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  • MPI Ethno. Forsch.  (24)
  • Bayreuth UB
  • FID-SKA-Lizenzen
  • OLC Ethnologie
  • 2005-2009  (24)
  • 1960-1964
  • [Washington, D.C] : World Bank  (24)
  • Boston, MA : Safari
  • Industrial productivity  (18)
  • Investments  (10)
Datenlieferant
  • MPI Ethno. Forsch.  (24)
  • Bayreuth UB
  • FID-SKA-Lizenzen
  • OLC Ethnologie
Materialart
Sprache
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Jahr
  • 1
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: 2009 World Bank eLibrary Also available in print
    Serie: Policy research working paper 4930
    Paralleltitel: Iacovone, Leonardo The better you are the stronger it makes you
    Schlagwort(e): Free trade ; Industrial productivity ; Free trade ; Industrial productivity
    Kurzfassung: "This paper studies how liberalization affects productivity growth using micro-level plant data. While previous studies have already shown the existence of a positive relationship between competition and economic performance, the novelty of this paper is that it analyzes not only the average impact of liberalization, but also goes "beyond the average" and shows how the liberalization can affect dissimilar plants in a different way. The author first develops a model which predicts that, while the impact of liberalization on productivity growth is positive "on average", more advanced firms tend to benefit more. In fact, liberalization generates two competing effects: on one side it spurs more innovative efforts because of the increased entry threat by foreign competitors, on the other side, enhanced competition curtails expected profits and reduces the funds available to finance innovative activities. The pro-competitive effect is weaker for less advanced firms as for them it is harder to catch-up with the "technology frontier". These predictions are then tested focusing on Mexican plants during the NAFTA liberalization. The results show that a 1 percent reduction in tariffs spurred productivity growth between 4 and 8 percent on average. However, for backward firms this effect is much weaker if not close to zero, otherwise for more advanced ones this effect is stronger with productivity growing between 11 and 13 percent. Consistent with the theoretical model the results are stronger in those sectors where the scope for innovative activities is more pronounced. These results are particularly important for policy makers because they suggest that while increasing competition may be good in spurring average productivity, it is also true that this effect does not hold for all type of firms, in particular more backward firms may need some complementary support policy to upgrade their capacities and keep up with the more competitive environment. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 5/26/2009 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: 2009 World Bank eLibrary Also available in print
    Serie: Policy research working paper 4841
    Paralleltitel: Anós Casero, Paloma What drives firm productivity growth ?
    Schlagwort(e): Industrial productivity ; Industrial productivity
    Kurzfassung: "This paper presents new evidence on the causal links between changes in the business environment and firm productivity growth. It contributes to the literature in three important aspects. First, it constructs a unique database merging information from two large firm-level databases. The samples of both databases are merged on four criteria-country, sub-national location, firm size, and year-producing a panel of 22,004 firms in eight economies of Eastern Europe and the former Soviet Union: Bulgaria, Croatia, Czech Republic, Estonia,, Poland, Romania, Serbia, and Ukraine. Second, the paper addresses shortcomings of earlier studies, namely reverse causation, multicollinearity, and unreliable productivity estimates. Firm productivity growth is estimated drawing on corporate financial data from manufacturing firms included in the AMADEUS database. Changes in the business environment are estimated from the World Bank Enterprise Surveys conducted in 2002 and 2005. Multicollinearity problems in the full model regression are mitigated by constructing a set of six aggregate indicators of the business environment (using principal component analysis). The paper finds that, over the period 2001 to 2004, an increase of one standard deviation in infrastructure quality, financial development, governance, labor market flexibility, labor quality, and market competition raises the total factor productivity of the average firm by 9.8, 7.8, 3.2, 3.4, 5.8, and 3 percent, respectively. Lastly, the paper decomposes firm productivity growth and ranks the relative impact of changes in these six aspects of the business environment by country, by firm size, and by industry. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 5/8/2009 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: 2009 World Bank eLibrary Also available in print
    Serie: Policy research working paper 4869
    Paralleltitel: Kinda, Tidiane Firms' productive performance and the investment climate in developing economies
    Schlagwort(e): Industrial productivity ; Investments ; Industrial productivity ; Investments
