This paper assesses the relative importance of alternative explanations for the rise in long-term interest rates in the United States from October 1993 to April 1994. Standard econometric models of the term structure are shown to have a structural break in the early 1980s. An important reason...

This paper identifies four approaches to resource allocation decisions in public services from the literature: a rational approach using devices such as budgets, cost-benefit analysis, statistical techniques, etc.; non-rational approaches such as satisficing, muddling through, and garbage can...

Management accounting provides a range of non-directive techniques that can be adopted, implemented and discarded at the organization's will. Management accounting is embedded in routines that satisfy the definition of dynamic capabilities because those routines aid organizations to achieve new...

Empirical work in labour economics has focused on rent sharing as an explanation for the observed correlation in cross-sections between wages and profitability. The alternative explanation of risk sharing between workers and employers has not been tested. Using a unique panel data set for four...

Africa's trade is impeded by poor infrastructure. Inadequate transport infrastructure raises costs analogous to trade barriers, while inadequate power discourages investment. Yet Africa's infrastructure needs greatly exceed its capacity to finance them. There is therefore a need, and an...

This paper reviews the origins and development of the value chain (Porter,1985) and its development into value shops and value networks. We argue that these “value models” pay insufficient attention to the increasing role of information and communications technology (ICT) or to the emergence...

The notion of police performance needs to be unpacked into what is done; how it is done; and the results of what is done. But performance indicators are inextricably bound up with the objectives of policing. The change in these objectives and in police performance indicators that have taken place...

Effective knowledge management is as important to policing as to any other public (or private) sector organization in terms of improving performance. This article reviews the literature of knowledge management in policing, set in the context of the public criticism of intelligence systems in the...