Portfolio models and planning for export diversification: Malawi,Tanzania and Zimbabwe

Evidence is presented regarding strengths and limitations of portfolio approaches as applied to diversifying export earnings. An empirical application using data from Malawi, Tanzania, and Zimbabwe is used to demonstrate these strengths and limitations. Modifications of the typical portfolio approach to export diversification are presented; these modifications help make the approach more plausible for use in developing countries. The modified approach is shown to provide guidance to policymakers who seek simultaneously to increase export earnings and reduce their instability.     

Critical reactions to the japanese management model: A public sector perspective

Because there has been considerable interest in the Japanese management model, this study explores its limitations for the American setting and particularly the American public sector. These limitations include (1) cultural barriers, (2) the incompleteness of the model, and (3) undesirable elements in the model. This analysis concludes that there is little new in humanistic or participative terms to be found in the Japanese approach. Despite several objectionable elements in the model, some of its devices are instructive and may be carefully adapted to public sector use, but adoption of the whole model is unlikely and undesirable.     

An analysis of offer functions of banks and credit unions in Guatemala

Economists have sought to identify institutions which might fill the gap in household access to credit arising from rationing by formal lenders. Credit unions have been identified as institutions which might use informational and monitoring advantages to fill that gap. Using information on household perceptions of their access to credit, this article analyses the impact of certain credit unions on the access to credit of households in Guatemala. Regression results indicate that credit unions serve markets unserved by formal lenders and that information on household perceptions of their access to credit is important in making inferences about lender lending activities.     

5.5 Transportation

Since the early 1990s, reports on topics ranging from neighbourhood renewal and low demand to social exclusion have highlighted the damaging effects of anti-social behaviour. Local authorities are urged to develop a 'holistic' response to anti-social behaviour. Recent research into the effectiveness of legal remedies reveals a tension between attempts to address the underlying causes of anti-social behaviour and the government's emphasis on legal action to control and punish perpetrators. Drawing on this research, the article examines why many landlords are still evicting perpetrators rather than dealing with the underlying causes of their behaviour. The article concludes by outlining the barriers that landlords and other agencies must overcome in order to develop a holistic approach to the problem.     

Der sogenannte Auffüllungsanspruch bei der Mietkaution – insbesondere in der Insolvenz

In einem rezenten Judikat hatte sich der OGH mit einer zentralen Frage zur Mietkaution zu befassen. Entscheidungswesentlich war, ob und aus welchem Rechtsgrund der Bestandgaber im Fall von Mietzinsrückständen die Wiederauffüllung der vom Bestandnehmer bestellten Kaution auf den ursprünglichen erlegten Betrag verlangen kann. Zu prüfen war dabei auch die Behandlung dieses Anspruchs in der Insolvenz des Bestandnehmers. Der Beitrag stellt die wesentlichen Aussagen der Entscheidung vor, analysiert ihre Konsequenzen kritisch und zieht Schlussfolgerungen für die Praxis.