    Kurzfassung: "Drawing on the World Bank Investment Climate Assessment surveys, this paper investigates the relationship between firm-level technical efficiency and the investment climate for 22 developing economies and eight manufacturing industries. The authors first propose three measures of firms' productive performance: labor productivity, total factor productivity, and technical efficiency. They show that, on average, enterprises in the Middle East and North Africa have performed poorly compared with other countries in the sample. The exception is Morocco, whose various measures of firm-level productivity rank close to the ones of the most productive economies. The analysis also reveals that the competitiveness of countries in the region has been handicapped by high unit labor cost, compared with main competitors like China and India. The empirical results show then? that the investment climate matters for firms' productive performance. This is true (depending on the industry) for the quality of various infrastructure, the experience and education level of the labor force, the cost of and access to financing, as well as different dimensions of the government-business relation. The analysis reveals that some industries, more exposed to international competition, are more sensitive to investment climate deficiencies. For some industries, this is also true for small and medium domestic enterprises that do not have the possibility to influence their investment climate or choose their location. These findings bear clear policy implications by showing that increasing firms' size and improving the investment climate (in particular of small and medium firms and industries more exposed to international competition) could constitute a powerful means of industrial development and competitiveness, in the Middle East and North Africa region in particular. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 3/25/2009 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: 2009 World Bank eLibrary Also available in print
    Serie: Policy research working paper 4828
    Paralleltitel: Schiff, Maurice W North-south trade-related technology diffusion, brain drain and productivity growth
    Schlagwort(e): Brain drain ; Diffusion of innovations ; Industrial productivity ; Brain drain ; Diffusion of innovations ; Industrial productivity
    Kurzfassung: "The economies of small developing states tend to be more fragile than those of large ones. This paper examines this issue in a dynamic context by focusing on the impact of the brain drain on North-South trade-related technology diffusion and total factor productivity growth in small and large states in the South. There are three main findings. First, productivity growth increases with North-South trade-related technology diffusion and education and the interaction between the two, and decreases with the brain drain. Second, the impact of North-South trade-related technology diffusion, education, and their interaction on productivity growth in small states is more than three times that for large countries, with the negative impact of the brain drain thus more than three times greater in small than in large states. And third, the greater loss in productivity growth in small states has two brain drain-related causes: a substantially greater sensitivity of productivity growth to the brain drain, and brain drain levels that are more than five times greater in small than in large states. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 5/8/2009 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 4730
    Paralleltitel: Fernandes, Ana Margarida Foreign direct investment in services and manufacturing productivity growth
    Schlagwort(e): Industrial productivity ; Investments, Foreign ; Industrial productivity ; Investments, Foreign
    Kurzfassung: "During the 1990s, foreign direct investment in producer service sectors in Latin America was massive. Such investment may increase the quality of services, reduce their cost, and offer opportunities for knowledge spillovers to downstream users of the services. This paper examines the effects of foreign direct investment in services on manufacturing productivity growth in Chile between 1992 and 2004. The authors estimate an extended production function where plant output growth depends on input growth and a weighted measure of foreign direct investment in services. The novelty of the approach is that the authors are able to assess the intensity of usage of various types of services at the plant level and use that information in the estimation of the importance of foreign direct investment in those services. The econometric results show a positive and significant effect of foreign direct investment in services on productivity growth of Chilean manufacturing plants which is robust to a multitude of tests. The economic impact of the estimates is that forward linkages from foreign direct investment in services account for almost 5 percent of the observed increase in Chilean manufacturing productivity growth during the sample period. This evidence therefore suggests that reducing the barriers restricting foreign direct investment in services in many developing economies may help accelerate productivity growth in their manufacturing sectors. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 5/12/2009 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 4792
    Paralleltitel: Dethier, Jean-Jacques Explaining enterprise performance in developing countries with business climate survey data
    Schlagwort(e): Industrial productivity ; Industrial productivity ; Developing countries Economic conditions ; Developing countries Economic conditions
    Kurzfassung: "This paper surveys the recent literature which examines the impact of business climate variables on productivity and growth in developing countries using enterprise surveys. Comparable enterprise surveys today cover some 70,000 firms in over 100 countries around the world. The literature that has analyzed this data provides evidence that a good business climate drives growth by encouraging investment and higher productivity. Various infrastructure, finance, security, competition and regulation variables have been shown to significantly impact firm performance. Section 1 of this paper outlines the theoretical framework that underpins the investment climate literature. Section 2 describes the available datasets and surveys the key findings of the empirical literature, first macroeconomic and then microeconomic studies. Particular attention is paid to the robustness of the reported results. Section 3 highlights important econometric issues common to this literature and suggests a research agenda and possible improvements in survey design. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 5/8/2009 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3876
