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  • 1
    Online Resource
    Online Resource
    Stages of Diversification Redux (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (44 pages)
    Parallel Title: Erscheint auch als Assem Mohammed G Hassan Ahmed, Hoda Stages of Diversification Redux
    Keywords: Development Trajectories ; Economic Concentration ; Economic Diversification ; Economic Growth ; Macroeconomics and Economic Growth ; Resource Poor Countries ; Resource Rich Countries
    Abstract: The existing literature on development and economic diversification finds an inverted-U function between these two variables, whereby economies diversify as they grow up to a point, after which they start specializing. This paper contributes to this literature by investigating the stages of diversification over the course of development during the past 57 years. The paper emphasizes the trajectories of resource-rich and resource-poor countries, an issue that has not been covered by the extant literature. In addition, the paper studies the stages of diversification across three dimensions, namely employment, value-added, and exports. Additionally, it examines the relationship for services. Non-parametric estimations suggest a U-shaped curve between measures of economic concentration and per capita income levels, which is in line with existing evidence. However, these patterns are mainly driven by between-country rather than within-country variation, a finding that had been ignored in the existing literature. Diversification patterns also differ across resource-rich and resource-poor countries: Employment and value added in resource-rich countries are on average more concentrated at low levels of development while in resource poor countries, they are more concentrated at high levels of development. In contrast, at all levels of development, exports are more concentrated in resource-rich countries
    DOI: 10.1596/1813-9450-10709
    URL: Deutschlandweit zugänglich
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  • 2
    Online Resource
    Online Resource
    Middle East and North Africa Economic Update : Conflict and Debt in the Middle East and North Africa (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (68 pages)
    Series Statement: Middle East and North Africa Economic Update
    Parallel Title: Erscheint auch als
    Keywords: Conflict ; Debt Decomposition ; Debt-To-GDP Ratio ; Economic Growth ; Extrabudgetary Expenditures ; Growth Forecasts ; Impact of Conflict ; Uncertainity
    Abstract: The global economy is in its third year of deceleration amidst declining inflation and oil prices. The MENA region grew at 1.9 percent in 2023 and is forecasted to grow at 2.7 percent in 2024. And for the first time since the pandemic, MENA oil exporters and importers will grow at similar rates. The tragedy of the conflict in the Middle East has increased uncertainty. Rising debt leaves many countries in the region exposed. This report unpacks the nature of debt in the region. Oil importers have been unable to either inflate or grow out of debt. Exchange rate fluctuations, and particularly stock flow adjustments (SFA) play a sizeable role. The report highlights the need to address debt transparency. Extrabudgetary items, especially for developing oil importers, need to be accounted for. Primary balances are key, but only to the extent that they capture the true state of government finances
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  • 3
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    Online Resource
    Altered Destinies : The Long-Term Effects of Rising Prices and Food Insecurity in the Middle East and North Africa (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (55 pages)
    Series Statement: Middle East and North Africa Economic Update
    Parallel Title: Erscheint auch als
    Keywords: Data Opacity ; Economic Growth ; Forecasting Growth ; Inadequate Data System ; Inflation ; Oil ; Oil Exporters ; Oil Importers ; Oil Prices ; Recovery
    Abstract: Growth is forecasted to slow down for the Middle East and North Africa region. The war in Ukraine in 2022 exacerbated inflationary pressures as the world recovered from the COVID 19 pandemic-induced recession. The response by central banks to raise rates to curb inflation is slowing economic activity, while rising food prices are making it difficult for families to put meals on the table. Inflation, when it stems from food prices, hits the poor harder than the rich. Moreover, food insecurity in MENA has been rising over decades. The immediate effects of food insecurity can be a devastating loss of life, but even temporary increases in food prices can cause long-term irreversible damages, especially to children. The rise in food prices due to the war in Ukraine may have altered the destinies of thousands of children in the region, setting them on paths to limited prosperity. Food insecurity imposes challenges to a region where the state of child nutrition and health were inadequate before the shocks from the COVID-19 pandemic. The report discusses policy options and highlights the need for data to guide effective decision making
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  • 4
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    Online Resource
    Labor Market Impact of the COVID-19 Pandemic in the West Bank and Gaza (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (44 pages)
    Parallel Title: Erscheint auch als Deng, Jingyuan Labor Market Impact of the COVID-19 Pandemic in the West Bank and Gaza
