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  • Lederman, Daniel  (58)
  • Iimi, Atsushi
  • Washington, D.C : The World Bank  (93)
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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 2
    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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  • 3
    Language: English
    Pages: 1 Online-Ressource (31 pages)
    Parallel Title: Erscheint auch als Iimi, Atsushi Agglomeration Economies and Transport Connectivity Revisited: A Regional Perspective based on Evidence from the Caucasus and Central Asian Countries
    Keywords: Dynamic Panel Data Regression ; Firm Agglomeration ; International Economics and Trade ; Local Market Accessibility ; Regional Connectivity ; Rural Development ; Rural Roads and Transport ; Trade and Regional Integration ; Trade and Transport ; Transport Connectivity ; Urban Development
    Abstract: Transport connectivity is an important determinant of agglomeration economies and urbanization. However, measuring its impacts is a complex task when causality is considered. An important empirical challenge comes from potential endogeneity of infrastructure placement. To deal with the endogeneity problem, first, the paper constructs detailed georeferenced connectivity measurements based on micro shipping data collected over 10 years. Then, the system generalized method of moments regression is applied. Using unique data from the Caucasus and Central Asian countries, the paper estimates the impact of transport connectivity on agglomeration economies. It finds that agglomeration economies are significant and persistent in the region. Thus, the existing firm clusters are likely to continue growing. However, a constraint is also found. Large cities exhibit congestion diseconomies. Finally, the paper shows that the improvement of transport connectivity, especially local market accessibility, has a significant effect on agglomeration. By contrast, no clear evidence to support the impact of improved regional connectivity on agglomeration is observed yet. To take full advantage of agglomeration economies at the regional level, further efforts may be needed, for instance, toward increasing efficiency in transportation and logistics, improving the freight load, and/or reducing the time and costs of border crossing, which add to overall transport costs and times
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  • 4
    Language: English
    Pages: 1 Online-Ressource (28 pages)
    Parallel Title: Erscheint auch als Iimi, Atsushi Estimating Road Freight Transport Costs in Eastern Europe and Central Asia using Large Shipping Data
    Keywords: International Economics and Trade ; Regional Integration ; Road Freight Rates ; Rural Development ; Rural Roads and Transport ; Shipping Charge Elasticity ; Shipping Cost Increase ; Supply Chain ; Trade and Transport
    Abstract: The recent global crises, such as the COVID-19 crisis, remind us of the importance of efficient transportation and logistics. Notably, however, even before the crises, some regions were already experiencing a gradual increase in freight costs, with more and more empty trucks observed. The paper recasts light on the question of how road freight costs are determined using large, unique shipping data from Eastern European and Central Asian countries. It finds that economies of scale are significant in both freight weight or load factor and distance. The elasticity with respect to freight weight is particularly high at about 0.3 to 1.0 in absolute terms. Thus, to contain trucking costs, it is important to maximize the load factor through freight consolidation at origins and destinations. The elasticity with respect to distance is relatively modest at 0.04 to 0.16 in absolute terms but still statistically significant, indicating that distance may not necessarily be a constraint on trade and regional integration. Trucking costs also decrease with driving speed, a proxy for efficiency of movements or road conditions. The elasticity is significant for food products (-0.03) and other consumer goods (-0.11). Finally, the paper finds that border crossing adds 3-4 percent to freight costs
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  • 5
    Language: English
    Pages: 1 Online-Ressource (47 pages)
    Parallel Title: Erscheint auch als Cull, Robert Digital Payments and the COVID-19 Shock: The Role of Preexisting Conditions in Banking, Infrastructure, Human Capabilities, and Digital Regulation
    Keywords: Covid-19 Lockdown ; Covid-19 Shock ; Digital Divide ; Digital Infrastructure ; Digital Payment ; Finance and Financial Sector Development ; Financial Inclusion ; ICT Policy and Strategies ; Information and Communication Technologies
    Abstract: Treating data collected pre- and post-COVID-19 as a quasi-experiment, this paper examines the importance of presumed enablers and safeguards in driving the observed expansion of digital payments and digital financial inclusion. The analysis interacts drivers of digital payment usage with a country-specific proxy of the severity of the COVID-19 shock, leveraging variation in both the drivers and the quasi-treatment (the COVID-19 shock) to identify the parameters. Although regulation of banks and digital economic activity were correlated with digital payments before and during the pandemic, the capabilities of users and connectivity (to electricity, the internet, and mobile telephony) were responsible for increased use of digital financial services in response to the shock. An interpretation is that governments and the private sector were able to overcome underdeveloped banking systems and weak regulation of the digital economy, but only where there was adequate digital infrastructure, connectivity, and a high share of the population that understood and could make use of digital payments
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  • 6
    Language: English
    Pages: 1 Online-Ressource (55 pages)
    Series Statement: Middle East and North Africa Economic Update
    Parallel Title: Erscheint auch als
    Keywords: Adjustments ; Covid-19 ; Currency Depreciations ; Growth ; Inflation ; Jobs ; Labor Markets ; MENA ; Middle East ; Middle East and North Africa ; North Africa ; Shocks ; Terms of Trade ; Wages
    Abstract: Covid-19. The Russian invasion of Ukraine. Commodity price volatility. The rise of global inflation and interest rates. Currency depreciations among indebted middle-income economies. And now, natural disasters. As a sequence of events, the consequences can be both tragic and long-lasting. After analyzing the macroeconomic prospects of the Middle East and North Africa (MENA) Region, this edition of the regional Economic Update assesses the human toll of macroeconomic shocks in terms of lost jobs and deteriorating livelihoods of the people of MENA. Growth is forecast to decelerate in 2023 after experiencing an oil-price induced growth spurt in 2022 among the high-income oil exporters of the region. Yet as the region continues to recover from the impact of the COVID-19 shock and navigates the heightened volatility in its terms of trade, the region's labor force is contending with the ramifications for their livelihoods of the inflationary pressures associated with currency fluctuations in some countries. The authors estimate that the macroeconomic shocks of 2020-22 led to an additional 5.1 million individuals becoming unemployed in MENA. Will these shocks permanently scar the hard-working people of MENA? The report answers this question by highlighting the trade-offs facing labor markets when facing macroeconomic shocks. A critical trade-off pertains to the loss of jobs versus decreases in real incomes, neither of which is desirable. The report advocates for maintaining the flexibility of real wages and discusses policy options to support the most vulnerable