    Paralleltitel: Impavido, Gregorio Competition and performance in the Hungarian second pillar
    Schlagwort(e): Investments ; Pensions Governemnt policy ; Investments ; Pensions Governemnt policy
    Kurzfassung: "The performance of the Hungarian second pillar since inception has been mixed. This is partly due to a less than satisfactory support for the 1997 pension reform, conservative fund portfolio distributions, the hybrid nature of the mandatory pension fund system, the segmented nature of the market in terms of costs, and a less than aggressive commitment on the part of the Hungarian Financial Supervisory Authority to a low-cost, transparent, and competitive equilibrium. In the accumulation phase, the authorities would need to further promote transparency and comparability of information on costs and investment performance, facilitate migration to lower cost funds, and more generally promote competition. The regulatory framework of the payout phase needs to be overhauled before the first cohort of workers retires. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 4/5/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3921
    Paralleltitel: Gatti, Roberta Does access to credit improve productivity?
    Schlagwort(e): Credit ; Industrial productivity ; Credit ; Industrial productivity
    Kurzfassung: "Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth on the micro-level is scant. Using data from a cross section of Bulgarian firms, the authors estimate the impact of access to credit (as proxied by indicators of whether firms have access to a credit or overdraft facility) on productivity. To overcome potential omitted variable bias of OLS estimates, they use information on firms' past growth to instrument for access to credit. The authors find credit to be positively and strongly associated with total factor productivity. These results are robust to a wide range of robustness checks. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 5/17/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3925
    Paralleltitel: Karacaovali, Baybars Productivity matters for trade policy
    Schlagwort(e): Free trade ; Industrial productivity ; Tariff ; Free trade ; Industrial productivity ; Tariff
    Kurzfassung: "There is a growing literature that investigates the effect of trade liberalization on productivity. Nearly all such studies assume that trade policy is determined independently of productivity, hence it is exogenous. The author shows that this assumption is not valid in general, both theoretically and empirically, and that researchers may be underestimating the positive effect of liberalization on productivity when they do not account for the endogeneity bias. On the theory side, he demonstrates that under a standard political economy model of trade protection, productivity directly influences tariffs. Moreover, this productivity-tariff relationship partly determines the extent of liberalization across sectors even in the presence of a large exogenous unilateral liberalization shock that affects all sectors. The link between productivity and tariffs is maintained after the author includes in his political economy model a learning-by-doing motive of protection, which also serves as the source of liberalization. On the empirical side, he examines total factor productivity (TFP) estimates obtained at the firm level for Colombia between 1983 and 1998, and finds that more productive sectors receive more protection within this period. In estimating the effect of productivity on tariffs, he controls for the endogeneity of the two main right-hand-side variables-the inverse import penetration to import demand elasticity ratio and productivity-by using materials prices, the capital to output ratio, a measure of scale economies, and the TFP of the upstream industries as robust instruments. The author also accounts for the large trade liberalization between 1990 and 1992, and finds that the sectors with a higher productivity gain are liberalized less. Finally, he illustrates a system of equations estimation and shows that the positive impact of liberalization on productivity grows stronger when corrected for the endogeneity bias. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 9/1/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3988
    Paralleltitel: Fernandes, Ana Margarida Firm productivity in Bangladesh manufacturing industries
    Schlagwort(e): Industrial productivity ; Industrial productivity
    Kurzfassung: "The author studies the determinants of total factor productivity (TFP) for manufacturing firms in Bangladesh using data from a recent survey. She obtains TFP measures by making use of firm-specific deflators for output and inputs. Controlling for industry, location, and year fixed effects, she finds that: (1) firm size and TFP are negatively correlated; (2) firm age and TFP exhibit an inverse-U shaped relationship; (3) TFP improves with the quality of the firm's human capital; (4) global integration improves TFP; (5) firms with research and development activities and quality certifications have higher TFP, while more advanced technologies improve TFP only in the presence of significant absorptive capacity; (6) power supply problems cost firms heavily in terms of TFP losses; and (7) the presence of crime dampens TFP. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 8/21/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 11
