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The paper aims to assess property returns using yield differentials for prime and secondary properties as a real estate decision‐making tool. It seeks to demonstrate how property portfolios can be optimized through rational stock selection within the respective sectors identified in the IPD Index.

The paper utilises IPD data over the period Q1 2001 to Q4 2011 to investigate the performance returns on an annual and quarterly basis across key market sectors. It measures the rolling four quarters total return to illustrate the shift in prime and secondary performance for the different sectors to analyse the buy and sell decisions of institutional investors.

This paper indicates that investors can optimise property performance through rational stock selection and that secondary commercial property values display greater volatility compared to prime stocks. Investors need to take calculated risk in anticipation of higher total returns based on a buy/sell strategy when secondary stock outperforms prime.

These findings can have a number of implications for real estate decision making. Firstly, capital growth is still the main factor that influences return and these returns are sensitive to wider economic and market conditions. Secondly, rational stock selection is likely to have major benefits in a difficult and an illiquid market. Thirdly, the choice of prime or secondary does matter and strong heterogeneity exists in each of the sectors and therefore offers potential for sector diversification.

This paper contributes to an understanding of property investment decision making by evaluating the differential spread/gap between low and high yield properties to determine the opportunities to sell/buy prime/secondary property.

The purpose of this paper is to introduce and discuss the concept of supply chain quality management (SCQM) in education. It then analyses a particular country case study in light of the concept, presenting empirical evidence of the challenges and good practices relating to it.

The empirical work is based on a country case study which includes data on four higher education institutions and nine secondary schools. Data are obtained from national and institutional documents, as well as from individual and panel interviews. The authors have used content analysis for both data and interview transcripts.

The authors find that whereas we can think of education systems as supply chains, there are important challenges to SCQM in education, namely, regarding information sharing, trust, integration and leadership. Conversely, the authors have found some ad hoc good practice which could be developed into more systematic SCQM practice.

The study covers only a single case study, and a part of the education supply chain.

The work could inform policy makers as well as institutional leaders on practices that would improve the performance of the education supply chain.

Education is a very important activity sector with a strong impact on the well-being of societies. Gains in education performance resulting from better SCQM in education would thus impact us all.

The paper offers a novel way of looking at the education system through the lenses of SCQM; if implemented it could significantly improve the performance of education systems.

This article presents a set of techniques to measure and analyse the structure of the information economy of a country using input‐output methods. Published national data bases for many countries fail to identify the information economy and the focus has been on the measurement of conventional sectors such as agriculture, manufacturing and services. However, it is now widely recognised that the information sector is emerging as a major force in the restructuring and growth of many economies in the world. The measurement and analysis of this information economy is invaluable for proper policy formulation in this information age. The article demonstrates the operational nature of the techniques proposed herein, by their application to Australia and a few developing economies in the Pacific.

This paper examines the dynamics of structural transformation in Morocco since 1970 by analyzing input-output tables expressed in terms of employment and output levels across 24 sectors.

This study employs a twofold methodological approach. Firstly, it examines the evolution of sectoral employment shares over time using World Bank data. Secondly, it utilizes Input-Output analysis to examine structural shifts in Morocco's economy, focusing on sector-specific output and employment data. The primary data source is the Eora Global Supply Chain Database, covering the years 1970, 1980, 1990, 2000, and 2015. Additionally, to transition from production-based to employment-based input-output tables, the study leverages employment and output data from the Penn World Tables to calculate the diagonal labor coefficient matrix.

First, our analysis reveals that Morocco's economic transformation has been slower compared to high-income countries. Structural changes, as evidenced by the evolution of employment shares by sector, show a gradual decline in agricultural employment share over the period 1991-2019, accompanied by a shift towards the services sector. This shift, driven by favorable conditions in the services sector and increased capital use in agriculture, has resulted in premature deindustrialization. The industrial sector's employment share has remained stable due to its capital-intensive nature. Second, Input-Output analysis reveals a pronounced premature tertiarization of the Moroccan economy. Between 1990 and 2000, the tertiary sector saw a dramatic rise in both backward (167%) and forward (68%) linkages, while the primary sector's backward linkages fell by 33% during the same period. Although the primary sector’s linkages increased by 10% from 2000 to 2015, the secondary sector experienced a consistent decline in backward linkages, dropping 12% from 1990 to 2000 and an additional 10% from 2000 to 2015. Employment linkage analysis further underscores this shift, with a 12% increase in the tertiary sector’s backward linkages from 1990 to 2000, contrasted by significant declines in the primary (51%) and secondary (7%) sectors. These trends highlight an unsustainable move towards services without concurrent industrial development, challenging balanced economic development.

As it is unanimous, the structural transformation of Morocco remains relatively slow and characterized by a shift of the labor factor from the primary sector to the tertiary sector, with a limited job creation by the secondary sector considered as the pillar of any structural transformation. This paper advances the field of research on structural transformation by elucidating the premature tertiarization of the Moroccan economy and the slowness pace at which the transformation of its economic fabric is occurring, thereby filling the empirical gap.

This article suggests an explanation for the complex history of the relationship between the government high school and the Australian middle class. The main elements in the constructing of a framework necessarily include the following inter‐related effects: the historic alienation of the Roman Catholic population from the Australian public school system, federal government interventions into school policy and funding, demographic pressures, the rise of neoliberalism, and the development of distinctive and multiple ethnic populations in the cities. The final section of the article takes as its case study, the history of middle class schooling in the city of Sydney, especially from the mid 1970s to the end of the century. Sydney is an atypical Australian city in many respects, and the study of its middle class and schooling does not stand as representative of the Australian experience. Nevertheless, its great population and significance in the national economy makes its story a crucial story in the national context. Because much of the evidence for this last section derives from the Australian census, it is introduced by a brief discussion of census‐making. Preceding that section of the article is a summary discussion of the significance of social classes in the history of Australian schooling.