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  • 7
    Language: English
    Pages: 1 Online-Ressource (39 pages)
    Parallel Title: Erscheint auch als Gatti, Roberta Data Transparency and GDP Growth Forecast Errors
    Keywords: Data Transparency ; Economic Forecasting ; Economic Outlook ; Forecast Error ; GDP Growth Forecast ; Macroeconomics and Economic Growth ; Optimism ; Statistical Capacity
    Abstract: This paper examines the role of a country's data transparency in explaining gross domestic product growth forecast errors. It reports four sets of results that have not been previously reported in the existing literature. First, forecast errors-the difference between forecasted and realized gross domestic product growth-are large. Globally, between 2010 and 2020, the average same-year forecast error was 1.3 percentage points for the World Bank's forecasts published in January of each year, and 1.5 percentage points for the International Monetary Fund's January forecasts. Second, the Middle East and North Africa region has the largest forecast errors compared to other regions. Third, data capacity and transparency significantly explain forecast errors. On average, an improvement in a country's Statistical Capacity Index, a measure of data capacity and transparency, is associated with a decline in absolute forecast errors. A one standard deviation increase in the log of the Statistical Capacity Index is associated with a decline in absolute forecast errors by 0.44 percentage point for World Bank forecasts and 0.49 percentage point for International Monetary Fund forecasts. The results are robust to a battery of control variables and robustness checks. Fourth, the role of the overall data ecosystem, not just those elements related to gross domestic product growth forecasting, is important for the accuracy of gross domestic product growth forecasts. Finally, gross domestic product growth forecasts from the World Bank are more accurate and less optimistic than those from the International Monetary Fund and the private sector
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  • 8
    Language: English
    Pages: 1 Online-Ressource (35 pages)
    Parallel Title: Erscheint auch als Arias, Francisco Plant Closings and the Labor Market Outcomes of Displaced Workers: Evidence from Mexico
    Keywords: Difference in Difference ; Education ; Education and Employment ; Employment and Unemployment ; Gender ; Gender and Economic Policy ; Gender and Employment ; Job Displacement ; Job Loss Impact by Education ; Labor Market ; Poverty Reduction ; Wages ; Wages, Compensation and Benefits
    Abstract: This paper investigates the impacts of job displacement on subsequent labor market outcomes, focusing on differentiated effects by educational groups and gender. The findings show that job separations caused by plant closings result in sizable and long-lasting wage reductions, with an average decline of -7.5 percent over a nine-year period relative to workers who did not experience job losses. A stronger effect is estimated for highly educated workers than for low educated workers, with initial effects being 18.4 and 9 percent wage drops, respectively. For working hours, the effect on low educated workers is double the effect on highly educated workers, with 3.0 and 1.5 additional hours per week, respectively. Using the rotating panel of the survey, difference in differences coefficients are estimated, removing time-invariant individual heterogeneity. Compared to ordinary least squares, the difference in differences estimates reduce the magnitude of the average impacts of plant closing on wages, from -7.5 to -4.7 percent, and on working hours from 1.4 to 0.53 additional hours. These results suggest that the ordinary least squares estimates are upwardly biased due to omitted individual worker heterogeneity. The paper discusses another potential remaining source of endogeneity concerning the quality of the match between employers and workers
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (42 pages)
    Parallel Title: Erscheint auch als Iimi, Atsushi Estimating the Demand for Informal Public Transport: Evidence from Antananarivo, Madagascar
    Keywords: Demand Analysis ; Energy ; Energy Production and Transportation ; Environment ; Informal Public Transport ; Informal Transportation ; Infrastructure Economics and Finance ; Pollution Management and Control ; Population Growth ; Private Participation in Infrastructure ; Traffic Congestion ; Transport Globl Knowledge and Expertise ; Urban Environment ; Urban Infrastructure ; Urban Mobility ; Urban Transport ; Urban Transportation
    Abstract: Informal public transport has been growing rapidly in many developing countries. Because urban infrastructure development tends to lag rapid population growth, informal public transport often meets the growing gap between demand and supply in urban mobility. Despite the rich literature primarily focused on formal transport modes, the informal transport sector is relatively unknown. This paper analyzes the demand behavior in the "informal" minibus sector in Antananarivo, Madagascar, taking advantage of a recent user survey of thousands of people. It finds that the demand for informal public transport is generally inelastic. Essentially, people have no other choice. While the time elasticity is estimated at -0.02 to -0.05, the price elasticity is -0.05 to -0.06 for short-distance travelers, who may have alternative choices, such as motorcycle taxi or walking. Unlike formal public transportation, the demand also increases with income. Regardless of income level, everyone uses minibuses. The estimated demand functions indicate that people prefer safety and more flexibility in transit. The paper shows that combining these improvements and fare adjustments, the informal transport sector can contribute to increasing people's mobility and reducing traffic congestion in the city
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  • 10
    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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  • 11
    Language: English
    Pages: 1 Online-Ressource (94 pages)
    Parallel Title: Erscheint auch als
    Abstract: The argument that digitalization fosters economic activity has been strengthened by the global COVID-19 pandemic. Because digital technologies are general-purpose technologies that are usable across a wide variety of economic activities, the gains from achieving universal coverage of digital services are likely to be large and shared throughout each economy. However, the Middle East and North Africa region suffers from a "digital paradox": the region's population uses social media more than expected for its level of gross domestic product (GDP) per capita but uses the internet or other digital tools to make payments less than expected. The Upside of Digital for the Middle East and North Africa: How Digital Technology Adoption Can Accelerate Growth and Create Jobs presents evidence that the socioeconomic gains of digitalizing the economies of the region are huge: GDP per capita could rise by more than 40 percent; manufacturing revenue per unit of factors of production could increase by 37 percent; employment in manufacturing could rise by 7 percent; tourist arrivals could rise by 70 percent, creating jobs in the hospitality sector; long-term unemployment rates could fall to negligible levels; and female labor force participation could double to more than 40 percent. To reap these gains, universal access to digital services is crucial, as is their widespread use for economic purposes. The book explores how fast the region could approach universal coverage, whether targeting the rollout of digital infrastructure services makes a difference, and what is needed to increase the use of digital payment tools. The authors find that targeting underserved populations and areas can accelerate the achievement of universal access, while fostering competition and improving the functioning of financial and telecommunications sectors can encourage the adoption of digital technologies. In addition, building societal trust in the government and in related institutions such as banks and financial services is critical for fostering the increased use of digital payment tools