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3829
    Paralleltitel: Bogetic, Željko Forecasting investment needs in South Africa's electricity and telecommunications sectors
    Schlagwort(e): Electric power ; Investments ; Telecommunication ; Electric power ; Investments ; Telecommunication
    Kurzfassung: "The authors use a panel-data set for the period 1980-2002 to estimate demand for electricity and telecommunications services and project investment needs in South Africa through 2010 for two growth scenarios. Projections of average annual investment needs in electricity and telecommunications for the current growth scenario (3.6 percent a year) are of the order of 0.2 percent and 0.75 percent of GDP, respectively. An alternative, accelerated growth scenario (6 percent a year) implies approximate doubling of investment needs in these sectors. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 1/26/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 12
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3532
    Paralleltitel: Adams, Richard H. Jr Remittances, household expenditure and investment in Guatemala
    Schlagwort(e): Emigrant remittances ; Households ; Investments ; Emigrant remittances ; Households ; Investments
    Kurzfassung: "The author uses a large household data set from Guatemala to analyze how the receipt of internal remittances (from Guatemala) and international remittances (from the United States) affects the marginal spending behavior of households on various consumption and investment goods. Contrary to other studies, the author finds that households receiving remittances actually spend less at the margin on consumption-food and consumer goods and durables-than do households receiving no remittances. Instead of spending on consumption, households receiving remittances tend to spend more on investment goods, like education, health, and housing. The analysis shows that a large amount of remittance money goes into education. At the margin, households receiving internal and international remittances spend 45 and 58 percent more, respectively, on education, than do households with no remittances. These increased expenditures on education represent investment in human capital. Like other studies, the author finds that remittance-receiving households spend more at the margin on housing. These increased expenditures on housing represent a type of investment for the migrant, as well as a means for boosting local economic development by creating new income and employment opportunities for skilled and unskilled workers. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 4/12/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 13
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3544
    Paralleltitel: Fernandes, Ana Margarida Learning-by-doing, learning-by-exporting, and productivity
    Schlagwort(e): Exports ; Industrial productivity ; Exports ; Industrial productivity
    Kurzfassung: "The empirical evidence on whether participation in export markets increases plant-level productivity has been inconclusive so far. The authors explain this inconclusiveness by drawing on Arrow's (1962) characterization of learning-by-doing, which suggests focusing on young plants and using measures of export experience rather than export participation. They find strong evidence of learning-by-exporting for young Colombian manufacturing plants between 1981 and 1991: total factor productivity increases 4-5 percent for each additional year a plant has exported, after controlling for the effect of current exports on total factor productivity. Learning-by-exporting is more important for young than for old plants and in industries that deliver a larger percentage of their exports to high-income countries. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 4/7/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 14
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3633
    Paralleltitel: Kuijs, Louis Investment and saving in China
    Schlagwort(e): Investments ; Saving and investment ; Investments ; Saving and investment
    Kurzfassung: "The author analyzes sectoral patterns of investment and saving in China-over time and compared with other countries-to shed light on the factors driving high investment and on how saving is channeled into investment. The findings inform several policy debates. Key findings include: (1) investment by enterprises distinguishes China from other countries and explains most of the variation over time; (2) high household saving explains only a part of the large difference in national saving between China and other countries-the majority is explained by high saving of the government and enterprises (through retained earnings); and (3) only about one-third of enterprise investment is financed via the financial sector, a lower share than in the early 1990s. The author also explores explanations behind high saving of the government and enterprises. His findings have three sets of policy implications. First, the identified financing patterns put in perspective the exposure of the financial sector to investment-related risks but, against a background of concerns about suboptimal allocation of capital, bring to the fore corporate governance, dividend policy, and transparency and accountability of public funds. Second, the findings suggest policy adjustments that would help in achieving the government's goals of improving the quality of growth and increasing the role of consumption. Third, long term saving prospects and the impact of financial sector and pension policies are discussed. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 8/23/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 15
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3661
    Paralleltitel: Agénor, Pierre-Richard Public infrastructure and private investment in the Middle East and North Africa
