This thesis aims at studying the issues of economic structure and resource allocation in development. Chapter 1 provides an introduction to economic development and gives an overview of this thesis. Chapter 2 reviews some theories and models about economic structure and structural change and points out that resource allocation is a critical factor in changing the economic structure. Five characteristics of economic structure and structural change are summarized. Essay 1 in Chapter 3 investigates the relationship between competitiveness and economic growth. Adopting the Global Competitiveness Index to represent competitiveness, we empirically show that there is a two-way causal relationship between competitiveness and economic growth. We further identify that the relationship between competitiveness and economic growth change in different development stages. Specifically, better competitiveness can enhance economic growth but not vice versa in developing countries. We therefore relate such a difference to the ability to transform resources into competitiveness. This is fundamentally a question about resource allocation. Finally, we link structural change with economic growth and show that enhancing competitiveness is equivalent to improving the capacity to change the economic structure. Essay 2 in Chapter 4 studies the impacts of sub-optimal resource allocation on economic growth by applying a new model to the case of the effectiveness of official development assistance (ODA). This new model analyzes economic growth through structural change by the difference between the observed and optimal levels of competitiveness. Regarding the positive and negative impacts of foreign aid on the receiving country in the literature, we show that the net impact of ODA depends on the value of bias caused by inefficient allocation of resources and the adoption of a biased value system. As a result, both positive and negative views of ODA in the literature are somewhat correct. In principle, ODA does work in the sense of helping needy countries providing they can allocate such additional resources efficiently. The cruel truth is that most receivers of ODA are unable to transform these resources to productive uses and even lower their economic growth. The development aid country donors or global institutions may therefore have to review their existing policy for granting aid.Essay 3 in Chapter 5 introduces a new framework to study two important structural issues in China: regional fragmentation and ownership distortion. We extend the output-oriented structural efficiency measure to include subgroups to evaluate potential gains of improving resource allocation within and among subgroups. The new framework is then applied to China's industrial sector. Applying our new method for policymaking, the empirical results advocate prioritizing ownership reform over regional reform in China. Specifically, by improving resource allocation among different ownerships, outputs of the whole industrial sector can be increased by 21% of the observed level. In contrast, the potential gains of reallocating resources between western and non-western regions are less than 1%. Such a conclusion cannot be drawn from other existing models of efficiency analysis. Finally, Chapter 6 concludes the whole thesis.

Competition between trade rivals in a marketplace operating within a common law-based legal system is regulated primarily by two fairly distinct branches of the law: the prohibitions against anti-competitive conduct imposed by the competition law framework, and the common law restraints against acts of “unfair competition” that attract liability under the economic torts. This dissertation aims to critically examine both these legal frameworks and provide an integrated account of how these branches of the law distinguish between lawful and unlawful modes of competitive conduct. By scrutinising the doctrinal and policy foundations that underlie each of these legal frameworks, common thematic strands that may not be immediately apparent to lawyers working exclusively in either field will be exposed, while fundamental differences between their respective inner workings will also be uncovered in the process. Engaging in such a comparative exercise will facilitate a deeper understanding of the contrasting objectives and jurisprudential approaches associated with each legal framework which, in turn, sheds some light on the nature of their relationship with each other and the extent to which legal developments in one field ought to influence, or be influenced by, the other. Besides evaluating how and why the common law economic torts operate differently from the competition law prohibitions in circumscribing the liberty of individual competitors to inflict economic harm upon their trade rivals, this dissertation will also analyse selected types of commercial conduct which are regarded as lawful under one framework but unlawful by the other, and contrast them with scenarios which could attract overlapping legal liability under both legal frameworks. In addition, this dissertation will explore a selection of legal issues arising from the doctrinal interaction between these areas of the law that may confront the courts as these two legal frameworks continue to develop in tandem with each other.