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  • 12
    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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  • 13
    Language: English
    Pages: 1 Online-Ressource (24 pages)
    Parallel Title: Erscheint auch als Yuting Fan, Rachel Calamities, Debt, and Growth in Developing Countries
    Keywords: Coronavirus Economic Recovery ; COVID-19 Recovery ; Debt Financed Public Spending ; Developing Country Debt ; Disaster Recovery ; Economic Impact Of Covid Pandemic ; Economic Recover In Developing Countries ; Finance and Financial Sector Development ; Government Debt ; Pandemic Economic Impact ; Public Debt ; Public Debt Restructuring ; Public Sector Development ; Safety Nets and Transfers ; Social Protection ; Social Protections and Labor
    Abstract: Public debt in developing economies rose at a fast clip during 2020-21, at least partly due to the onset of the global Covid-19 pandemic. Nobel laureate Paul Krugman opined in early 2021 that "fighting covid is like fighting a war." This paper argues that the Covid-19 pandemic shares many traits with natural disasters, except for the global nature of the pandemic shock. This paper empirically examines trends in debt and economic growth around the onset of three types of calamities, namely natural disasters, armed conflicts, and external-debt distress in developing countries. The estimations provide quantitative estimates of differences in growth and debt trends in economies suffering episodes of calamities relative to the trends observed in economies not experiencing calamities. The paper finds that debt and growth evolve quite differently depending on the type of calamity. The evidence indicates that public debt and output growth tend to rise faster after natural disasters than in the counterfactual scenario without disasters, thus illustrating how debt-financed fiscal expansions can help economic reconstruction. The findings are different for episodes of debt distress defined as periods of debt restructuring, however. Economies experiencing debt distress are associated with growth trends that are on average below the growth rates of unaffected economies prior to and after the beginning of an episode of debt restructuring
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  • 14
    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
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  • 15
    Language: English
    Pages: 1 Online-Ressource (55 pages)
    Parallel Title: Erscheint auch als
    Abstract: Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is revised down by 0.8 percentage points from the April 2019 projection. MENA's economic outlook is subject to substantial downside risks-most notably, intensified global economic headwinds and rising geopolitical tensions. Part II argues that promoting fair competition is key for MENA countries to complete the transition from an administered to a market economy. Part II first examines current competition policies in MENA countries and to promote fair competition calls for strengthening competition law and enforcement agencies. It also calls for corporatizing state-owned enterprises, promoting the private sector and creating a level-playing field between them. Any moves to reform MENA economies would be aided by professional management of public assets, which could tap into a new source of national wealth
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  • 16
    Language: English
    Pages: 1 Online-Ressource (55 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Middle East and North Africa Economic Update
    Parallel Title: Erscheint auch als
    Abstract: Part I of this report discusses the short- and medium-term growth prospects for countries in the Middle East and North Africa (MENA). The region is expected to grow at a subdued rate of 0.6 percent in 2019, rising to 2.6 percent in 2020 and 2.9 percent in 2021. The growth forecast for 2019 is revised down by 0.8 percentage points from the April 2019 projection. MENA's economic outlook is subject to substantial downside risks-most notably, intensified global economic headwinds and rising geopolitical tensions. Part II argues that promoting fair competition is key for MENA countries to complete the transition from an administered to a market economy. Part II first examines current competition policies in MENA countries and to promote fair competition calls for strengthening competition law and enforcement agencies. It also calls for corporatizing state-owned enterprises, promoting the private sector and creating a level-playing field between them. Any moves to reform MENA economies would be aided by professional management of public assets, which could tap into a new source of national wealth
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  • 17
    Language: English
    Pages: 1 Online-Ressource (48 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Ana Paula, Ana Paula The Effects of Digital-Technology Adoption on Productivity and Factor Demand: Firm-Level Evidence from Developing Countries
    Abstract: This paper presents firm-level estimates of revenue-based total factor productivity premiums of manufacturing firms adopting digital technology in 82 developing economies over 2002-19. The paper estimates productivity using the control function approach and assuming an endogenous revenue-based total factor productivity process, which is a function of multiple firm-choice variables. It estimates the effects of digital technology adoption, learning by exporting, and managerial experience on revenue-based total factor productivity and factor demand. The results reject the 0 hypothesis of an exogenous revenue-based total factor productivity process, in favor of one in which digital technology adoption, along with the other choice variables, affects revenue-based total factor productivity and factor demand. The estimated premiums are positive for 67.3 (email adoption), 54.6 (website adoption), 59.4 (learning by exporting), and 60.6 (managerial experience) percent of the sample. The probability-adjusted median (log) revenue-based total factor productivity premium associated with email adoption is 1.6 percent and that of website adoption is 2.2 percent, with the latter being higher than the premiums corresponding to exporting and managerial experience. On average, changes in digital technology adoption, email, and website are labor and capital augmenting. The paper also explores the role of complementarities among the firm choice variables
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  • 18
