Notwithstanding its admission to the EU, agricultural restructuring and sustainable rural development remain as major transition challenges confronting Poland. Achieving these joint goals will necessitate major labour flows from farming into other occupations and sectors. This paper employs a...

Recent research by Gu and Wu (2003) and Basu and Markov (2004) suggests that the well-known optimism bias in analysts’ earnings forecasts is attributable to analysts minimizing symmetric, linear loss functions when the distribution of forecast errors is skewed. An alternative explanation...

Data envelopment analysis (DEA) and multilevel modelling (MLM) are applied to a data set of 54578 graduates from UK universities in 1993 in order to assess the teaching performance of universities. A methodology developed by Thanassoulis & Portela (2002) allows each individual's DEA efficiency...

The Government and its agencies have seriously overestimated the impact of the specialist schools programme on educational attainment. The substantially higher exam scores achieved on average by schools with specialist status are due primarily to sample selection bias and not to any benefits...

Panel data from the United Kingdom are used to estimate a wage curve that allows simultaneously for time, individual, and spatial effects and which thus finesses the problem of grouped data bias. Once allowance is made for the multilevel and cross-classified nature of the data, estimates of the...

High unemployment continues to bedevil Poland, although the national picture masks striking spatial differences that this paper seeks to explain using a panel data set for the country’s NUTS 4 level powiats. Given the economy’s somewhat peculiar configuration throughout its...

Administered commodity price schemes in developing countries have proved ineffective in raising farmers’ incomes and price stabilisation through futures markets is increasingly advocated as the alternative policy objective. A potential difficulty is that farmers tend not to hedge...

A model is developed which allows us to examine the welfare effects of alternative methods of financing access to higher education. Under an extreme specification of the social welfare function, it is shown that it does not matter whether higher education is financed privately or through the...