    Schlagwort(e): Infrastructure (Economics) ; Infrastructure (Economics) ; Infrastructure (Economics) ; Investments ; Investments ; Investments ; Infrastructure (Economics) ; Infrastructure (Economics) ; Infrastructure (Economics) ; Investments ; Investments ; Investments
    Kurzfassung: "The authors examine the impact of public infrastructure on private capital formation in three countries of the Middle East and North Africa-Egypt, Jordan, and Tunisia. They highlight various channels through which public infrastructure may affect private investment. Then they describe their empirical framework, which is based on a vector autoregression (VAR) model that accounts for flows and (quality-adjusted) stocks of public infrastructure, private investment, as well as changes in output, private sector credit, and the real exchange rate. The authors propose two aggregate measures of the quality of public infrastructure and use principal components to derive a composite indicator. Their analysis suggests that public infrastructure has both "flow" and "stock" effects on private investment in Egypt, but only a "stock" effect in Jordan and Tunisia. But these effects are small and short-lived, reflecting the unfavorable environment for private investment in their sample of countries. Reducing unproductive public capital expenditure and improving quality must be accompanied by policy reforms aimed at limiting investment to infrastructure capital that crowds in the private sector and corrects for fundamental market failures. This will entail privatization and greater involvement of the private sector in infrastructure investment. While infrastructure (in the form of the provision of critical telecommunications, transport, and energy services) is important, other improvements in the environment in which domestic investment is conducted are crucial. These include the need to provide financing on adequate terms and guarantee a secure and efficient justice system. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 8/18/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 16
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3621
    Paralleltitel: Escribano, Alvaro Assessing the impact of the investment climate on productivity using firm-level data
    Schlagwort(e): Industrial productivity ; Industrial productivity ; Industrial productivity ; Investments ; Investments ; Investments ; Industrial productivity ; Industrial productivity ; Industrial productivity ; Investments ; Investments ; Investments
    Kurzfassung: "Developing countries are increasingly concerned about improving country competitiveness and productivity as they face the increasing pressures of globalization and attempt to improve economic growth and reduce poverty. Among such countries, investment climate assessments (ICA) have become a standard instrument for identifying key obstacles to country competitiveness and imputing their impact on productivity, in order to prioritize policy reforms for enhancing competitiveness. Given the survey objectives and the nature and limitations of the data collected, the authors discuss the advantages and disadvantages of using different productivity measures based on data at the firm level. Their main objective is to develop a methodology to appropriately estimate, in a robust manner, the productivity impact of the investment climate variables. To illustrate the use of this methodology, the authors apply it to the data collected for ICAs in three countries-Guatemala, Honduras, and Nicaragua. Observations in logarithms (logs) of the variables, and not in rates of growth, are pooled from all three countries. The econometric analysis is done with variables in logs to reduce the impact of measurement errors and allow inclusion of as many observations as possible since the "panel" data set is very unbalanced. The authors address the endogeneity of the production function inputs and of the investment climate variables by using a variant of the control function approach based on individual firm information, and by aggregating investment climate variables by industry and region. The authors show that it is possible to get robust results for 10 different productivity measures, if one follows a consistent econometric methodology of specification and estimation. For policy analysis, they recommend using those results of investment climate variables on productivity that are robust for most of the productivity measures. The also analyze efficiency aspects of firms in each country. Finally, they decompose the results to obtain country-specific impacts and establish corresponding priorities for policy reform. The actual estimates for the three countries show the level of significance of the impact of investment climate variables on productivity. Variables in several categories, red tape and infrastructure in particular, appear to account for over 30 percent of productivity. The policy implications are clear: investment climate matters enormously and the relative impact of the various investment climate variables indicates where reform efforts should be directed. Given the robustness of the results, the authors argue that the econometric methodology of productivity analysis developed here ought to be used as a benchmark to assess productivity effects for other ICAs or surveys with firm-level data of similar characteristics. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 6/6/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 17
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3664
    Paralleltitel: Lall, Somik V The impact of business environment and economic geography on plant-level productivity
    Schlagwort(e): Industrial location ; Industrial productivity ; Work environment ; Industrial location ; Industrial productivity ; Work environment