Airports and seaports have experienced significant governance reforms over the last few decades. As major airports are argued to have market power, they are subject to some form of economic regulation. Airports used to be subject to rate-of-return regulation. More recently, there has been a reform in airport economic regulation and they are increasingly being subject to incentive based price-cap regulation and light-handed regulation or monitoring. In the policy debate, it is of interest to analyse whether price-cap regulation and light-handed regulation of airports are superior to rate-of-return regulation. In the case of seaports, there has been a reform in their governance model and a large number of seaports now follow the landlord seaport model. In a landlord seaport, the port authority is responsible for monitoring and coordination while specialized private terminal operators are responsible for cargo handling and seaport operations. Policy debates have focused on whether the landlord seaport model leads to superior performance in comparison to the service seaport model where most responsibilities are handled by the port authority or the public sector. Airports and seaports are increasingly being regulated by independent regulators because they are not susceptible to regulatory capture. Policy debates have also focused on whether independent regulators lead to a superior performance in comparison to dependent regulators. The first part of this thesis focuses on airport regulation and its impact on efficiency. We conduct a literature review of the theoretical and empirical literature on airport regulation and efficiency. We find that dual-till price-cap regulation and light-handed regulation are preferable to rate-of-return regulation from an efficiency perspective. We also find that while light-handed regulation leads to efficient airports, it does not necessarily constrain airport charges and hence does not lead to the cheapest airports. We find that independent regulators enhance airport performance. With respect to slot allocation, we find that slot allocation is superior to queuing in terms of capacity, delay and congestion management. However, we find that slot allocation based on economic principles is superior to administrative slot allocation. In this part of the thesis, we also identify gaps in the empirical literature which require further analysis. The next part of the thesis focuses on the impact of governance on the technical efficiency of major Indian seaports. This chapter uses a non-oriented slacks based measure of technical efficiency in the first stage and a fixed effects regression in the second stage in order to analyse the impact of governance on the technical efficiency of the major Indian seaports. From the first stage, we find that most of the seaports have a scope for improvement in technical efficiency. From the second stage analysis, we find that specialization has the highest positive impact on technical efficiency. We hence propose that the major Indian seaports have to specialize because they can benefit from economies of scale. With respect to ownership, we find that external stakeholder participation has a significant positive impact on technical efficiency. This gives evidence that the landlord seaport model is conducive to enhanced technical efficiency. With respect to competition, we find that competition from the non-major Indian seaports from within the state and along the coast has a significant negative impact on the technical efficiency of the major Indian seaports. We argue that this is because of the tiered governance framework, which results in excess capacity at the major Indian seaports. We propose that the seaports should have a common governance, institutional and regulatory framework, which can enhance their performance. With respect to regulation, we find that rate-of-return regulation by an independent regulator is superior to internal regulation by the port authority in terms of technical efficiency. We argue that this is because the independent regulator is not susceptible to regulatory capture unlike the port authorities. The last part of the thesis focuses on the impact of governance on the technical efficiency of container ports from the Far East and Asian region. This chapter uses stochastic frontier analysis in order to estimate a production frontier. It makes use of a single step procedure which can be used to estimate the production frontier as well as to estimate the impact of the governance-related contextual variables on the technical efficiency of these container ports. We estimate the individual as well as the combined effects of the governance-related contextual variables on the technical efficiency of these container ports. From the individual effects model, we find that majority private container ports are significantly more technically efficient in comparison to minority private container ports. This gives evidence that the landlord seaport model is conducive to enhanced technical efficiency. With respect to competition, from the individual effects model, we find that both hinterland and transshipment competition enhance the technical efficiency of these container ports. With respect to regulation, from the individual effects model, we find that regulation by an independent regulator is the most conducive to enhanced technical efficiency. In the combined effects model, a majority private container port which faces high hinterland competition and has no economic regulation is taken as the base case. Most of the other combinations of the contextual variables result in a significantly lower technical efficiency in comparison to the base case. However, a majority private container port which faces low hinterland competition and either has no economic regulation or is regulated by an independent regulator is significantly more technically efficient in comparison to the base case. Our results further show that when a port is majority private and faces low hinterland competition, regulation by an independent regulator results in a significantly higher technical efficiency in comparison to having no economic regulation. We argue that this is caused because there is excessive entry and hence majority private container ports which face low hinterland competition and are regulated by an independent regulator are the most technically efficient. We propose that along with the setting up of independent regulators for container ports, policymakers should also ensure that entry is at an optimal level, which can result in competition that is effective and technical efficiency enhancing.

The airline industry has grown rapidly over the past few decades, recording a ten-fold rise in passenger numbers and a fourteen-fold increase in cargo volumes. This growth has created overwhelming value to airline passengers, employees, suppliers and the broader economy. Unfortunately, this industry has been affected by terrorism attacks, wars, revolutions, pandemic fears, earthquakes, volcanoes, failing economies and skyrocketing fuel prices all of which have negatively impacted on profitability and resulted in intense competition. Consequently, airlines have spent the last decade in survival mode having to adapt to harsh changes. Air Zimbabwe, a state-run organisation which operates in this highly regulated and turbulent industry, is faced with numerous micro and macro environmental challenges and has been purposively selected for this study. According to company statistics, the airline’s annual passenger uplifts have declined from a peak of over 1 million in the 1990s to less than 200 000 in 2011, with revenue generation declining in correlation. Whilst Air Zimbabwe has experienced depressed demand for its services, competitor airlines are recording brisk business. The aim of this study was to investigate how a struggling organisation, which operates in a turbulent environment, can improve its competitiveness and profitability by better understanding the impact of industry role players and adapting organisational strategies to industry variations. This study examined, from the point of view of the industry players themselves, the extent to which customers, suppliers, competitors, regulatory authorities, substitute products and new entrants have impacted on the competitiveness and profitability of the airline. Major findings reveal that an organisation cannot operate in isolation and be competitive or profitable, but constantly needs to analyse the industry environment in which it operates in and to amicably interact with other industry role players. The research outlines the need for competition in certain areas and cooperation in others. / Business Management / M. Com. (Business Management)

No description available.