The aim of this paper is to learn about some patterns of sectoral and industrial structural change of the Chinese economy over the 1995-2010 period, which also complements a previous paper of the author. The chosen period is about (and conveniently) bounded by two international crises: the Southeast Asian crisis of 1997 and the world crisis that started in 2007/2008.

To such a purpose, this paper set up a quantitative methodology via input-output modelling, which allows us to decompose gross output into some key demand sources or contributions. These are then analyzed over the full period.

It can be shown that the trajectory of the main structural patterns over the period was not smooth and was pretty unbalanced and that they generally responded to both domestic policy and international shocks. Export demand and heavy industry appeared to be the main engines of the economy, which showed massive increases in their share of output, at the expense of domestic demand, services and agriculture. Despite the high growth rates over this period, the Chinese economy seemed to be in need of rebalancing, which seems to have started toward the end of the authors’ period.

The decomposition method has been applied before by the author and others, but the variations in this paper are original, just as original is the application to China (never been done before), which in addition is not confined to two or so snapshots separated by many years, as is the usual use, but to the full year-after-year change of the sectoral and industrial structure over this study’s focus period.

Examines factors such as the trend to globalisation, triggers for change such as advances in information technology (IT), changing organisation structures and adoption of business process re‐engineering using the findings of a questionnaire. Questions addressed the topics of: industrial sector, organisational strategy, structure, people, performance, and the role of IT. The key findings included: that globalisation was a real and significant force for change affecting organisation strategy, operations, and characteristics; that alternative organisation strategies lead to varying organisational success, and scope for improvement; and that evolution (rapid or slow) to a virtual enterprise is feasible for most firms.

Purpose – This chapter explores the nature of dualism as it operates in post-Katrina New Orleans. In particular, the chapter suggests that the combination of the push toward a tourism and services dependent economy and the failure to regulate labor markets has created an especially detrimental situation for both workers and the long-term development of the city.

Design/methodology – To explore dualism in sectors and employment, this chapter applies survey methods to three areas of the New Orleans economy: food service, construction, and manufacturing. Survey methods vary slightly across sectors, due to the ease or difficulty of applying random sampling methods in each context. The surveys were applied anonymously by trained interviewers, and additional information from qualitative interviews and focus groups was also included.

Findings – Without regulation of labor markets and efforts to sustain and expand sectors characterized by decent livelihoods, New Orleans working conditions and development will continue to decline.

Originality/value – This chapter offers an original application of theories of dualism in development and labor markets. In development, dualism refers to sectoral division between high-value, cosmopolitan activities and low-productivity sectors, with few prospects for growth or employment. In labor markets, dualism characterizes the distinction between well-remunerated jobs with opportunities for decent livelihoods and other jobs that are precarious and vulnerable. The chapter also provides results from original surveys, interviews, and focus groups.

Education system supplies the required manpower in order to ensure the national prosperity. A salient link between education and business sector is a prerequisite to cater economically productive manpower. Economic and social development supplements each other that can only be ensured via a functional education system. A dysfunction education system created by a biased clustering policy develops a greater horizontal and vertical mismatch with the job market in many developing nations. This mismatch dents the quality of business management that halts the national prosperity. Therefore, the role of education has become questionable. This research aims to bridge between education and business sectors.

Given the differentiated nature of research questions, multiple techniques are used to collect the data. However, this research bears the norms of qualitative method. Both secondary and primary data are used. While, secondary data are collected by the banks, Bangladesh Bureau of Educational Information and Statistics (BANBEIS) and by the University Grants Commission (UGC), primary data are collected through interviews. Document review and data collected through personal communication with members of staff of sampled banks and institutes of HE also supplements. Data were collected from six commercial banks and from the Central Bank.

Findings suggest that clustering system favours science graduates by depriving business counterpart, which creates an atmosphere of educational disparity. This disparity affects the symbiotic and reciprocal relationship that exists amongst different provisions (i.e. secondaryand tertiary) of education. Favoured clustering system further contributes for a larger “horizontal educational mismatch” with job market. Therefore, science graduates occupy the places in the banks where business graduates should ideally be employed. Being a dysfunction system, education fails to support substantially for social and economic developments.

A few studies are conducted in the area of HE in Bangladesh but none covers the issue of impact of clustering system of education in secondary provision on HE and job market. Graduates' performance in carrying out the jobs is seen as the most important element for the business management. This study has suggested a unique way forward which would be able to reduce the mismatch between education system and job market, enabling a substantial business management process. Considering this, the paper is first on its kind.

Examines the construction of the funding formula, following the 1988 Education Act, used to determine the levels of devolved budgets in three English local education authorities (LEAs). Explains that, in each LEA, a team was formed to determine the funding formula. Also explains that, as most schools pre‐local management of schools (LMS) only kept aggregate records showing the cost of education at the levels of primary/secondary sectors rather than individual school level, the LMS teams faced serious problems in defining budget parameters, identifying cost elements and attributing costs to functions. More critically, points out that while the 1988 Education Act made it clear that the new budgeting system should be comprehensive in the sense of not merely reflecting past expenditure patterns but being based on perceived education needs, the LMS teams developed funding formulae which predominantly preserved the status quo established by historical expenditure patterns. Explores both the arguments and the mechanisms which each LMS team deployed in order to produce an incrementalist budgeting system and the constraints that operated on incrementalism.