The Manual on Statistics of International Trade in Services is an important first step in addressing a growing demand from Governments, business and analysts for more relevant, detailed and internationally comparable statistics on such trade. A special emphasis is given to the statistical information needs of international trade negotiations and agreements. The aim of the Manual is to provid…
This publication summarises the numerical results and methodological findings of pilot water accounts in 15 European countries. Water accounts focus on physical flows of water in to and out of the economy: abstraction and use of water by industries and households, emissions to water by different actors; as well as the costs of water supply and wastewater treatment. These pilot accounts generat…
In a somewhat simplified analysis of the economy, the economic system can be broken down into two main parts: on one side the enterprise 'operators', producing goods and services, providing employment and distributing income in the form of wages; on the other the household operators, receiving income and consuming goods and services. The other operators in the economic system are the genera…
Many people believe that excessive risk taking at large financial firms was an important cause of the financial crisis of 2007–2008 and that preventing another crisis requires improving risk-management systems at such institutions. One way to do this would be to use board oversight liability to hold directors personally liable for failing to properly monitor the risks that their firms are run…
Trading in derivatives involves heavy use of quantitative models for valuation and risk management. These models are necessarily imperfect, and when options are involved, the models require a volatility input that must be forecasted, subject to error. This creates “model risk” to which nearly all participants in derivatives markets are exposed. In this paper, we conduct an empirical sim…
One of the most important human activities is managing. Ever since people began forming groups to accomplish aims they could not achieve as individuals, managing has been essential to ensure the coordination of individual efforts. As society has come to rely increasingly on group effort and as many organized groups have grown larger, the task of mangers has been in importance. The purpose of th…
The purpose of STATISTICS FOR BUSINESS AND ECONOMICS is to give students, pri- marily those in the fields of business administration and economics, a conceptual introduc- tion to the field of statistics and its many applications. The text is applications oriented and written with the needs of the nonmathematician in mind; the mathematical prerequisite is knowledge of algebra. Applications of da…
This subject guide is about human resource management (HRM). This is the management activity taken by commercial firms, state owned enterprises and other organisations to recruit, retain and motivate their employees. In other words HRM is the bundle of policies, programmes and plans which organisations adopt with the objective of making full use of the people they employ. These includ…
The Econometric Study and Model to Estimate Land Prices undertaken by an external contractor on behalf of Eurostat showed that a separation of the land price part from the structure part was not feasible from the data at hand. Notwithstanding the traditional partition to land and structure becomes less clear depending on the allocation of the location variables. More conceptual work and a furth…
The earth faces a future of rising populations and growing strains on the planet . Whatever else the future holds, significant population increase is inevitable and the current UN forecast of 9 .2 billion by 2050 – itself a 40 per cent increase on the 6 .7 billion in 2007 – may turn out to be an underestimate . The environmental damage resulting from population increase is already widesprea…
The main components of EU international trade in services were "other business services" (R&D, business, professional & technical services) which accounted in 2014 for 26% of EU total exports and 28% of imports, Transport services (18% and 20%), Travel services (14% and 16%), Telecommunications, computer and information services (12% and 9%) and Financial services (10% and 6%). In 2014, the…
This report is from a study of the federal government's capacity to recruit highly qualified individuals for the top science and technology (S&T)-related leadership positions in the executive branch. The effort was supported by the Carnegie Commission on Science, Technology, and Government and by the National Research Council Fund of the Academies—National Academy of Sciences, National Academ…