Europe is not delivering on its commitment under the Lisbon agenda to increase its R&D-to-GDP ratio to 3% by 2010. But does the European Commission's practice of benchmarking each and every member state against the headline 3% figure make sense? R&D intensity is influenced by industrial...

This paper provides a "back-of-the-envelope" assessment of the efficiency effects of the reforms of the water sector in Argentina. Private operators are now key players in 15 of Argentina's provinces. While all have adopted incentive based regulatory regimes which require estimates of economic...