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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (61 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Ana M. Fernandes Together We Stand?
    Abstract: This paper uses plant-level data to examine the impact of industrial and trade policy reforms on the geographic concentration of manufacturing industries in India from 1980 to 1999. First, the research shows that de-licensing and liberalization in foreign direct investment significantly reduced spatial concentration, but trade reforms had no significant effect on spatial concentration. Second, plants respond differently to policy reforms based on their size. Liberalization in foreign direct investment and de-licensing caused small plants to disperse, while trade liberalization had the opposite effect. However, for large plants trade liberalization led to lower spatial concentration
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  • 2
    Language: English
    Pages: Online-Ressource (45 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Fernandes, Ana M Export Entrepreneurship and Trade Structure in Latin America during Good and Bad Times
    Abstract: The authors use a new dataset on export transactions for a large set of Latin American and Caribbean and comparator countries to assess the extent of "export entrepreneurship" during periods of fast export growth (2005-2007) and depressed external demand (2008-2009). Export entrepreneurship is equated with the extensive margin of exports, namely the advent of new exporting firms, new export products, and new export market destinations. The main findings are: (1) annual exporter entry, exit, and survival rates in Latin America and the Caribbean are quite similar to what is observed in other countries, and entry rates across sectors are quite similar but survival rates appear to be highest in agriculture; (2) the relative size of entrants into export markets (relative to incumbents) tended to be lower for natural resource-abundant countries during 2005-2007, but less so during the crisis years of 2008-2009; (3) entry rates tend to be lower in sectors in which a country has revealed comparative advantage, however, exit rates and survival rates of new exporters are higher in those sectors; and (4) the low growth of exports during the global recession of 2008-2009 in Latin America and the Caribbean was due to lower growth in exports of incumbent firms' pre-existing products and destinations, while new products and destinations tended to attenuate the recession's effects. Overall, the data suggest that the Latin American and Caribbean region appears to be no less entrepreneurial in terms of the extensive margins of exports than comparator countries
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  • 3
    Language: English
    Pages: 1 Online-Ressource (61 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Fernandes, Ana M Expediting Trade : Impact Evaluation of an In-House Clearance Program
    Abstract: Despite the importance of trade facilitation as an area of trade and development policy, there have been very few impact evaluations of specific trade facilitation reforms. This paper offers an evaluation of in-house clearance, a reform that allows qualified firms in Serbia to clear customs from within their own warehouse rather than at the customs office. The pooled synthetic control method applied here offers a novel solution to many of the empirical challenges that frustrate efforts to evaluate trade facilitation reforms. The method is used to estimate causal impacts on trade outcomes for 21 firms that adopted in-house clearance for import shipments. The program compressed the distribution of clearance times for adopting firms, but the estimated effects on median clearance times, inspection rates, and import value were not statistically significant. Tests for heterogeneous program impact do not indicate that the program affected adopting firms differently. Overall, the results suggest that the most evident benefit of the program for participating firms is reduced uncertainty about clearance times
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  • 4
    Language: English
    Pages: 1 Online-Ressource (42 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Fernandes, Ana M Product Standards and Firms' Export Decisions
    Abstract: Education
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  • 5
    Language: English
    Pages: 1 Online-Ressource (50 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Fernandes, Ana M Exporter Behavior, Country Size and Stage of Development: Evidence from the Exporter Dynamics Database
    Abstract: This paper presents new data on the micro structure of the export sector for 45 countries and studies how exporter behavior varies with country size and stage of development. Larger countries and more developed countries have more exporters, larger exporters, and a greater share of exports controlled by the top 5 percent. The extensive margin (more firms) plays a greater role than the intensive margin (average size) in supporting exports of larger countries. In contrast, the intensive margin is relatively more important in explaining the exports of richer countries. Exporter entry and exit rates are higher and entrant survival is lower at an early stage of development. The paper discusses the results in light of trade theories with heterogeneous firms and the empirical literature on resource allocation, firm size, and development. An implication from the findings is that developing countries export less because the top of the firm-size distribution is truncated
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  • 6
    Language: English
    Pages: 1 Online-Ressource (57 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Fernandes, Ana M An Evaluation of Border Management Reforms in a Technical Agency
    Abstract: Impact evaluations of trade facilitation reforms have almost exclusively focused on reforms by data-rich customs agencies. Other "technical" agencies also intervene in the logistics of international trade, and do so in ways that can cause significant interruptions in the flow of the imported products they oversee. This paper is the first to evaluate a reform by a technical agency, namely, the agency responsible for food safety and animal health in the former Yugoslav Republic of Macedonia. The data environment is much more challenging than in customs, but enables the investigation of novel questions. The study finds that on-the-ground practices regarding sampling of import shipments departed substantially from those planned in the reform. It finds little evidence that the reform was successful in its attempt to improve the targeting of risky shipments. There is limited evidence that the reform increased trade flows, but circumstances make it difficult to establish a strong causal link to the specific reform studied
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  • 7
    Language: English
    Pages: 1 Online-Ressource (52 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Fernandes, Ana M Trade Effects of Customs Reform