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (130 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: Liberia has been influenced by the Ebola crisis since 2014, but the economy is now recovering quickly. Still, significant challenges lie ahead. Agriculture, an important sector that employs approximately half of the labor force, still has a weak growth trajectory. Many rural people are not well connected to markets and live below the poverty line. To use limited resources effectively, strategic planning and prioritization of public investment are essential. Particularly, the Ebola crisis revealed the vulnerability of the country's transport connectivity and health systems. This book analyzes the country's transport connectivity, identifying the existing bottlenecks and possible economic potentials. By taking advantage of the country's first-ever georeferenced road network data, the analysis casts light on various aspects of connectivity, such as rural accessibility, market access, access to port and health facilities and multimodal connectivity, including cabotage. It is shown that transport connectivity is crucial to increasing agricultural production, stimulating agglomeration economies, and supporting people's access to health care services. Significant resources are likely to be required to meet the existing gap. The book estimates the financial needs by development objective and discusses important policy issues, including the possibility of public-private partnerships to finance transport infrastructure
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  • 19
    Language: English
    Pages: 1 Online-Ressource (34 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Rail Transport and Firm Productivity: Evidence from Tanzania
    Abstract: Railway transport generally has the advantage for large-volume, long-haul freight operations. Africa possesses significant railway assets. However, many rail lines are currently not operational because of the lack of maintenance. The paper recasts light on the impact of rail transportation on firm productivity, using micro data collected in Tanzania. To avoid the endogeneity problem, the instrumental variable technique is used to estimate the impact of rail transport. The paper shows that the overall impact of rail use on firm costs is significant despite that the rail unit rates are set lower when the shipping distance is longer. Rail transport is a cost-effective option for firms. However, the study finds that firms' inventory is costly. This is a disadvantage of using rail transport. Rail operations are unreliable, adding more inventory costs to firms. The implied elasticity of demand for transport services is estimated at ?1.01 to ?0.52, relatively high in absolute terms. This indicates the rail users' sensitivity to prices as well as severity of modal competition against truck transportation. The study also finds that firm location matters to the decision to use rail services. Proximity to rail infrastructure is important for firms to take advantage of rail benefits
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 20
    Language: English
    Pages: 1 Online-Ressource (29 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Port Rail Connectivity and Agricultural Production: Evidence from a Large Sample of Farmers in Ethiopia
    Abstract: Agriculture remains an important economic sector in Africa, employing a large share of the labor force and earning foreign exchange. Among others, transport connectivity has long been a crucial constraint in Africa. In theory, railways have a particularly important role to play in shipping freight and passengers at low cost. However, most African railways were in virtual bankruptcy by the 1990s. Using a large sample of data comprised of more than 190,000 households over eight years in Ethiopia, the paper estimates the impacts of rail transport on agricultural production. Methodologically, the paper takes advantage of the historical event that a major rail line connecting the country to the regional hub, the Port of Djibouti, was abandoned in the 2000s. With spatially highly disaggregated fixed effects and instrumental variables incorporated, an agricultural production function is estimated. The elasticity with respect to port connectivity is estimated at 0.276. The use of fertilizer is also found to increase with transport cost reduction, supporting the fact that a large amount of fertilizer is imported to Ethiopia
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 21
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Latin America and Caribbean Semiannual Report
    Series Statement: World Bank E-Library Archive
    Abstract: This report by the Office of the Chief Economist for Latin America and the Caribbean (LAC) of the World Bank studies the region's fiscal policies. After reviewing LAC's growth performance, Chapter 1 provides an accounting of its financing needs during the 21st Century to understand how such a diverse region ended up with fiscal deficits across the board in 2016. Chapter 2 goes back to the 1960s and assesses the cyclical properties of fiscal policies. LAC, like most developing countries and in contrast with most developed economies, exhibited procyclical fiscal policies. Good news arrived in the 2000s: one in three economies became countercyclical, which helped improve credit ratings. Yet fiscal policy is complicated by our inability to know if current economic conditions are temporary or permanent. The report argues for a prudent stance that would err on the side of saving too much during upswings and perhaps borrowing too little during downturns
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464810435
    Language: English
    Pages: 1 Online-Ressource (132 p)
    Series Statement: Directions in Development
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Does economic size matter for economic development outcomes? If so are current policies adequately addressing the role of size in the development process? Using working age population as a proxy for country size, Open and Nimble, systematically analyzes what makes small economies unique. Small economies are not necessarily prone to underdevelopment and in fact can achieve very high income levels. Small economies, however, do tend to be highly open to both international trade and foreign direct investment, have highly specialized export structures, and have large government expenditures relative to their Gross Domestic Product. The export structures of small economies are concentrated in a few products or services and in a small number of export destinations. In turn, this export concentration is associated with terms of trade volatility, which combined with high exposure to international trade, implies that small economies tend to face more volatility on average as external volatility permeates national economic life. Yet small economies tend to compensate for their export concentration by being nimble in the sense of being able to change their production and export structure relatively quickly over time. Moreover, limited territory plays a role in shaping how economies are affected by natural disasters, even when the probability of facing such disasters is not necessarily higher among small than among large economies. The combination of large governments with macroeconomic volatility seems to be associated with low national savings rates in small economies. This combination could be a challenge for long-term growth if productivity growth and foreign investment do not compensate for low domestic savings. The book finishes with some thoughts on how policy makers can respond to these issues through coordinated investments and regional integration efforts, as well as fiscal policy reforms aimed at both increasing public savings and conducting countercyclical fiscal policies
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  • 23
    ISBN: 9781464809781
    Language: English
    Pages: Online-Ressource (1 online resource (196 p.))