    Kurzfassung: "The authors' analysis of manufacturing plants sampled from India's major industrial centers shows large productivity gaps across cities. The gaps partly reflect differences in agglomeration economies and in market access. However, they are also explained to a greater extent by differences in the degree of labor regulation and in the severity of power shortages. This is an indication that governments can help narrow regional disparities in industrial growth by fostering the "right business environment" in locations where industry might otherwise be held back by powerful forces of economic geography. There is indeed a pattern in the data whereby geographically disadvantaged cities seem to compensate partially for their natural disadvantage by having a better business environment than more geographically advantaged locations. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 8/16/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 18
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3792
    Paralleltitel: Subramanian, Uma Measuring the impact of the investment climate on total factor productivity
    Schlagwort(e): Industrial productivity ; Industrial productivity ; Investments ; Investments ; Industrial productivity ; Industrial productivity ; Investments ; Investments
    Kurzfassung: "This study measures the impact of investment climate factors on total factor productivity (TFP) of firms in Brazil and China. The analysis is conducted in two steps: first an econometric production function is estimated to produce a measure of TFP at the firm level. In the second step, variation in TFP across firms is statistically related to a indicators of the investment climate as well as firm characteristics. The results yield a number of insights about the factors underlying productivity. In both countries, and in a variety of industry groups, indicators of poor investment climate, especially delays in customs clearance and interruptions in utility services, have significant negative effects on TFP. Reducing customs clearance time by one day in China could increase TFP by 2-6 percent. Indicators such as email usage have positive effects on TFP. In the case of China, state-owned firms and firms located in the interior are shown to be much less productive than privately owned firms and firms located in the east. In Brazil, the results present an interesting contrast between the apparel industry and the electronics industry. In the apparel industry, older firms in competitive markets are more productive, while in the case of electronics, newer firms with higher market shares are more productive. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 12/9/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 19
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3495
    Paralleltitel: Bravo-Ortega, Claudio Does asymmetric information cause the home equity bias?
    Schlagwort(e): Home equity loans ; Investments ; Portfolio management ; Home equity loans ; Investments ; Portfolio management
    Kurzfassung: "The home equity bias is one of the many puzzles existing in international finance. This puzzle is characterized by the concentration of domestic equity in any investor's portfolio, which is in contradiction with the benchmark of full diversification in a world mutual fund. Based on Admati's (1985) and Gehrig's (1993) noisy rational expectation models, Bravo-Ortega tries to explain the effect of asymmetric information in the home equity bias puzzle. While asymmetric information helps to explain the puzzle for the case of one domestic and one foreign equity, this result relies on very restrictive assumptions. Using a model with one domestic asset and two foreign assets, the author illustrates that asymmetries of information are also consistent with home equity bias reversals. One proposition generalizes these results. Simulations corroborate the main theoretical predictions of the model presented by the author. This paper is a product of the Office of the Chief Economist, Latin America and the Caribbean Region"--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 1/24/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 20
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3597
    Paralleltitel: Arnold, Jens Matthias Gifted kids or pushy parents?
    Schlagwort(e): Exports ; Industrial productivity ; International business enterprises ; Exports ; Industrial productivity ; International business enterprises
    Kurzfassung: "This paper uses micro data from the Indonesian Census of Manufacturing to analyze the causal relationship between foreign ownership and plant productivity. To control for the possible endogeneity of the FDI decision, the difference in differences approach is combined with a matching technique. An advantage of this novel method is the ability to follow the timing of the observed changes in productivity and other aspects of plant performance. The results suggest that foreign ownership leads to significant productivity improvements in the acquired plants. The improvements become visible in the acquisition year and continue in the subsequent periods. After three years, the acquired plants outperform the control group in terms of productivity by 34 percentage points. The data also suggest that the rise in productivity is a result of restructuring, as acquired plants increase their investment outlays, employment, and wages. Foreign ownership also appears to enhance the integration of plants into the global economy through increased exports and imports. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 5/16/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 21
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3680
    Paralleltitel: Raddatz, Claudio E Are external shocks responsible for the instability of output in low income countries?
