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Explicit Account (explicit + account)
Selected AbstractsRacial redistricting in the United States: an introduction to Supreme Court case law,INTERNATIONAL SOCIAL SCIENCE JOURNAL, Issue 183 2005Jean-François Mignot Racial redistricting is a form of territorial rearrangement of electoral districts implemented in the United States in 1990s. Its purpose and effect is to increase the number of districts with an African American or Hispanic majority in order to increase the number of elected officials from those minorities. Racial redistricting is thus a public procedure that takes explicit account of the ethno-racial identity of individuals. The emergence of racial redistricting is explained by the fact that, in the political and legal context of the late 1980s, the officials in charge of redistricting had a vested interest in adopting such a scheme in order to ensure their own continued presence in positions of power. However, racial redistricting had hardly been implemented than its constitutionality was challenged. The Supreme Court then defined the conditions for racial classifications to be validly taken into account in the redistricting process. The Court's complex case law is particularly concerned to make the account taken of racial factors in redistricting as invisible as possible. The objective is to ensure more complete integration of African Americans (and Hispanics) into the US political system. [source] The Role of Family Ties in the Labour Market.LABOUR, Issue 4 2001An Interpretation Based on Efficiency Wage Theory By casual empiricism, it seems that many firms take explicit account of the family ties connecting workers, often hiring individuals belonging to the same family or passing jobs on from parents to their children. This paper makes an attempt to explain this behaviour by introducing the assumption of altruism within the family and supposing that agents maximize a family utility function rather than an individual one. This hypothesis has been almost ignored in the analysis of the relationship between employers and employees. The implications of this assumption in the efficiency wage models are explored: by employing members of the same family, firms can use a (credible) harsher threat , involving a sanction for all the family's members in case of one member's shirking , that allows them to pay a lower efficiency wage. On the other hand, workers who accept this agreement exchange a reduction in wage with an increase in their probability of being employed: this can be optimal in a situation of high unemployment. Moreover, the link between parents and children allows the firm to follow a strategy that solves the problem of an individual's finite time horizon by its making use of the family's reputation. [source] Modelling Currency Crises in Emerging Markets: A Dynamic Probit Model with Unobserved Heterogeneity and Autocorrelated Errors,OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 4 2006Elisabetta Falcetti Abstract The paper investigates the causes of currency crises in emerging markets. We estimate the probability of a currency crisis by applying maximum smoothly simulated likelihood to a dynamic LDV model. This approach allows us to take explicit account of the existence of intertemporal links between crises. The results show that currency crises are influenced by real, monetary, debt and global variables. Past banking crises are significant determinants of the probability of currency crises. Moreover, countries that sharply devalued in the past are less prone to experience another currency crisis. We find evidence of unobserved heterogeneity, which may reflect differences in the countries' institutional/historical background. Finally, the determinants of currency crises differ by type of exchange rate regime. [source] Comparative Analysis of Ownership Transformation and Performance Relationship among Major and Regional Banks in AustraliaTHE AUSTRALIAN ECONOMIC REVIEW, Issue 2 2006Kandiah Jegasothy This article attempts to clarify existing doubts with respect to the performance of private and privatised banks versus public banks; that is, it is an attempt to clarify the ownership,performance relationship. The analysis takes explicit account of the privatisation transformation, including its intermediary stage, and the status of the economy. The ownership,performance model is estimated using cross-sectional time-series data and is used to test the influence of ownership changes on performance. Alternative performance measures are considered. The empirical findings show that ownership transformation in the case of regional banks has resulted in improved performance, whilst the benefits in the case of major banks were not significant, even though these banks have become more competitive. [source] | ||||||||||