    Edition: Online-Ausg.
    Series Statement: Latin America and Caribbean Studies
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: Labor Market Integration ; Regional Integration ; Trade Integration ; Economic Integration ; Stability
    Abstract: This book proposes a renewal of 'Open Regionalism' in Latin America and the Caribbean (LAC) aimed at achieving the region's goals of high growth with stability. The LAC region experienced a growth spurt with equity during the first decade of the 21st Century. It is well understood that an unsustainable demand boom fueled by terms-of-trade improvements drove this growth acceleration episode, especially in South America. Unfortunately, terms of trade are no longer fueling growth, and the region's policymakers are in search of new sources of growth with stability. With the experience of East Asia and the Pacific in mind, many policymakers in LAC are looking to international economic ties as a potential source of stable growth. The challenge highlighted in this book lies in designing an integration agenda comprising trade and factor market integration that is conducive to region-wide efficiency gains, which can help LAC enhance its global competitiveness. The forces of geography imply that pro-growth global integration cannot be achieved without building a strong neighborhood. Thus, this volume argues that LAC's regional economic integration agenda needs to go well beyond the current spaghetti bowl of preferential trading arrangements
    Note: Description based on print version record
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  • 24
    Language: English
    Pages: 1 Online-Ressource (26 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Brueckner, Markus The Rise of the Middle Class and Economic Growth in ASEAN
    Abstract: This paper presents estimates of the relationship between the share of income accruing to the middle class and gross domestic product per capita of economies from the Association of Southeast Asian Nations. The increase in gross domestic product per capita that these economies experienced during 1970-2010 significantly contributed to a higher share of income accruing to the middle class. The impact of the rise of the middle class on economic growth depends on the countries' initial level of gross domestic product per capita. In the majority of these countries, a rise of the middle class that is unrelated to gross domestic product per capita growth would have had a significant negative effect on economic growth, based on the values of the countries' gross domestic product per capita in 1970. In contrast, for recent values of gross domestic product per capita, a rise of the middle class would positively contribute to growth in gross domestic product per capita. The paper shows that human capital accumulation is an important channel through which a rise of the middle class affects economic growth
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  • 25
    Language: English
    Pages: 1 Online-Ressource (32 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Output- and Performance-Based Road Contracts and Agricultural Production: Evidence from Zambia
    Abstract: Rural access is among the most important infrastructure elements to stimulate economic growth in rural and remote areas. The sustainability of feeder road maintenance is a challenge in many developing countries. Many feeder roads are unpaved and need to be maintained frequently, but they are often neglected under budget pressure. Output- and performance-based road contracts are an instrument to ensure the sustainability of road maintenance. Contractors are required not only to improve roads, but also to maintain them. Using micro data from household surveys in Zambia, the paper examines the impacts of output- and performance-based road contracts on agricultural production. It shows that the contracts have a significant impact on crop production, especially maize and groundnuts, two major crops grown in the study area. The paper also finds that the measured impacts are associated with actual road maintenance works, regardless of contractual methods. Any road work can improve people's connectivity, even if it is not an output- and performance-based road contracts. The impact of the contracts is catalytic: more road works were implemented on contract roads than non-contract roads, holding everything else constant. This is an important contribution to the sustainability of road maintenance. Finally, road improvement works are found to facilitate farmers' market participation, but the impact seems weak. There may be other constraints. Transport service costs are found to have a negative impact on farmers' market sales. Thus, although roads are improved, transport services may be not available or too expensive, which still hamper farmers' market participation
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  • 26
    Language: English
    Pages: 1 Online-Ressource (28 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Modal Choice between Rail and Road Transportation: Evidence from Tanzania
    Abstract: Rail transport generally has the advantage for large-volume long-haul freight operations. The literature generally shows that shipping distance, costs, and reliability are among the most important determinants of people's modal choice among road, rail, air, and coastal shipping transport. However, there is little evidence in Africa, although the region historically possesses significant rail assets. Currently, Africa's rail transport faces intense competition against truck transportation. With firm-level data, this paper examines shippers' modal choice in Tanzania. The traditional multinomial logit and McFadden's choice models were estimated. The paper shows that rail prices and shipping distance and volume are important determinants of firms' mode choice. The analysis also finds that the firms' modal choice depends on the type of transactions. Rail transport is more often used for international trading purposes. Exporters and importers are key customers for restoring rail freight operations. Rail operating speed does not seem to have an unambiguous effect on firms' modal selection
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  • 27
    Language: English
    Pages: 1 Online-Ressource (24 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Spatial Autocorrelation Panel Regression: Agricultural Production and Transport Connectivity
    Abstract: Spatial analysis in economics is becoming increasingly important as more spatial data and innovative data mining technologies are developed. Even in Africa, where data often crucially lack quality analysis, a variety of spatial data have recently been developed, such as highly disaggregated crop production maps. Taking advantage of the historical event that rail operations were ceased in Ethiopia, this paper examines the relationship between agricultural production and transport connectivity, especially port accessibility, which is mainly characterized by rail transport. To deal with endogeneity of infrastructure placement and autocorrelation in spatial data, the spatial autocorrelation panel regression model is applied. It is found that agricultural production decreases with transport costs to the port: the elasticity is estimated at -0.094 to -0.143, depending on model specification. The estimated autocorrelation parameters also support the finding that although farmers in close locations share a certain common production pattern, external shocks, such as drought and flood, have spillover effects over neighboring areas