La tesi esplora le sfide poste al diritto del lavoro e alla politiche europee dal distacco di lavoratori, illustrando le sue complesse relazioni con le libertà economiche da un lato e con i diritti sociali dall’altro. In particolare, si propone una analisi della normativa europea alla luce della sua interpretazione da parte della Corte di Giustizia Europea e della concreta applicazione da parte delle autorità pubbliche. Il lavoro è arricchito da evidenze di tipo quantitativo e qualitativo sui flussi e sulle condizioni lavorative dei lavoratori distaccati, incluse le attività e i risultati di progetti volti a migliorare la comprensione del fenomeno rafforzando, al contempo, le capacità di ispettorati e sindacati. Le conclusioni propongono diversi percorsi di riforma, ispirati da visioni alternative dell’equilibrio tra libertà economiche e diritti sociali. / The thesis explores challenges posed to labour law and to European policies by the posting of workers, highlighting its complex relations with economic freedoms on the one side and with social rights on the other side. This is done by providing an analysis of EU-level law provisions in the light of their interpretation by the European Court of Justice and implementation by public authorities. The work is integrated by quantitative and qualitative evidences on flows and working conditions of posted workers, including activities and outcomes of projects meant to improve understanding of the phenomenon while empowering stakeholders, such as inspectorates and unions. The conclusions propose different pathways to reform posting rules, inspired by alternative visions on the balance between economic freedoms and social rights.

Zugl.: Erlangen, Nürnberg, Universiẗat, Diss., 2006. / Includes bibliographical references (p. [667]-709) and index.

The airline industry has grown rapidly over the past few decades, recording a ten-fold rise in passenger numbers and a fourteen-fold increase in cargo volumes. This growth has created overwhelming value to airline passengers, employees, suppliers and the broader economy. Unfortunately, this industry has been affected by terrorism attacks, wars, revolutions, pandemic fears, earthquakes, volcanoes, failing economies and skyrocketing fuel prices all of which have negatively impacted on profitability and resulted in intense competition. Consequently, airlines have spent the last decade in survival mode having to adapt to harsh changes. Air Zimbabwe, a state-run organisation which operates in this highly regulated and turbulent industry, is faced with numerous micro and macro environmental challenges and has been purposively selected for this study. According to company statistics, the airline’s annual passenger uplifts have declined from a peak of over 1 million in the 1990s to less than 200 000 in 2011, with revenue generation declining in correlation. Whilst Air Zimbabwe has experienced depressed demand for its services, competitor airlines are recording brisk business. The aim of this study was to investigate how a struggling organisation, which operates in a turbulent environment, can improve its competitiveness and profitability by better understanding the impact of industry role players and adapting organisational strategies to industry variations. This study examined, from the point of view of the industry players themselves, the extent to which customers, suppliers, competitors, regulatory authorities, substitute products and new entrants have impacted on the competitiveness and profitability of the airline. Major findings reveal that an organisation cannot operate in isolation and be competitive or profitable, but constantly needs to analyse the industry environment in which it operates in and to amicably interact with other industry role players. The research outlines the need for competition in certain areas and cooperation in others. / Business Management / M. Com. (Business Management)