    Keywords: Covid-19 Pandemic Impact ; Employment and Unemployment ; Impact of Covid on Refugee Labor Market ; Labor Market Dynamics ; Labor Market Transition ; Labor Markets ; Post Pandemic Job Recovery ; Poverty Reduction ; Social Development ; Social Protections and Labor ; Voluntary and Involuntary Resettlement ; Vulnerable Populations Job Loss
    Abstract: This paper studies the impact of the COVID-19 pandemic on men's labor market outcomes in the West Bank and Gaza, examining adjustments at the extensive (participation) and intensive (hours of work) margins of the labor supply. Quarterly panel data from national labor force surveys allow observing labor market transitions, job loss and job gain rates, and labor market stocks. The findings show that the COVID-19 pandemic was associated with a decline in employment and labor market participation among men in the immediate aftermath of the pandemic. Moreover, the analysis finds evidence of large adjustments at the intensive margin of employment, as working hours declined. The changes in aggregate labor market indicators seem to be driven by an increase in job loss and a decline in job gain in the West Bank and Gaza. Despite the apparent resilience of the labor market, as labor market indicators quickly bounced back to their pre-pandemic levels, the results show that the most vulnerable segments of the workforce, such as informal workers, workers in blue collar occupations, the least educated, and residents in refugee camps, bore a disproportionately heavier burden
    DOI: 10.1596/1813-9450-10587
    URL: Deutschlandweit zugänglich
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  • 5
    Online Resource
    Online Resource
    Labor Market Transitions in Egypt Post-Arab Spring (2022)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource (33 pages)
    Parallel Title: Erscheint auch als Deng, Jingyuan Labor Market Transitions in Egypt Post-Arab Spring
    Keywords: Education Advantage ; Education and Labor Market Access ; Employment ; Employment By Gender ; Gender ; Gender and Rural Development ; Informal Labor Market ; Informality ; Labor Market Non-Participation of Women ; Labor Market Participation ; Labor Market Transition Comparison ; Labor Markets ; Married Women in Labor Force ; Poverty Reduction ; Private Sector Employment ; Public Sector Employment ; Rural Development ; Rural Labor Markets ; Rural Poverty Reduction
    Abstract: This paper examines the Arab Republic of Egypt's labor market transition dynamics post-Arab Spring based on the two most recent rounds of the Egypt Labor Market Panel Survey conducted in 2012 and 2018. In addition to providing disaggregated-level analysis by examining labor market transitions by gender, education, and age groups, the paper provides a cross-country, cross-regional perspective by comparing Egypt's labor market transitions with Mexico's, relying on data from the Encuesta Nacional de Ocupacion y Empleo. To match the span of Mexico's transitions (which are measured over a one-year period) and Egypt's (which are measured over six years), the analysis uses Monte Carlo simulations of repeated discrete-time Markov chains. Based on these results, the Egyptian labor market appears to be highly rigid compared to the Mexican labor market, which instead shows a large degree of dynamism regardless of individual initial labor market states at baseline. Auxiliary regression analyses focusing on transitions to and from the dominant absorbing labor market states in Egypt-public sector employment for both genders, nonparticipation for women, and the informal sector for men-show that having a post-secondary education is associated with a lower probability of remaining out of the labor force for women who were already out of the labor force at baseline, while being married at baseline is found to be a significant predictor for women to stay out of the labor force if they were already so. Among men, the better educated are found to be more likely to secure formal employment, be it in the public or private sector, and are more likely to keep their public formal jobs once they secure them
    DOI: 10.1596/1813-9450-10126
    URL: lizenzpflichtig
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  • 6
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    Online Resource
    Towards a Learning State (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (55 pages)
    Parallel Title: Erscheint auch als
    Keywords: Data Opacity ; Economic Growth ; Forecasting Growth ; Inadequate Data System ; Inflation ; Oil ; Oil Exporters ; Oil Importers ; Oil Prices ; Pandemic ; Recovery
    Abstract: The MENA region is facing important vulnerabilities, which the current crises-first the pandemic, then the war in Ukraine-have exacerbated. Prices of food and energy are higher, hurting the most vulnerable, and rising interest rates from the global tightening of monetary policy are making debt service more burdensome. Part I explores some of the resulting vulnerabilities for MENA. MENA countries are facing diverging paths for future growth. Oil Exporters have seen windfall increases in state revenues from the rise in hydrocarbon prices, while oil importers face heightened stress and risk-from higher import bills, especially for food and energy, and the depreciation of local currencies in some countries. Part II of this report argues that poor governance, and, in particular, the lack of government transparency and accountability, is at the root of the region's development failings-including low growth, exclusion of the most disadvantaged and women, and overuse of such precious natural resources as land and water
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  • 7
    Online Resource