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  • 28
    Language: English
    Pages: 1 Online-Ressource (18 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi New Rural Access Index: Main Determinants and Correlation to Poverty
    Abstract: Transport connectivity is essential to sustain inclusive growth in developing countries, where many rural populations and businesses are still considered to be unconnected to the domestic, regional, or global market. The Rural Access Index is among the most important global indicators for measuring people's transport accessibility in rural areas where the majority of the poor live. A new method to calculate the Rural Access Index was recently developed using spatial data and techniques. The characteristics of subnational Rural Access Index estimates were investigated in eight countries: Bangladesh, Ethiopia, Kenya, Mozambique, Nepal, Tanzania, Uganda, and Zambia. It was found that for the countries in Africa, road density and road condition are important determinants of the Rural Access Index. For the South Asian countries, improvement of road condition is particularly relevant. The evidence suggests that significant resources are likely to be required to achieve universal access through rehabilitating the existing road network and expanding the road network
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  • 29
    Language: English
    Pages: 1 Online-Ressource (36 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Bravo-Ortega, Claudio Faraway or Nearby? Domestic and International Spillovers in Patenting and Product Innovation
    Abstract: The diffusion of knowledge plays a central role in endogenous growth theories. Simply put, in these models new knowledge can be generated from preexisting knowledge. In other words, existing knowledge is a pure public good, which can benefit any economic agent anywhere. More generally, endogenous growth theories rely on a broad set of assumptions that have not been tested sufficiently, especially for developing economies. The scope and nature of knowledge spillovers is, however, important for policy, because the presumed positive spillovers can justify government intervention (if the spillovers are localized) or laissez faire (if the spillovers are international). This paper empirically assesses the scope and direction of knowledge spillovers in national patenting and, separately, product innovation by firms. The first set of exercises tests whether the cumulative knowledge specifications of the knowledge production function can explain international patterns of patenting or whether own research and development is necessary to produce patents. The second set of exercises analyzes whether firm product-quality upgrading and the introduction of new products depend on product innovation within industries, within or across countries. The evidence supports the view that existing stocks of knowledge, domestic and foreign, enhance national innovation and entrepreneurship in the form of product innovation. More specifically, the evidence suggests that within-country and international knowledge spillovers are positive, but international spillovers can be negative for firms that are far from innovative firms in terms of productivity. The results depend on the concept of "distance" between countries and firms
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  • 30
    Language: English
    Pages: 1 Online-Ressource (31 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Hakobyan, Shushanik Factor Endowments, Technology, Capital Mobility and the Sources of Comparative Advantage in Manufacturing
    Abstract: Using data on net exports and factor endowments for more than 100 countries, this paper studies the relationship between factor endowments and comparative advantage in 28 manufacturing sectors between 1975 and 2010. The authors allow for systematic technological differences across countries, including differences in factor intensities across countries with different ratios of skilled labor over unskilled labor. Capital seems to be a source of comparative disadvantage in manufacturing, and skilled labor is a source of comparative advantage in the global sample. However, skilled labor is a source of comparative disadvantage in economies with low human capital, whereas it is a source of comparative advantage in the sample of countries with high human capital. The authors attribute this heterogeneity to the rise of capital mobility across countries, particularly since the mid-1990s
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  • 31
    Language: English
    Pages: 1 Online-Ressource (39 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Lederman, Daniel Economic Integration across Latin America: Evidence from Labor Markets, 1990-2013
    Abstract: Combining macroeconomic and microeconomic data and three indicators of international market integration, this paper assesses the degree to which Latin American labor markets are integrated. The results suggest that relative to East Asia, Latin American labor markets are somewhat more integrated, but considerable differences across countries persist. In addition, the evidence indicates that the degree of labor market integration across Latin American borders is significantly less than that of labor markets within Mexico and within the United States in two of the three indicators. These differences may suggest opportunities for efficiency gains from further labor market integration
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  • 32
    Language: English
    Pages: 1 Online-Ressource (25 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Diaw, Issa Sustainability of a Residential CFL Distribution Program: Evidence from Ethiopia
    Abstract: Energy-efficient products generally offer a win-win proposition, because they pay for themselves. End users can reduce their energy costs, and power utilities can avoid costly investments in extra generation capacity. Moreover, energy efficiency can contribute to mitigating global warming. This paper casts light on the sustainability of the residential use of compact fluorescent lamps after the free compact fluorescent lamp distribution program in Ethiopia. It is found that the direct program effect has been sustained for at least four years after the program. The effect of the distributed compact fluorescent lamps may taper off, if some of the program beneficiaries reinstall relatively cheap incandescent bulbs when the compact fluorescent lamps are burned out. However, many households replaced burned out compact fluorescent lamps with new compact fluorescent lamps. This effect is found to be statistically significant, particularly among relatively low-income households, whose demand is more price-elastic. All the indications are that program participants were generally convinced that compact fluorescent lamp bulbs are more cost-effective in the long run and the program effect is sustained over time
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  • 33
    Language: English
    Pages: 1 Online-Ressource (50 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Bennett, Federico The Volatility of International Trade Flows in the 21st Century: Whose Fault Is It Anyway?