    Abstract: Despite enormous academic interest in international trade costs and keen policy interest in efforts to mitigate them, so far there is very little hard evidence on the impacts of trade facilitation efforts. This paper exploits a dramatic reduction in the rate of physical inspections by Albanian customs to estimate the effects of fewer inspection-related delays on the level and composition of imports. In this setting, the paper finds evidence that the expected median number of days spent in Albanian customs falls by 7 percent when the probability that a shipment is inspected falls from 50 percent or more to under 50 percent. In turn, this reduction in time produces a 7 percent increase in import value. The paper finds evidence that the reforms favored imports from preferential trading partners, especially the European Union. There are also reform-induced changes in the composition of trade, including increases in average quantities and unit prices, the number of shipments, and the number of importing firms per product-country pair and the number of countries per firm-product pair. A back-of-the-envelope calculation suggests that the estimate of 7 percent import growth along an intensive margin is roughly consistent with a 0.36 percentage point reduction in average tariff equivalent trade costs. Applying this figure to the value of Albania's non-oil imports produces a reform-induced trade cost savings estimate of approximately US
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (53 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Fernandes, Ana M Structure And Performance of The Services Sector In Transition Economies
    Keywords: Accounting ; E-Business ; Economic Theory and Research ; Economic growth ; Employment ; Human capital ; Insurance ; Labor Markets ; Labor Policies ; Labor productivity ; Macroeconomics and Economic Growth ; Private Sector Development ; Productivity growth ; Skilled labor ; Skilled workers ; Social Protections and Labor ; Technological innovations ; Transport ; Transport Economics, Policy and Planning ; Accounting ; E-Business ; Economic Theory and Research ; Economic growth ; Employment ; Human capital ; Insurance ; Labor Markets ; Labor Policies ; Labor productivity ; Macroeconomics and Economic Growth ; Private Sector Development ; Productivity growth ; Skilled labor ; Skilled workers ; Social Protections and Labor ; Technological innovations ; Transport ; Transport Economics, Policy and Planning ; Accounting ; E-Business ; Economic Theory and Research ; Economic growth ; Employment ; Human capital ; Insurance ; Labor Markets ; Labor Policies ; Labor productivity ; Macroeconomics and Economic Growth ; Private Sector Development ; Productivity growth ; Skilled labor ; Skilled workers ; Social Protections and Labor ; Technological innovations ; Transport ; Transport Economics, Policy and Planning
    Abstract: This paper examines the structure and performance of the services sector in Eastern European and Central Asian countries during 1997-2004. Services represent an increasing share of total value added and employment with the major sub-sectors being wholesale trade, retail trade, inland transport, telecommunications, and real estate activities. A clear divide separates EU-5 countries from South Eastern European countries and Ukraine in terms of services labor productivity. Although a large gap in productivity also separates EU-8 countries from EU-15 countries, that gap was reduced from 1997 to 2004 as most services sub-sectors experienced fast productivity growth. High skill intensive sub-sectors and information and communications technology producers and users have exhibited higher productivity levels and growth rates relative to other sub-sectors since 2000. The author finds a positive effect of services liberalization on the productivity growth of services sub-sectors. The author also finds a positive and significant effect of services liberalization in both finance and infrastructure on the productivity of downstream manufacturing
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  • 9
    Language: English
    Pages: Online-Ressource (47 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Fernandes, Ana M The Risks of Innovation
    Abstract: While innovation is a source of competitiveness, it may expose plants to survival risks. Using a rich set of plant-product data for Chilean manufacturing plants during the period 1996-2006 and discrete-time hazard models controlling for unobserved plant heterogeneity, this paper shows that innovating plants have higher survival odds. However, risk plays an important role for the innovation-survival link: only innovators that retain diversified sources of revenues survive longer. Single-product innovators are at greater risk of exiting. In addition, only innovators facing lower market risk, measured by fewer innovative competitors, low-pricing strategies, or lower sales volatility in the new products' markets, see their odds of survival increase significantly. Technical risk, measured by the proximity of product innovations to the plants' past expertise, the degree of sophistication of new products, or their novelty to the Chilean market, does not play a substantial role in the innovation-survival link. Engaging in risky innovation is not an irrational decision, since plants reap big payoffs-higher productivity, employment and sales growth-from such innovations. However, those payoffs are not always higher than those from cautious innovation, suggesting that constraining factors, such as credit constraints, force plants to take on more risk when innovating. An implication of the findings for industry dynamics is that among innovators, only the survival of cautious innovators is guaranteed. Since engaging in cautious innovation may not be feasible for all plants, there could be a role for policy in reducing innovators' exposure to risks and providing assistance to deal with failed innovations, while setting the right incentives
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Cebeci, Tolga Micro Dynamics of Turkey's Export Boom in the 2000s
    Abstract: This paper examines the microeconomics behind the dramatic export boom experienced by Turkey during the 2000s. Using disaggregated customs data covering the universe of export transactions for Turkey during the period 2002-2011, it characterizes firm-level dynamics in the export sector and decomposes export growth at the aggregate, sector, and destination market levels to identify the role of firm turnover, destination turnover, and product turnover. The paper shows that in the short-run, aggregate export growth is dominated by growth in continuous exporters, and for these, growth is dominated by exports to their continued destinations and of their continued products. However, the observed high degree of churning across firms, destinations, and products accounts in the long run for a substantial part of Turkey's export growth. The patterns of micro-dynamics of export growth are verified across sectors and across groups of destination markets with some exceptions regarding exports to new emerging markets where net entry by Turkish-based exporters plays a more critical role for long-run growth
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