Banking Sector Development and Economic Growth in Central and Southeastern Europe Countries

The aim of this paper is to empirically examine the relationship between banking sector development and economic growth in 16 transition countries in Central and Southeastern Europe in the period from 1995 to 2010. We apply fixed-effects panel model and control for other relevant determinants of economic growth and endogeneity. We measure the level of banking sector development using the amount of bank credit allocated to the private sector as a share of GDP. The second variable for the level of financial sector development is the margin between lending and deposit interest rates. According to our results the amount of bank credit allocated to the private sector, apparently does not speed up economic growth in transition countries. The second variable, interest rate margin is negatively but not significantly associated with economic growth.     

International and Domestic Dimensions of Russia’s G8 Presidency in 2006

In 2006, as president of the Group of Eight (G8), Russia intended to increase its global status, respond to foreign criticism about its democratic credentials, and advance key policy positions. In determining whether these goals were met, the author examines six important issues that Russia’s G8 presidency covered, including its agenda items (global energy security, infectious diseases, and education), nuclear nonproliferation, counter-terrorism, and the crisis in the Middle East. Informed by international socialization theory, the author finds that the G8 presidency gave Russia a high-profile platform on which to assert its national interests and sovereignty. President Vladimir Putin showcased Russia’s strengths in various ways, ranging from symbolic images of its renewed grandeur to demonstrations of its independent policy line on energy security and rhetoric about its democratizing the G8 decision-making process. He also benefited from the fact that other G8 leaders did not publicly press him on issues related to Russia’s authoritarian backsliding. However, Russia’s achievements as G8 president were soon overshadowed by worsening relations with the United States and the European Union; by further restrictions on civil society; and by high-profile assassinations. The behaviour of Russian officials during 2006 indicates that international socialization was not taking place in any meaningful way beyond a display of diplomatic code (e.g., rhetoric on consensus-building).     

Dual Impact: Outness and LGB Identity Formation on Mental Health

Conflicting literature exists for the relationship among outness, sexual minority identity formation, and mental health among lesbian, gay, and bisexual (LGB) individuals. The present study examines the complex relationship among outness, identity, and mental health among 192 lesbian, gay, and bisexual individuals collected from an online sample. The findings revealed that outness has a complex, dual impact on mental health. Specifically, outness was found to have both positive and negative consequences for mental health, with identity development accounting for the positive aspects of outness. Directions for future research and implications for clinicians are discussed.     

The Use of In Situ Behavioral Skills Training to Improve Staff Implementation of the PEAK Relational Training System

The study evaluated the effectiveness of an in situ behavioral skills training program for training 3 direct care staff to implement the Promoting the Emergence of Advanced Knowledge Relational Training System (PEAK) with 3 individuals with autism. PEAK is an evidence-based behavior analytic language development curriculum that uses discrete trials to promote the emergence of language. The data suggest that behavioral skills training improved staff implementation of PEAK and resulted in a corresponding improvement in selected language skills across 2 of 3 learners with autism.     

Racial/Ethnic Minority Vocational Research: A Content and Trend Analysis Across 36 Years

The authors examined 281 racial/ethnic minority (REM) career‐related studies published in the Journal of Vocational Behavior, The Career Development Quarterly (CDQ), the Journal of Career Assessment (JCA), and the Journal of Career Development between 1969 and 2004. Publication trends, article content and type, samples, and leading author and institutional contributors are reported. CDQ published the largest percentage of these articles (33.5%, n = 94), whereas JCA had the largest percentage (13%) of REM career articles relative to other articles it published during this time frame. There was an increase in the number of REM career articles being published across the years.     

Survivors of Downsizing: Helpful and Hindering Experiences

Thirty‐one downsizing survivors from both the private and public sector were interviewed to determine incidents that either helped or hindered their transition through 1 or more organizational downsizings. A critical incident technique was used to analyze and organize the data around themes that emerged. Themes were represented by both positive and negative incidents and were grouped using transition phases. Results support and add new detail and insight into topics developed in previous studies. Implications are discussed for organizations' handling of downsizing or restructuring as well as reducing negative and enhancing positive influences and events. Counseling recommendations are offered for easing survivors through the transition.     

CAPACITY CONSTRAINTS AND INFORMATION REVELATION IN PROCUREMENT AUCTIONS

We utilize laboratory experiments to study behavior in sequential procurement auctions where winning an auction round increases a bidder's future costs. The game admits competitive as well as bid‐rotation style collusive equilibria. We find that (a) bidders show some propensity to account for the opportunity cost of winning an auction, but underestimate its magnitude; (b) revealing all bids (instead of only the winning bid) after each round leads to dramatically higher procurement costs. The rise in procurement costs is accompanied by an increase in very high (extreme) bids, a fraction of which appear to be collusive in nature. (JEL C91, D44, L44)     

Ramsey's Foundations Extended to Desirabilities

In his Truth and Probability (1926), Frank Ramsey provides foundations for measures of degrees of belief in propositions and preferences for worlds. Nonquantitative conditions on preferences for worlds, and gambles for worlds and certain near-worlds, are formulated which he says insure that a subject's preferences for worlds are represented by numbers, world values. Numbers, for his degrees of belief in propositions, probabilities, are then defined in terms of his world values. Ramsey does not also propose definitions of desirabilities for propositions, though he is in a position to do this. Given his measures for probabilities of propositions and values of worlds, he can frame natural definitions for both evidential and causal desirabilities that would measure respectively the welcomeness of propositions as items of news, and as facts. His theory is neutral with respect to the evidential/causal division. In the present paper, as Ramsey's foundations are explained, several problems and limitations are noted. Their distinctive virtue – their evidential/causal neutrality – is demonstrated. Comparisons are made with other foundational schemes, and a perspective is recommended from which nonquantitative foundations are not the be all for quantitative theories of ideal preferences and credences.