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Performance Measurement, Regulation and UK Productivity
A Multidisciplinary Overview of
Unintended and Indirect Effects
Ideas factory Presentation, 29 September 2005
Joseph Antony, Gerben Bakker, Kim Tan, Kathryn Walsh and Alan Williams
Leeds-Essex-Nottingham-Loughborough-Exeter
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The Puzzle:
British productivity is lagging
Many attempts to improve it, without a winning result
Could regulation hold the key to the problem?
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Objectives:
1. Multidisciplinary literature overview
1. Seminal cases
2. Comparison of methods
3. Scales of observation
2. Detailed analysis of small number of cases
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Objectives:
3. Develop framework for larger proposal
4. Effect on long-run UK productivity vis-à-vis US and Europe• Implications for managers and policy makers
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Some issues:
• Multidisciplinary overview literature• Cost-benefit analysis• Optimal precision administrative rules• Measuring regulation across countries• Connection performance measurement within firm with
regulation
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Some issues (continued):
• The policy landscape• The politics of regulatory change
• Not getting a slice of the larger pie• Sowing the seeds of one’s own destruction
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Potential case studies:
• Airline deregulation• End-of-life legislation• Other cases
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Investigators and roles:
• S. Joseph Anthony• Gerben Bakker• Kim Tan• Kathryn Walsh• Alan Williams
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Outputs:
• Framework for follow-up large-scale project• Pilot/feasibility study for potential case studies• Essay-style review of the literature
– Multidisciplinary– Seminal cases– Identificayion of gaps
• Article in academic journal based on review
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Impact:
• Academics• Policy makers• Firms• Investors• Emergence interdisciplinary knowledge network• Follow-up large-scale project
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End-of-life legislations: the indirect consequences
Dr. Joseph Antony
Dr. Anjula Gurtoo
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Focus
• How legislations impact productivity– Focus: End of life legislations
• Direct consequences: recycling, waste management, costs, technology – new technologies and tech. efficiency
• Indirect consequences • Unforeseen consequences• Unintended consequences
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Some significant issues
• Seen to significantly impacts producers in electronic and electrical, automotive/transport and producers heavily using plastics and metals. These are typically large size UK companies.
• Calls for a different framework of consumption – away from the current paradigm of ‘individualism’ and ‘ownership’. Evolution of shared/community consumption structures? How much are we willing to give in?
• Study of Risk: to the government; industry; at the level of producer, lender and industrial user/buyer.
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Research plan
• Nature of end-of-life legislations: its various forms• Identification of focus areas/fields • Identification of industry specific and focus specific journals and
authors• Data collection• A tentative outline of analysis
– Possible indirect consequence – which industries gets impacted – the significant issues – key effects and findings - author(s) who has studied the effect
• The emerging framework of legislation and UK productivity
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Time lines
• Sept to November 2005 – identification of issues and data collection• December 2005 – review meeting• Jan to March 2006 – data collection and analysis
• April 2006 – presentation of analysis
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Performance Measurement, Regulation and UK Productivity
Feedback
Joseph Antony, Gerben Bakker, Kim Tan, Kathryn Walsh and Alan Williams
Leeds-Essex-Nottingham-Loughborough-Exeter
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Productivity & Regulation
• Internal/external perspectives– Small-scale pilot study of c. one year
• Integration/coordination– Several meetings planned– Multidisciplinarity is project’s strength
• Balance
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Productivity & Regulation
• Ambitious blue skies research• Front-loaded with exploratory work• In the spirit of the Ideas Factory
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Productivity & Regulation
• Focus on regulation• Common framework
– Institutional economics approach (North)– Multilevel governance
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Productivity & Regulation
• Exploration and clarification of terms and concepts– Intended/unintended– Foreseen/unforeseen– Direct/indirect
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Productivity & Regulation
• Positive effect of regulation– E.g. Porter + Vanderlinde JEP 1997
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Planning
• Start first October
• End: January 2007
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Planning:
Phases:
1. Exploration
2. Integration, common framework
3. Future outlook/proposal