    Schlagwort(e): Business cycles ; Industrial productivity ; Business cycles ; Industrial productivity
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 9/1/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 22
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3666
    Paralleltitel: Nakane, Márcio Issao Bank privatization and productivity
    Schlagwort(e): Banks and banking ; Industrial productivity ; Privatization ; Banks and banking ; Industrial productivity ; Privatization
    Kurzfassung: "Over the past decade, the Brazilian banking industry has undergone major and deep transformations with several privatizations of state-owned banks, mergers and acquisitions, closing down of troubled banks, entry by foreign banks, and so on. The purpose of this paper is to evaluate the impacts of these changes in banking on total factor productivity. The authors first obtain measures of bank level productivity by employing the techniques due to Levinsohn and Petrin (2003). They then relate such measures to a set of bank characteristics. Their main results indicate that state-owned banks are less productive than their private peers, and that privatization has increased productivity. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 8/19/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 23
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3681
    Paralleltitel: Goldberg, Itzhak Productivity, ownership, and the investment climate
    Schlagwort(e): Industrial productivity ; Investments ; Privatization ; Industrial productivity ; Investments ; Privatization
    Kurzfassung: "The authors use data on 27,000 firms from 50 countries, half of which are transition economies, together with the case of Serbia to examine the relationship between productivity, the investment climate, and private ownership of firms. As government capacity to address investment climate constraints is limited, the prioritization of the constraints is critical. Identification of the relative effects of various investment climate constraints and ownership on productivity should serve as a guide for such prioritization. Although ownership has recently received less attention in policy decisions than before, according to the econometric analysis of productivity reported by the authors, private ownership is an equally or more important determinant of productivity than other components of the investment climate. The importance of ownership shows that an unfinished privatization and restructuring agenda might have negative effects on productivity, in parallel to poor investment climate. Another important finding is that countries in which firms complain more about infrastructure tend to have less productive firms. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 8/12/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 24
    Online-Ressource
    Online-Ressource
    [Washington, D.C] : World Bank
    Sprache: Englisch
    Seiten: Online-Ressource
    Ausgabe: Online-Ausg. World Bank E-Library Archive Also available in print
    Serie: Policy research working paper 3728
    Paralleltitel: Almeida, Rita Local economic structure and growth
    Schlagwort(e): Industrial productivity ; Regional economic disparities ; Technological innovations Economic aspects ; Industrial productivity ; Regional economic disparities ; Technological innovations Economic aspects ; Portugal Economic conditions 1974- ; Regional disparities ; Portugal Economic conditions 1974- ; Regional disparities
    Kurzfassung: "The author tests how the local economic structure-measured by a region's sector specialization, competition, and diversity-affects the technological growth of manufacturing sectors. Most of the empirical literature on this topic assumes that in the long run more productive regions will attract more workers and use employment growth as a measure of local productivity growth. However, this approach is based on strong assumptions about national labor markets. The author shows that when these assumptions are relaxed, regional adjusted wage growth is a better measure of regional productivity growth than employment growth. She compares the two measures using data for Portugal between 1985 and 1994. With the regional adjusted wage growth, the author finds evidence of Marshall-Arrow-Romer (MAR) externalities in some sectors and no evidence of Jacobs or Porter externalities in most of the manufacturing sectors. These results are at odds with her findings for employment-based regressions, which show that concentration and region size have a negative and significant effect in most of the manufacturing sectors. These employment-based results are in line with most of the existing literature, which suggests that using employment growth to proxy for productivity growth leads to misleading results. "--World Bank web site
    Anmerkung: Includes bibliographical references , Title from PDF file as viewed on 9/23/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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