BUSINESS & ECONOMICS SOCIETY INTERNATIONAL

CONTENTS

Clair Brown, University of California - Berkeley, USA p.1
MANAGING CREATIVITY AND CONTROL IN INNOVATION

John F. Quinn, University of Dayton, USA p.19
ORGANIZATIONAL INTEGRITY AND QUALITY: A MANDATE FOR
GLOBAL BUSINESS

Louis M. Seagull, Lubin School of Business - Pace University, USA p.52
AIRPORT PRIVATIZATION IN THE USA

Edeltraud Hanappi-Egger, University of Technology, Austria p.59
Hardy Hanappi, Academy of Sciences, Austria
Savvas Katsikides, University of Cyprus, Cyprus
TRANSFERRING CONTROL TO (SEMI-)AUTONOMOUS WORKING
GROUPS: A GAME-THEORETIC DESCRIPTION

Inger Boyett, University of Nottingham, UK p.68
Donald Finlay, Coventry University, UK
ENTREPRENEURS AND INNOVATIVE ORGANIZATIONS: HOW
ECONOMIC THEORY CAN MODEL THE PROCESS OF
ORGANIZATIONAL INNOVATION

Adrian Carr, University of Western Sydney, Australia p.80
Pekka Pihlanto, University of Western Sydney, Australia
CAN WE TURN GOVERNMENT OVER TO THE MARKET?:
A CRITIQUE OF THE MARKETIZATION OF GOVERNMENT ACTIVITY

Priscilla R. Reis, Idaho State University, USA p.89
INTRODUCTION TO THE PENTACLE PERFORMANCE
MEASUREMENT SYSTEM

Erne Houghton, University of Sydney, Australia p.96
Victor Portougal, University of Auckland, New Zealand
SEAMLESS PRODUCTION

D.E. Allen, Edith Cowan University, Australia p.106
N. Souness, Edith Cowan University, Australia
NORMAL BACKWARDATION ON THE SYDNEY FUTURES
EXCHANGE: HOW NORMAL IS THE SFE?

George A. Petrochilos, Coventry University, UK p.117
THEORY, POLICY AND PRACTICE OF GREEK OUTWARD
FOREIGN DIRECT INVESTMENT

Georgios Chortareas, University of Connecticut, USA p.128
Titos Ritsatos, University of Connecticut, USA
James Sfiridis, Central Connecticut State University, USA
EMERGING STOCK MARKET REACTION TO THE LIBERALIZATION
OF CAPITAL FLOWS: THE CASE OF GREECE

Gerrit J. Sandrock, First National Insurance Co., South Africa p.140
G.S. Du Toit, University of South Africa, South Africa
CRITICAL FACTORS FOR THE FINANCIAL SUCCESS OF
SOUTH AFRICAN SHORT-TERM INSURERS

David Floyd, University of East London, UK p.152
FOREIGN DIRECT INVESTMENT IN POLAND: IS LOW COST
LABOUR REALLY THE KEY DETERMINANT? A TEST OF THE MAIN
DETERMINANTS - FURTHER EMPIRICAL RESULTS

David Floyd, University of East London, UK p.157
MEASURING THE IMPACT OF FOREIGN DIRECT INVESTMENT
ON THE POLISH ECONOMY

John Marangos, Monash University, Australia p.162
THE MARKET AND POLITICAL FREEDOM

Henry Thompson, Auburn University, USA p.168
GLOBALIZATION AND INCOME DISTRIBUTION: ACROSS AND
WITHIN COUNTRIES

Tadashi Inoue, Hosei University, Japan p.173
ON THE TWO SECTOR GROWTH MODEL WITH ADJUSTMENT
COSTS OF INVESTMENT

Gloria Gonzalez-Rivera, University of California-Riverside, USA p.190
TIME SERIES TESTING AND ENDOGENOUS GROWTH

Ioannis N. Kallianiotis, University of Scranton, USA p.202
Joseph Khazzaka, University of Scranton, USA
EUROPEAN UNION: PRODUCTIVITY, UNEMPLOYMENT,
AND EDUCATIONAL EXPENDITURE

Pedro J. Gutierrez, Universidad de Valladolid, Spain p.214
TECHNOLOGIES, UNCERTAINTY AND INVESTMENT IN A
GENERAL EQUILIBRIUM MODEL

Demetrios Giannaros, University of Hartford, USA p.227
Bharat Kolluri, University of Hartford, USA
Michael Panik, University of Hartford, USA
DOES THE SIZE OF GOVERNMENT DETERMINE PRIVATE
CAPITAL INVESTMENT? AN INTERNATIONAL EMPIRICAL
INVESTIGATION

