The relationships between real wages, output per capita, inflation and unemployment in Italy between 1970 and 1994, are modelled using a cointegrated vector autoregression. There is evidence of a change in the underlying equilibria and in the dynamic evolution of the variables, probably...

The relationship between wages, prices, productivity, inflation and unemployment in Italy, Poland, and the UK between the 1960s and the early 1990s is modelled as a cointegrated vector autoregression subject to regime shifts. For each of these economies there is clear evidence of a change in the...

The value of selecting the best forecasting model as the basis for empirical economic policy analysis is questioned. When no model coincides with the data generation process, non-causal statistical devices may provide the best available forecasts: examples from recent work include intercept...

This paper analyses the properties of mutual encompassing and its relationship to the KLIC equivalence between statistical models. It is shown that models are KLIC equivalent if and only if they are mutually encompassing and mutually Cox-encompassing. Further, within the exponential family...

The first part of this paper considers the cognition of individuals ans groups of individuals in the context of organisational project risk analysis and management, and attempts to characterise a set of models of cognition which may be of value as conceptual tools for risk analysts and managers....

This paper describes some preliminary findings of an ethnographic inquiry into a steel mill pruchased by its employees through a stock option scheme in the early 1980's to avoid closure by its parent company.

This paper presents the findings of a grounded theory study of the development of strategic ideas in a multinational organization. By drawing on the rich data generated from this longitudinal in-depth fields study, this paper provides a theoretical framework for the development of strategic ideas.

In this paper we analyse the efficiency of the Spanish Police Service using Data Envelopment Analysis (DEA). The analysis concentrates on the police activities related to the solving of crimes. The theoretical and empirical study of the policy production function under this dimension leads us to...