    Abstract: After investment, exports and imports are the most volatile components of aggregate demand within countries. Moreover, the volatility of growth and the volatility of trade flows tend to move together; they declined from the 1990s until 2009, followed by an increase since 2009. This paper explores the drivers of such movements in trade-flow volatility. The analysis decomposes trade growth into six components to study their contribution to the overall volatility of trade flows, and presents three findings. First, trade volatility is mostly explained by a factor common to all countries, country-specific factors, and changes in the gravity-related characteristics of a country's trading partners. Product composition and the identity of trading partners appear to be less important in explaining volatility. Second, the pre-2009 decline in volatility and the post-2009 increase in volatility appear to be driven by different factors. The former is mostly explained by a steady decline in the variance of country-specific factors. In contrast, the latter appears to be driven mainly by an increase in the volatility of factors common to all countries. Third, trade diversification is a likely force behind the steady decline in trade volatility driven by country-specific factors, especially in developing countries
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  • 34
    Language: English
    Pages: 1 Online-Ressource (16 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Brambilla, Irene Exporters, Engineers, and Blue-Collar Workers
    Abstract: This paper investigates differences in the composition of employment between exporting and non-exporting firms. In particular, it asks whether exporting firms hire more engineers relative to blue-collar workers than non-exporting firms. In a stylized partial-equilibrium model, firms produce goods of varying quality and exporters tend to produce higher quality goods, which are intensive in engineers relative to blue-collar workers. Firms are heterogeneous and more productive firms become exporters and have a higher demand for engineers. The paper provides causal evidence in support of these theories using the Chilean Encuesta Nacional Industrial Anual, an annual census of manufacturing firms. The results from an instrumental variable estimator suggest that Chilean exporters indeed utilize a higher share of engineers over blue-collar workers
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  • 35
    Language: English
    Pages: 1 Online-Ressource (50 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Lederman, Daniel The Price is Not Always Right : On the Impacts of Commodity Prices on Households (and Countries)
    Abstract: This paper provides an overview of the impact that one-time changes in commodity and other prices have on household welfare. It begins with a collection of stylized facts related to commodities based on household survey data from Latin America and Africa. The ata uncovers strong commodity dependence on both continents: households typically allocate a large fraction of their budget to commodities, and they often also depend on commodities to earn their income. This income and expenditure dependency suggests sizable impacts and adjustments following commodity price shocks. The article explores these effects with a review of the relevant literature. The authors study consumption and income responses, labor market responses, and spillovers across sectors. The paper provides evidence on the relative magnitudes of various mechanisms through which commodity prices affect household (and national) welfare in developing economies
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  • 36
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Latin America and Caribbean Semiannual Report
    Series Statement: World Bank E-Library Archive
    Abstract: This report, produced by the Office of the Chief Economist for Latin America and the Caribbean (LAC) of the World Bank, examines LAC's challenges as the global economy settles to an equilibrium with lower growth and lower commodity prices. Chapter 1 gives an overview of the world economy and how it affects LAC's short and medium-term prospects. It argues that LAC suffered an external shock that shaped growth in recent years, and that the current global context is likely here to stay. Many LAC countries experienced significant depreciations which in principle should help adjust to the new equilibrium. The extent to which these depreciations facilitate a soft landing, however, depends on a number of factors. Chapter 2 explores the response of LAC's trade to the recent depreciations and the role it could play in facilitating a recovery. It examines if there are early signs of an export recovery and whether the region's increased dependence on commodity exports could hinder LAC's recovery
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  • 37
    ISBN: 9781464803567
    Language: English
    Pages: Online-Ressource (1 online resource (248 p.))
    Edition: Online-Ausg.
    Series Statement: Latin America and Caribbean Studies
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg. Latin America and the rising South
    DDC: 332.098
    RVK:
    Keywords: Entwicklung ; Wirtschaftswachstum ; Wirtschaftslage ; Lateinamerika ; Karibischer Raum ; Wirtschaftliche Integration ; Weltwirtschaft ; Sozioökonomischer Wandel ; Süden ; Emerging Market ; Wirtschaftswachstum ; Außenhandel ; Finanzwirtschaft ; Investition ; domestic savings ; FDI ; Financial integration ; Foreign direct investment ; Global financial network ; Global trade network ; Global value chains ; Globalization ; International Economics and Trade ; Labor market dynamics ; Macroeconomics and Economic Growth ; Private Sector Development ; Real exchange rate dynamics ; Rise of the south ; Trade Integration ; Trade structure ; Erde ; Lateinamerika
    Abstract: The world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need to go beyond this North-South dichotomy. This tectonic re-configuration of the global landscape has brought about significant changes to countries in the Latin America and Caribean (LAC) region. The time is ripe for an in-depth analysis of the dynamics and nature of LAC's external connections.This latest volume in the World Bank Latin American and Caribbean Studies series will focus on the implications of these trends for the economic development of LAC countries. In particular, trade, financial, macroeconomic, and sectoral shifts, as well as labor-market aspects will be systematically analyzed
    Note: Description based on print version record
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  • 38
    Language: English
    Pages: 1 Online-Ressource (26 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Lederman, Daniel Export Promotion and Firm Entry into and Survival in Export Markets
    Abstract: Surveys of export promotion agencies suggest that that they tend to focus on helping firms become exporters as a means to stimulate aggregate export growth. But the existing empirical evidence has paid little attention to the role of export promotion agencies in helping entry into exporting. This paper fills this gap with a panel of exporting and non-exporting firms from seven Latin American countries during the period 2006-2010. The results suggest that export promotion encourages exports mainly by helping firms enter into and survive in export markets. The impact on the intensive margin of exporting firms is not robust. This finding is consistent with export promotion helping reduce fixed rather than variable costs of exporting, which is to be expected if export promotion agencies help correct for market failures associated with information externalities
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  • 39
    Language: English
    Pages: 1 Online-Ressource (35 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Crop Choice and Infrastructure Accessibility in Tanzania: Subsistence Crops or Export Crops?