George Agiomirgianakis, Southampton Institute, UK p.238
Athina Zervoyianni, University of Patras, Greece
INTERNATIONAL MOBILITY OF LABOUR AND MONETARY
POLICY IN A SMALL OPEN ECONOMY

Alex Kondonassis, University of Oklahoma, USA p.255
A.G. Malliaris, Loyola University of Chicago, USA
THE EUROPEAN MONETARY UNION IN TRANSITION

Stefan C. Wolter, Swiss Federal Office for Industry and Labor, Switzerland p.262
Rainer Helfenstein, Swiss Federal Office for Industry and Labor, Switzerland
UNEMPLOYMENT, CONSUMER CONFIDENCE AND
PRIVATE CONSUMPTION

Hyun-Hoon Lee, Kangwon National University, Korea p.273
Yongkyun Chung, Hankuk University, Korea
REAL OUTPUT AND INFLATION IN A SMALL ECONOMY:
THE CASE OF KOREA

Christoff Scherrer, Free University of Berlin, Germany & Harvard University, USA p.284
SOCIAL CLAUSES IN INTERNATIONAL TRADE AGREEMENTS:
THEORETICAL ISSUES AND EMPIRICAL EVIDENCE

Abdol Soofi, University of Wisconsin, USA p.297
DO SHOCKS TO EXCHANGE RATES PERSIST? EVIDENCE
FROM PARALLEL MARKET EXCHANGE RATES

Jon Haveman, Purdue University, USA p.309
Usha C. Nair, Georgia Institute of Technology, USA
Jerry Thursby, Purdue University, USA
THE EFFECTS OF PROTECTION ON THE PATTERN OF TRADE:
A DISAGGREGATED ANALYSIS

Jeong-Yoo Kim, Dongguk University, Korea p.321
INCENTIVES TO ACHIEVE MUTUAL COMPATIBILITY IN A
MARKET WITH SWITCHING COSTS

Kala Krishna, Pennsylvania State University and NBER, USA p.333
Suddhasatwa Roy, University of the West Indies-Mona, Jamaica
Marie Thursby, Purdue University, USA
PROCOMPETITIVE MARKET ACCESS

Henry Grabowski, Duke University, USA p.343
POLICY AND PHARMACEUTICALS

Andy Barnett, Auburn University, USA p.350
Henry Thompson, Auburn University, USA
PRIVATIZATION AND DEREGULATION OF THE
ELECTRICITY INDUSTRY

Ioanna Reziti, Centre of Planning and Economic Research, Greece p.359
Anthony N.Rezitis, North Carolina State University, USA
MEASURING FACTOR BIASED TECHNOLOGICAL CHANGE
IN GREEK AGRICULTURE

Clive Collis, Coventry University, UK p.371
Tony Mallier, Coventry University, UK
James Smith-Canham, Coventry University, UK
OLDER WORKER EMPLOYMENT TRAINING IN BRITAIN

Delano E. De Witt, Executive - Human Resources p.380
Barney J. Erasmus, University of South Africa
ORGANISATION TRANSFORMATION FOR THE 21ST CENTURY:
A HUMAN RESOURCE CHALLENGE IN A SOUTH
AFRICAN ORGANISATION

Stephen Connolly, Glasgow Caledonian University, UK p.392
THE MEASUREMENT OF ADDITIONALITY: A CASE STUDY
OF THE UK NATIONAL LOTTERY

Glenna Graves, Midway College, USA p.405
CULTURAL VALUES AND ECONOMIC DEVELOPMENT

Khalid R. Mehtabdin, The College of Saint Rose, USA p.416
Donald Dean, The College of Saint Rose, USA
A PANACEA FOR EAST EUROPEANS TO ORGANIZE THEIR
MACROECONOMIES FOR A GLOBAL ENVIRONMENT

Wan Rohana Ahmad Merican, Mara Institute of Technology, Malaysia p.423
Kwame Ampofo-Boateng, Mara Institute of Technology, Malaysia
Azliya Jamil, Mara Institute of Technology, Malaysia
Bruce Wiegand, University of Wisconsin-Whitewater, USA
ADAPTATION TO TECHNOLOGICAL CHANGES: A CASE STUDY ON A
MULTINATIONAL CORPORATION IN MALAYSIA

Marilyn Kent, Washburn University, USA p.433
Margaret Stewart, Washburn University, USA
Gary Baker, Washburn University, USA
WRITING ACROSS THE CURRICULUM

Author Index p.439