In this thesis an explorative study was undertaken with the aim to study how a number of private care providers, as well as politicians and officials from councils in and around the Stockholm and Uppsala counties, think about the future of the Swedish elderly care from a property perspective, i.e. homes for the elderly. The analysis shows that there is a demand for capacity in 6 out of 16 municipalities, and that the property is an important part of this capacity, and the fulfillment of it. This was mainly due to the cost of capital, but also because of several other factors such as lack of land, a wish to guide the design, ideology, and in many cases a wish to use the property as an instrument of domination to control private health care providers. Also, the property was show to be connected to economic competition, to freedom of choice, and to quality. The problems related to the property in the market for elderly care still remains to be solved. The writer of this thesis suggests that, among other things, patients should be treated as customers to a larger extent and problems that counter competition must be solved. Lastly, the writer has analyzed the situation in the Swedish market for elderly care from a value creation perspective. It is suggested that value can be created in both the network and within the company, even if the companies are competing, and thus ought to compete and not cooperate. / I denna uppsats har en explorativ studie företagits med målsättningen att undersöka hur ett antal privata vårdföretag samt politiker och tjänstemän från ett antal kommuner i och runt Stockholms- och Uppsala län tänker kring framtiden för den svenska äldrevården. Utgångspunkten har tagits ur ett fastighetsperspektiv, närmare bestämt vårdboenden. Bakgrunden ligger i det stora behovet av äldrevård som växer fram i Sverige och som beräknas nå sitt maximum kring 2035. Genom intervjuer har respondenterna fått svara på frågor om fastighetsbehovet, om konkurrens samt om, och i så fall hur, fastigheten kunde kopplas till kvalitet, valfrihet och konkurrens. Analysen visade att behov förekom i 6 av 16 kommuner, och att det påverkades av bland annat deras inställning till ägande och privata vårdgivare. Vidare visade sig fastigheten vara en viktig del i behovet och lösningen utav det samma, främst på grund av kapitalkostnaden, men också på grund av faktorer så som markbrist, en vilja att styra utformningen, ideologi och i flera fall en vilja att använda fastigheten som ett domineringsinstrument för att kontrollera privata vårdgivare. Konkurrensen sågs till viss del som ett utbyte framför en tävling. Slutligen framkom att fastigheten, om än som en underordnad komponent, kunde kopplas till konkurrens som nyss nämnda instrument, till valfrihet genom attraktivitet i läge och utseende, och till kvalitet som möjliggörare av effektiv vård och med rätt utformning. Fastighetsproblematiken i stort för vårdmarknaden, speciellt kopplat till LOV, återstår att lösa och författaren föreslår bland annat att vårdtagarna bör ses som kunder i större utsträckning och att konkurrenshämmande problem skall åtgärdas. Avslutningsvis har författaren analyserat situationen på den svenska vårdmarknaden ur ett värdeskapande perspektiv, kopplat till Porters, Stabell och Fjeldstads teorier om värdekedjor. En problematisk situation, sett till konkurrenskrafter på marknaden, iakttogs som orsak till att de privata vårdföretagen tycks medvetet eller omedvetet skapar värde tillsammans genom värdeskapande i nätverk parallellt med verksamhet enligt den traditionella värdekedjan, trots att detta motverkar ökad konkurrens. En möjlig förklaring är en kombination av oplanerat resursinterberoende och att det är ett slags relationsbyggande mellan företagen, orsakat av en imperfekt marknad.

This study presents two separate competitiveness analyses to assess changes in, and factors influencing, the long-term competitiveness of a panel of commercial milk producers in East Griqualand (EG), South Africa. The Unit Cost Ratio (UCR) method was used to measure competitiveness of EG milk producers. It is defined as the ratio of dairy enterprise accounting costs plus an opportunity cost of management at 5% of milk revenue, to total dairy enterprise revenue. The initial UCR analysis was used to partly investigate the impact of dairy market deregulation on the relative competitiveness of EG milk producers over the period 1983 to 2006. The results of this UCR analysis found that the sample of EG milk producers were not competitive based on the net local price, PL, received for milk but were competitive when dairy cattle trading income was included. This suggests that dairy cattle trading income played an important role in enhancing the competitiveness of EG dairy enterprises in the study period. Further UCR analysis revealed that differences in the inherent ability of members of the EG group to manage market deregulation impacted on the relative competitiveness of EG milk producers. The top onethird of the sample of EG milk producers remained relatively competitive from 1983 to 2006 due to higher real milk prices and lower real unit costs than producers in the bottom one-third category. Differences in relative competitiveness between the top and bottom one-third categories of producers were statistically significant. Based on the findings of the UCR analysis, a Ridge regression analysis was then used to investigate other factors influencing the long-term competitiveness of selected milk producers from EG using unbalanced panel data for the period 1990 – 2006. Results of the regression analysis showed that dairy herd size, the level of farm debt, annual production per cow, technology and policy changes over time, and the ratio of trading income to total milk income influence the long-term competitiveness of these milk producers. To enhance their competitiveness in a deregulated dairy market, relatively small and profitable EG milk producers should consider increasing herd sizes as the importance of herd size in explaining competitiveness suggests that size economies exist. All EG milk producers should consider utilising more pasture and other forages to lower feed costs and select dairy cattle of superior genetic merit to improve milk yields. / Thesis (M.Sc.)-University of KwaZulu-Natal, Pietermaritzburg, 2009.