries are always ripe for global strategies. Based on data from the European Domestic Appliance industry, this paper shows how changing economic conditions can diminish the value of global strategies. Critical in these shifts were simultaneous rises in demand for variety (that eroded the benefits of scale and continental market share) and decreases in manufacturing scale (that permitted new supply options), which reduced the extent of the strategic market to national dimensions. They added complexity that decreased the profitability of the global players and increased that of national strategies. The fluctuating fortunes of leading firms are shown to have been caused primarily by choices of strategy, not by national factor costs.     

Changes in the EC licensing environment and their effect on licensing as a strategy for Europe 1992

The further integration of the European Community (EC) is intended to create one large, integrated market and a semistandardized business environment throughout the member countries. This study investigates the current status of the technology licensing environment in the EC and analyzes the returns that a licensor can achieve by locating a licensee in each of the EC countries. This analysis may be important to any firm which has chosen a licensing strategy as its approach to operating in the EC, because locational choice of licensee can affect a licensor's financial returns.     

Information Disclosure to Employees and Rational Expectations: a Game-Theoretical Perspective: a Comment

In this comment we identify the key features of the Frantz and Walker (1997) game theoretic model that drive the non-disclosure equilibrium result in their paper. We argue that, although technically correct, their model fails to capture certain aspects of real-world wage bargaining that will be important in determining optimal disclosure strategies in practice. However, Frantz and Walker's paper illustrates the potential of analytical techniques to contribute to the employee disclosure debate.     

Decentralization and Pay Reform in Central Government: a Study of Three Countries

Over the past decade central governments of the UK, Sweden and Australia have been engaged in significant reforms in the way they pay their employees. These reforms have generally taken the form of the decentralization of pay bargaining and the individualization of pay. This paper details the policies that have been implemented in central government in these countries and presents some preliminary results on the effects of these. While the actual implementation has varied quite substantially across the countries and the analysis of the outcomes must be regarded as preliminary, there is some evidence that the reforms have led to an increase in earnings dispersion.