    Online Resource
    Reality Check : Forecasting Growth in the Middle East and North Africa in Times of Uncertainty (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (55 pages)
    Series Statement: Middle East and North Africa Economic Update
    Parallel Title: Erscheint auch als
    Keywords: Data Opacity ; Economic Growth ; Forecasting Growth ; Inadequate Data System ; Inflation ; Oil ; Oil Exporters ; Oil Importers ; Oil Prices ; Recovery
    Abstract: The Middle East and North Africa economies face an uncertain recovery. The war in Ukraine presents significant challenges to the global economy and the MENA region. Inflationary pressures brought about by the pandemic are likely to be further exacerbated by the conflict. The potential for rising food prices is even higher, which is likely to hurt the wallets of the poor and vulnerable in the region. The COVID-19 pandemic continues to cast a shadow. As the latest variant sweeps over the region, countries grapple with a host of problems depending on initial conditions and policy priorities. The region, like the rest of the world, is not out of the woods yet. Vaccinations remain the effective path out of the pandemic, leading to lower hospitalizations and death rates. Testing helps curb the spread. During times of uncertainty, it is important to not be overconfident about the region's growth prospects. Growth forecasts serve as a significant signpost for policymakers to chart a path forward. Over the last decade, growth forecasts in the MENA region have often been inaccurate and overly optimistic, which can lead to economic contractions down the road due to ebullient borrowing. There is considerable room for the region to improve its forecasts that are largely hindered by opaque data systems, growth volatility and conflict. The MENA region lags considerably in the timely production of credible statistics. A key finding of the report is that the best way to improve forecasters is to provide forecasters with as much good quality information as possible
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  • 8
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    Online Resource
    The Human Capital of Firms and the Formal Training of Workers (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (52 pages)
    Parallel Title: Erscheint auch als Islam, Asif M The Human Capital of Firms and the Formal Training of Workers
    Keywords: Competitiveness and Competition Policy ; Educated Labor Shortage ; Firm-Level Data ; HR Management Practices ; Human Capital Investment Benefits ; Invest In Training ; Labor Market ; Management Practices Competitiveness ; On The Job Training ; Poverty Reduction ; Private Sector Development ; Skills Development ; Skills Development and Labor Force Training ; Social Protections and Labor ; Training Finance ; Vocational and Technical Education ; Vocational Training ; World Bank Enterprise Survey 2019/2020
    Abstract: The benefits of formal training are numerous, and yet in many regions few firms utilize them. This study builds on the literature by exploring how two forms of human capital-the quality of management practices and the proportion of university educated employees-influence the adoption of formal training. Using both cross-sectional and panel firm-level data for 29 economies in Eastern Europe and Central Asia and six economies in the Middle East and North Africa, the study finds that firm management practices are positively correlated with the implementation of formal training in Eastern Europe and Central Asia but not in the Middle East and North Africa. The proportion of university educated workers is positively correlated with formal training in both regions, but the finding is more robust for the Middle East and North Africa. These findings imply significant heterogeneity across regions in the determinants of formal training, suggesting that policies should be context specific
    DOI: 10.1596/1813-9450-10063
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  • 9
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    Online Resource
    Overconfident : How Economic and Health Fault Lines Left the Middle East and North Africa Ill-Prepared to Face COVID (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource (55 pages)
    Series Statement: Middle East and North Africa Economic Update
    Parallel Title: Erscheint auch als
    Keywords: Current Account ; Economic Growth ; External Balances ; Fiscal Balance ; Oil ; Oil and Gas ; Oil Exporters ; Oil Importers ; Oil Prices ; Productivity
    Abstract: Overconfident: How Economic and Health Fault Lines Left the Middle East and North Africa Ill-Prepared to Face COVID This report examines the region's economic prospects in 2021, forecasting that the recovery will be both tenuous and uneven as per capita GDP level stays below pre-pandemic levels. COVID-19 was a stress-test for the region's public health systems, which were already overwhelmed even before the pandemic. Indeed, a decade of lackluster economic reforms left a legacy of large public sectors and high public debt that effectively crowded out investments in social services such as public health. This edition points out that the region's health systems were not only ill-prepared for the pandemic, but suffered from over-confidence, as authorities painted an overly optimistic picture in self-assessments of health system preparedness. Going forward, governments must improve data transparency for public health and undertake reforms to remedy historical underinvestment in public health systems
    DOI: 10.1596/978-1-4648-1798-4
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