This paper analyses the extent and speed of railway reform in transition economies. EU-accession railways, which are financially weak and losing market share to road transport, have advanced on the railway reform path more than cash-flow rich CIS railways, which enjoy a captive market in freight. Reform agendas are ambitious on paper but suffer from implementation delays. The combination of fav...

We examine how institutional and policy reforms affect the relationship between entrepreneurship and growth. We perform Arellano-Bond GMM estimations on annual data (over the period 1990-2002) from a large group of developing countries and focus in particular on the interplay between policy and institutional reforms and entrepreneurship. We find that the joint effect of trade reform and entrepr...

The debate over comprehensive health care reform is at a critical juncture. Fact and fiction are becoming increasingly blurred as the debate moves into the public arena. As the sponsors and purchasers of the bulk of group health plans in America, employers will play an important role in the eventual solution. The status quo is not an option for American business, and meaningful reform must addr...