Measuring Socio-economic Status in the Millennium Villages: The Role of Asset Index Choice

How are poverty analyses and poverty traps assessments affected by the choice among conventional methods of asset index construction? To address this question, this article uses panel data from four sites in the Millennium Villages Project (MVP) in Malawi, Tanzania, Mali and Ghana to study the relationship between eight asset indices and the sensitivity of findings related to poverty rates, poverty transitions and poverty traps to the index used. We find that although estimations of poverty rates and transitions are largely consistent across indices, evidence of poverty traps can be conditional on which asset index is used. The asset indices studied include structural income, principal components, factor analysis and a reduced set of assets reflecting the portfolio assessed in the Demographic Health Survey (DHS) data.     

What Drives Intermediate Local Governments’ Spending Efficiency: The Case of French Départements

The restructuring of the allocation of governmental competencies in France has increased the importance of subnational governments by transferring additional tasks. We analyse the efficiency of public spending on the intermediate government level for the 96 départements in metropolitan France in 2008. Spending efficiency is measured using Data Envelopment Analysis. Results indicate significant room for improvement and we detect an average spending inefficiency of 12%. To explain efficiency, a bootstrapped truncated regression is applied. The second-stage regression shows that efficiency is also determined by exogenous factors and identifies the distance to the national capital, inhabitants’ income and the share of inhabitants older than 65 as significant determinants of efficiency.     

Reinventing ‘new’ Europe: Baltic perspectives on transatlantic security reconfigurations

This article examines the self-positioning of the three Baltic states in international politics in relation to the major structural pressures challenging the status quo of the transatlantic security configuration. The constitutive role of the Russia-Georgia war of 2008, the global economic recession, the debt crisis in the eurozone, and the shifting policy preferences and force projection of the United States towards Asia are explored as the key sources of the emerging Baltic security predicament. The empirical conclusions of the poststructuralist discourse analysis conducted for this study demonstrate how the Baltic states, in particular Estonia, have recently come to redefine the contents of ‘new’ Europe, thereby shifting the extant fault lines within the European Union.     

Effectiveness of Ethics Codes in the Public Sphere: Are They Useful in Controlling Corruption?

This study aims at determining the real effect of the implementation of a code of ethics on the solution of ethical problems in the public sphere, considering corruption as the most important non-ethical behavior. With that aim, 154 national administrations whose information on ethical codes is available on the UN's website are analyzed.

Our findings stress the absence of any influence of codes on corruption problems in the public context, both in developed and developing countries. The level of education is the most important determining factor in the control of corruption, especially in developing countries.     

How Much Is Really Known About the Meaning of the Term “Conflict of Interest”?

Often codes of ethics require dealing with conflict of interest (CoI) without defining the boundaries of the phenomenon. In this case, CoI recognition is left to the discretion of the individual. The aim of this work is to answer to the following research questions: How much is really known about the meaning of the term CoI? Do individuals share the same CoI definition? In order to address these questions, we use the results of a questionnaire administered to 86 Italian public sector employees during some training courses on conflict of interest and corruption. The choice of this sample is particularly significant in that the Italian regulation provides for all public employees a code of conduct that requests avoiding, or at least disclosing, the CoI without prior definition of the meaning of the term. The results of our analysis show that public employees are uncertain about or come to different considerations of what CoI is and is not; consequently they deal with it in different ways. Thus, codes of conduct and ethics trainers should direct more attention on CoI definition, providing examples to facilitate its identification and resolution.     

The EU's security actorness: the case of EUMM in Georgia

This article addresses conceptually the European Union (EU)'s security actorness, explaining its meaning, identifying the factors that are constitutive to the concept, and analyzing whether the EU is a security actor in Georgia, through its increased presence and engagement in the country and its eventual implications for the South Caucasus. The article argues that the complementary nature of the different EU tools deployed on the ground and their comprehensive nature have contributed to the EU's consolidation as a security actor in the South Caucasus. However, and despite the successful assessments of the European Union Monitoring Mission in the context of common security and defense policy development, the mission's deployment and its contribution to regional stability are influenced to a great extent by the role and involvement of external players, in particular in this case, that of Russia.     

Reorganization in US and European Bankruptcy law

European countries have amended their bankruptcy statutes in the past decades to increase the likelihood of a company’s continuation in bankruptcy. Liquidation procedures are ill suited to realize the full value of the company as a going concern. An infusion of new finance raises company valuation and makes continuation through reorganization more likely. Reorganization preserves value, if general creditors as the main beneficiaries of reorganization play a crucial role in reorganization proceedings. Legal origins of national bankruptcy legislations are less important in explaining the incidence of reorganization than national attitudes towards failure and the prevalence of equity over debt finance. JEL Classification K12