This paper examines labor market mobility from an historical perspective, using the United Kingdom as a case study. Movements into and out of employment are related to the institutional developments of the last two decades. In Great Britain, the dynamics of transitions in the labor market have increased over the last two decades, but individual path dependency, that is, the transmission of risks along the life course, seems to have decreased. Women in particular have benefitted from a more flexible labor market while men's employment opportunities have decreased. Employment has also been increasingly tied to economic development. (JEL C41, J60, O52); Int'l Advances in Econ. Res., 8(1): pp. 1-9, Feb. 02. ©All Rights Reserved

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Recent literature on competition in regulation concludes that the iterative adjustment that may start with mutual recognition is an open-ended process. This paper shows that, even without acceptance of reciprocal minimum standards, a process of iterative adjustment may be triggered by the coexistence of foreign goods with high standard levels and domestic goods with relatively low standard levels. Focusing on the case of international heterogeneity of levels of a specific standard, the paper offers an intuitive counter-argument to the fear that free trade necessarily implies a "race to the bottom" of standard levels. (JEL F10, O10); Int'l Advances in Econ. Res., 8(1): pp. 10-19, Feb. 02. ©All Rights Reserved

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This paper suggests an investment strategy which allows an investor to specify the desired return on investment to be equal to the expected rate of inflation plus a certain premium rate, and then helps the investor select those stocks which will provide the greatest chance of meeting that specified investment goal.(JEL O40); Int'l Advances in Econ. Res., 8(1): pp. 20-34, Feb. 02. ©All Rights Reserved

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The choice of a suitable exchange rate regime is the subject of numerous discussions in economic literature. Estonia has been successful in achieving economic stabilization and growth and steadily declining inflation. It has one of the highest per capita foreign direct investments in central and eastern Europe. Estonia also has one of the most liberalized economies among all transition countries. An essential element of the success of Estonian economic development is strict exchange rate control. Estonia has adopted a currency board that serves as a signal of commitment to prudent monetary policy and as a guarantee of sound money during the transition period. This paper discusses the experience of operating the currency board, some future prospects of the currency board arrangement, and the development of the banking system in Estonia. (JEL E5); Int'l Advances in Econ. Res., 8(1): pp. 35-48, Feb. 02. ©All Rights Reserved

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This paper designs an acreage response model under the acreage allotment farm program incorporation a policy-inducing variable. The single-equation regression model for each rice-producing state is estimated by the ordinary least squares mulitiple regression procedure. The estimated parameter shows a significant direct relationship between the rice acreage planted and plicy-inducing price in all the rice-growing states. The estimated short-run elasticities for Arkansas, California, Louisiana, Mississippi, and Texas were 0.72, 0.59, 0.67, 0.66, and 0.81 respectively. The heterogeneity in the magnitude of the elasticities during the acreate allotment period suggests considering a rice program formulation in response to each state's variability in physical restraints, availability of irrigation water, average yields, and return over cost, thereby providing risk management incentives to rice growers to respond positively to the farm program. (JEL Q10); Int'l Advances in Econ. Res., 8(1): 49-57, Feb. 02., © All Rights Reserved

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Human resource management (HRM) has experienced a strong evolution. In order to provide useful information to managers, it is necessary to evaluate the results generated by the design and implementation of personnel policies. This is the goal of the HR audit that includes two different analyses and valuations: the HR policies and their level of fit with the strategy of the firm, and the characteristics of human capital. Several criteria have been used to assess different HR policies. Nevertheless, the measurement of the value that human capital brings to the firm is a very complex topic. Consequently, different models are being presented that aim to properly solve this challenge. This paper will analyze the HR function from two perspectives: the evaluation of the implemented policies and the quality of human capital in relation to real competencies, and the capability to learn and develop new skills. (JEL M10); Int'l Advances in Econ. Res., 8(1): pp. 58-64, Feb. 02. ©All Rights Reserved

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This paper examines the properties of a dynamic equilibrium model focused on sectoral specialization and dynamic competitiveness in international trade. Factors of competitiveness and growth were broken down into three parameters on the export side, two parameters on the import side, and two parameters on the productivity side. Furthermore, the relation between the growth rate of productivity and the wages index is examined. In the first period, 1960-1972, the rapid change in the structure of Japanese production and the composition of Japanese exports paralleled the rapid structural change in the international market and the rapid change in the prices of Japanese exports, stimulating Japanese exports to the international market. The engine of economic growth here is a significant technological change along with improvement of labor and capital productivity. In the second period, 1973-1996, factors such as improving the quality of production, cumulative experience, and the flexibility of price elasticity were crucial factors in increasing Japanese exports. Despite the decline in growth rate of technological change, the engine continued to grow and was supported by increasing the value of the economies of scale. (JEL F10, C10, O40); Int'l Advances in Econ. Res., 8(1): pp. 65-78, Feb. 02. ©All Rights Reserved

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