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by Leung Hon-Kit. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1992. / Includes bibliographical references (leaves 92-93). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / ACKNOWLEDGEMENTS --- p.vi / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- METHODOLOGY --- p.5 / "An Account of Telecommunications Deregulation in the U.S., U.K. and Japan" --- p.6 / Major Determinants of International Telephone Demand --- p.7 / Sources of Data --- p.7 / Analysis Method --- p.9 / Chapter III. --- MODELS AND RESULTS --- p.11 / Econometric --- p.11 / Box-Jenkins --- p.29 / Chapter IV. --- SUMMARY AND CONCLUSIONS --- p.38 / Multi-Carriers Effect --- p.39 / IVANS/Leased Circuit Effect --- p.41 / Price Elasticity of Demand --- p.42 / Impact on Dominant Carriers --- p.43 / Inference to Hong Kong Situtation --- p.44 / APPENDIXES --- p.46 / Chapter A. --- Traffic Statistics --- p.46 / Chapter B. --- Collection Charge Statistics --- p.54 / Chapter C. --- Economic Statistics --- p.56 / Chapter D. --- Charts of U.S. Telephone Traffic to Hong Kong and ARIMA Modelling --- p.59 / Chapter E. --- Charts of Hong Kong Telephone Traffic to US and ARIMA Modelling --- p.64 / Chapter F. --- Charts of UK Telephone Traffic to Hong Kong and ARIMA Modelling --- p.70 / Chapter G. --- Charts of Hong Kong Telephone Traffic to U.K. and ARIMA Modelling --- p.75 / Chapter H. --- Charts of Japan Telephone Traffic to Hong Kong and ARIMA Modelling --- p.80 / Chapter I. --- Charts of Hong Kong Telephone Traffic to Japan and ARIMA Modelling --- p.85 / Chapter J. --- Plots of Residuals of the Econometric Models --- p.90 / BIBLIOGRAPHY AND REFERENCE --- p.92

Thesis (MEcon)--Stellenbosch University, 1997. / ENGLISH ABSTRACT: On 31 March 1990 the South African Transport Services (SATS) ceased to exist and on 1 April 1990 in its place emerged Transnet, a diversified transport company wholly owned by the South African government. Transnet was founded on the understanding that the government might eventually choose to sell it to the private sector. This study project report discusses the history and events leading up to the creation of Transnet. Thereafter the advantages and disadvantages of privatisation are identified, followed by international privatisation case studies which provide the basis for a discussion of some of the economic issues behind railway privatisation. The separation of infrastructure from operations, which was identified through the case studies as one of the most controversial and far-reaching concepts of railway privatisation, is also examined. Lastly, the study project focuses on the marketing strategy Spoornet ought to pursue in order to ensure sufficient high-value freight in the future. / AFRIKAANSE OPSOMMING: Op 31 Maart 1990 het die Suid-Afrikaanse Vervoerdienste ophou bestaan en is dit op 1 April 1990 vervang deur Transnet, 'n gediversifiseerde vervoermaatskappy wat deur die Suid-Afrikaanse regering besit word. Van meet afwas dit die bedoeling dat die regering die keuse het om Transnet aan die privaatsektor te verkoop. Die werkstuk bespreek die geskiedenis en gebeure wat aanleiding gegee het tot die ontstaan van Transnet. Daarna word die voor- en nadele van privatisering bespreek, gevolg deur internasionale spoorwegprivateriseringsgevallestudies. Daarna word die ekonomiese teorie wat privatisering onderle, bespreek. Die skeiding van infrastruktuur en bedryf, wat deur die gevallestudies as een van die mees omstrede en verreikende aspekte van spoorwegprivatisering ge"identifiseer is, word ook bespreek. Laastens fokus die werkstuk op die bemarkingstrategie wat Spoornet behoort na te streef om hoe-waarde vragte te bekom.

published_or_final_version / Business Administration / Master / Master of Business Administration

published_or_final_version / Business Administration / Master / Master of Business Administration

<p>This research report examined the key policies of globalisation namely, privatisation and deregulation of services and also their implication on the Tri-partite alliance. Because they have impacted negatively on major economic sectors, particularly to those that help the needy. Therefore, the study explores these initiatives, which has been debatable in South Africa under the dominant understanding of &lsquo / progress&rsquo / or &lsquo / development&rsquo / .</p> <p><br /> The Objective of the study is to lay the basis for the examination and evaluation of policy option with regard to privatisation and deregulation of services in South Africa and to engage South Africa effectively in global policy debates and adjust in global trends and negotiations within the region (SADC) and other international countries. It examines global challenges and opportunities / threats for South Africa as a developing country in the emerging global order.</p> <p><br /> This study also attempts to provide answers to several questions concerning privatisation and deregulation of public services in South Africa. To the poor, is deregulation and privatisation of state assets threatening to become the new apartheid, which is an instrument of exclusion, not just from a better life but even from the very basic services? How are workers and including the poorest of the poor affected by the status of deregulation and privatisation? Do the timing and specifics of these processes matter? Who should attempt to regulate the auction, as some of government officials seems to be corrupt? And which prior restructuring policies are worth implementing?</p>

This thesis is a collection of three essays with contributions to the empirical literature on banking and the lending channel of monetary policy. The first essay on monetary policy identification addresses the endogeneity of the monetary policy measure employed in most bank level studies of the lending channel. It shows how an identified, exogenous measure of policy evokes different lending dynamics in U.S. commercial banks compared to the standard endogenous measure of monetary policy. The second essay empirically assesses the impact of financial deregulation on the lending channel in the U.S. In particular, it analyses how the gradual phasing out of deposit rate ceilings commonly known as Regulation Q significantly altered bank level frictions as well as the transmission of monetary policy to individual bank lending. While the first two essays consider U.S. bank level data, the third essay analyses individual bank level lending responses in the euro area. Its contribution lies in the construction of a range of exogenous and unanticipated monetary policy shocks as well as in the introduction of a financial conditions index into standard lending regressions. It finds that the lending responses of individual banks to monetary policy do not support the existence of a separate lending channel in the euro area. Further, equilibrium lending responses to policy as measured by a range of policy shocks is non-linear in financial conditions. Specifically, financial conditions as measured by the relative performance of a broad index of euro area banking stocks to the overall euro area stock market reverse the impact of monetary policy on lending.

Countries with high levels of growth-fostering business deregulation for domestic small and medium scale enterprises (SMEs) appear to attract more FDI inflows than countries with low levels of business deregulation. This may be because SMEs in such deregulated countries attract ample cross-border mergers and acquisitions (M&As), which are a major conduit of FDI inflows. This study therefore investigates the relationship between FDI inflow and business deregulation. The study employs a triangulation of quantitative research methodologies and a panel data of 154 countries to analyze the relationship between FDI and deregulation. Results from the study generally show that there are statistically significant and inversely proportional relationships between inbound FDI and the deregulation of: (i) starting a business, (ii) paying taxes, and (iii) export trading, by a country‘s domestic SMEs. The study also documents positive correlations between cross-border M&As and inbound FDI. Thus, countries are likely to attract more FDI inflows, especially through cross-border M&As, as they deregulate the: starting of businesses, payment of taxes and exportation of products for their domestic SMEs. Therefore, on policy front, it is recommended that in order to enhance FDI inflows, countries ought to deregulate these areas of infringement to efficient running of SMEs; this finding provides a complementary and/or substitute policy to the popular outward-looking incentive programs for attracting FDIs.