This study investigates the effects of fiscal policy on the U.S. economy within the confines of causality testing framework. A unidirectional causal flow is established from…
Abstract
This study investigates the effects of fiscal policy on the U.S. economy within the confines of causality testing framework. A unidirectional causal flow is established from nominal GNP to fiscal expenditures and deficits. Further testing of the data indicates that although fiscal policy does not affect real output, it impacts the CPI.
Heikki Hiilamo and Olli Kangas
In their income inequality theory (IIT), Richard Wilkinson and Kate Pickett posit that income inequality is at the heart of social “ills”. However, their critics argue that the…
Abstract
Purpose
In their income inequality theory (IIT), Richard Wilkinson and Kate Pickett posit that income inequality is at the heart of social “ills”. However, their critics argue that the hypothesis is biased and that “cherry picking” is used and support for the IIT is obtained by selecting a suitable sample of countries. The paper aims to discuss these issues.
Design/methodology/approach
With a sample of 127 countries, the authors study to what extent the correlation between income inequality and social “ills” varies among countries sampled by geography, religion and income level.
Findings
The results of the analysis show that the strength and sometimes the direction of connections between inequality and social “ills” vary according to countries’ cultural background and historical legacies. The IIT is not a universal law. However, it is on a firmer footing than competing explanations.
Originality/value
The results contribute both to material and methodological debate on consequences of income inequality.
Details
Keywords
The research practice in management research is dominantly based on structural equation modeling (SEM), but almost exclusively, and often misguidedly, on covariance-based SEM. The…
Abstract
Purpose
The research practice in management research is dominantly based on structural equation modeling (SEM), but almost exclusively, and often misguidedly, on covariance-based SEM. The purpose of this paper is to question the current research myopia in management research, because the paper adumbrates theoretical foundations and guidance for the two SEM streams: covariance-based and variance-based SEM; and improves the conceptual knowledge by comparing the most important procedures and elements in the SEM study, using different theoretical criteria.
Design/methodology/approach
The study thoroughly analyzes, reviews and presents two streams using common methodological background. The conceptual framework discusses the two streams by analysis of theory, measurement model specification, sample and goodness-of-fit.
Findings
The paper identifies and discusses the use and misuse of covariance-based and variance-based SEM utilizing common topics such as: first, theory (theory background, relation to theory and research orientation); second, measurement model specification (type of latent construct, type of study, reliability measures, etc.); third, sample (sample size and data distribution assumption); and fourth, goodness-of-fit (measurement of the model fit and residual co/variance).
Originality/value
The paper questions the usefulness of Cronbach's α research paradigm and discusses alternatives that are well established in social science, but not well known in the management research community. The author presents short research illustration in which analyzes the four recently published papers using common methodological background. The paper concludes with discussion of some open questions in management research practice that remain under-investigated and unutilized.
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THERE ARE at present several hundred students from West Africa in universities and technical colleges in the United Kingdom. It seems likely, therefore, that many readers of…
Abstract
THERE ARE at present several hundred students from West Africa in universities and technical colleges in the United Kingdom. It seems likely, therefore, that many readers of TECHNICAL EDUCATION come into daily contact with these students and that some remarks on the way English is spoken in West Africa may not be out of place.
This paper investigates the short‐run and the long‐run relationship among productivity growth, inflation and monetary policy in the U.S. economy. Under the trivariate ECM…
Abstract
This paper investigates the short‐run and the long‐run relationship among productivity growth, inflation and monetary policy in the U.S. economy. Under the trivariate ECM analysis, the test results indicate that it is monetary policy which plays the predominant role in the relationship under investigation.
Describes how the former warehouse manager at UK furniture‐installation company Rubicon Developments Ltd was trained to become a top manager and so free the firm's two directors…
Abstract
Purpose
Describes how the former warehouse manager at UK furniture‐installation company Rubicon Developments Ltd was trained to become a top manager and so free the firm's two directors to spend more time obtaining new business and diversifying the company.
Design/methodology/approach
Explains the background to the training, the form it took and the results it has achieved.
Findings
Details how the directors delivered the 16‐week tailor‐made program, after themselves attending a course on preparing to teach in the lifelong‐learning sector.
Practical implications
Highlights how the ex‐warehouse manager developed new skills in areas such as cost management, report writing, delegation, conflict resolution, commanding respect in the workplace, finance, time management, project management, change management, sales and marketing, management reporting through Microsoft Excel charts, effective monitoring of quality systems and setting realistic targets.
Social implications
Highlights an important success in the area of lifelong learning.
Originality/value
Reveals that close monitoring of the employee's progress helped him to complete the program within the allotted 16 weeks, even though he had done little studying in the previous 30 years.
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Preston Witts reports on industry's disturbing tendency to pass the buck on pollution control
The marginalisation of council housing in Britain since the Housing Act of 1980 threatens to obscure some of the very valuable lessons to be learned from almost a century of mass…
Abstract
The marginalisation of council housing in Britain since the Housing Act of 1980 threatens to obscure some of the very valuable lessons to be learned from almost a century of mass public housing provision. This chapter demonstrates that despite considerable economic problems, and in the face of social change since 1980, a relatively poor council estate remained a site of social capital, and that women were particularly prominent in working with local agencies to solve problems.
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Community profiling several recent research studies (eg see NLW, June) have emphasised the need for more effective marketing of library and information services. A new CRUS…
Abstract
Community profiling several recent research studies (eg see NLW, June) have emphasised the need for more effective marketing of library and information services. A new CRUS publication is intended to help librarians set about the task of gathering the necessary information to do this properly. Community profiling in the library context aims to define a community in a way which is relevant to the planning and evaluation of library services, but different types of community require different approaches. Christina Beal has now written a comprehensive report covering the different methods possible. Community profiling for librarians (CRUS Occasional Paper 12) costs £17.50 from Consultancy and Research Unit, Department of Information Studies, University of Sheffield, Sheffield S10 2TN (Tel: 0742‐738608).
Industry is paying well over the odds for its energy supplies, claim Britain's flourishing band of fuel cost ‘watchdogs’. Tariff rates are by no means as fixed as many companies…
Abstract
Industry is paying well over the odds for its energy supplies, claim Britain's flourishing band of fuel cost ‘watchdogs’. Tariff rates are by no means as fixed as many companies believe, and a bit of haggling with the utility boards invariably results in cheaper bills, reports Leslie Kenton.