    Abstract: Macroeconomics and Economic Growth
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  • 40
    Language: English
    Pages: 1 Online-Ressource (28 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Firms' Locational Choice and Infrastructure Development in Rwanda
    Abstract: Finance and Financial Sector Development
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  • 41
    Language: English
    Pages: 1 Online-Ressource (35 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Firm Productivity and Infrastructure Costs in East Africa
    Abstract: Energy
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  • 42
    ISBN: 9781464803567
    Language: Spanish
    Pages: Online-Ressource (1 online resource (256 p.))
    Edition: Online-Ausg.
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: Spanish translation ; FDI ; Foreign direct investment ; Domestic savings ; Financial integration
    Abstract: Este reporte explora la restructuracion de la economia global ocasionada por el ascenso del Sur y destaca la transformacion en los patrones de integracion global de ALC y las consecuencias de esta transformacion en la dinamica del desarrollo de la region. En particular, se analiza de forma sistematica los aspectos concernientes al comercio y las finanzas internacionales, la macroeconomia y el mercado laboral latinoamericano
    Note: Description based on print version record
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  • 43
    Language: English
    Pages: 1 Online-Ressource (33 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Firm Inventory Behavior in East Africa
    Abstract: Finance and Financial Sector Development
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  • 44
    Language: English
    Pages: 1 Online-Ressource (54 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Lederman, Daniel Latent Trade Diversification and its Relevance for Macroeconomic Stability
    Abstract: Poverty Reduction
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  • 45
    Language: English
    Pages: 1 Online-Ressource (28 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Firms' Locational Choice and Infrastructure Development in Tanzania: Instrumental Variable Spatial Autoregressive Model
    Abstract: Macroeconomics and Economic Growth
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  • 46
    Language: English
    Pages: 1 Online-Ressource (43 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Agriculture Production and Transport Infrastructure in East Africa: An Application of Spatial Autoregression
    Abstract: Rural Development
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  • 47
    Language: English
    Pages: 1 Online-Ressource (55 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Iimi, Atsushi Social and Economic Impacts of Rural Road Improvements in the State of Tocantins, Brazil
    Abstract: The aim of this paper is to provide feedback on the question of socioeconomic benefits from rural road development and the impact of transport infrastructure on the poor, particularly the poorest and the bottom 20 percent of the population. This paper relies on impact evaluation methodologies, which are traditionally used in social sectors but less so in the transport sector. The study, including first surveys, was launched in 2003 under the Tocantins Sustainable Regional Development Project. The paper highlights the context that led to the project's design, which included an impact evaluation of the works envisaged under the project. The paper also highlights some of the main challenges faced by this impact evaluation and how these challenges were addressed for the present study. It then provides details about the data collected during the surveys and the key relevant characteristics of the population targeted by the surveys. It discusses the possible estimation methods envisioned to undertake the study and provides the main results of the assessment based on these methods. The analysis shows that improved rural roads changed people's transport modal choice. People used more public buses and individual motorized vehicles after the rural road improvements. The paper also finds that the project increased school attendance, particularly for girls. Although the evidence is relatively weak in statistical terms, it indicates that the project contributed to increasing agricultural jobs and household income in certain regions
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  • 48
    Language: English
    Pages: 1 Online-Ressource (42 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Halliday, Timothy Tracking Wage Inequality Trends with Prices and Different Trade Models: Evidence from Mexico
    Abstract: Mexican wage inequality rose following Mexicos accession to the General Agreement on Tariffs and Trade/World Trade Organization in 1986. Since the mid-1990s, however, wage inequality has been falling. Since most trade models suggest that output prices can affect factor prices, this paper explores the relationship between output prices and wage inequality. The rise of inequality can be explained by the evolution of the relative price of skill-intensive goods relative to unskilled-intensive goods, but these prices flattened by 1999 and thus cannot explain the subsequent decline in wage inequality. An alternative trade model with firm heterogeneity driven by variations in the relative price of tradable relative to non-tradable goods can explain the decline in wage inequality. The paper compares this model's predictions with Mexican inequality statistics using data on output prices, census data, and quarterly household survey data. In spite of the models simplicity, the model's predictions match Mexican variables reasonably well during the years when wage inequality fell
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  • 49
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (34 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Brueckner, Markus Effects of Income Inequality on Aggregate Output
    Abstract: Macroeconomics and Economic Growth
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  • 50
    Language: English
    Pages: Online-Ressource (42 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Hollweg, Claire H Structural Reforms and Labor Market Outcomes
    Abstract: This paper explores the impact of structural reforms on a comprehensive set of macro-level labor-market outcomes, including the unemployment rate, the average wage index, and overall and female employment levels and labor force participation rates. Together these outcome variables capture the overall health of the labor market and the aggregate welfare of workers. Yet, there seems to be no other comprehensive empirical investigation in the existing literature of the impact of structural reforms at the cross-country macro level on labor-market outcomes other than the unemployment rate. Data were collected from a variety of sources, including the World Bank World Development Indicators, the International Monetary Fund International Financial Statistics, and the International Labor Organization Key Indicators of the Labor Market. The resulting dataset covers up to 88 countries, the majority being developing, for 10 years on either side of structural reforms that took place between 1960 and 2001. After documenting the average trends across countries in the labor-market outcomes up to 10 years on either side of each country's structural reform year, the authors run fixed-effects ordinary least squares as well as instrumental variables regressions to account for the likely endogeneity of structural reforms to labor-market outcomes. Overall the results suggest that structural reforms lead to positive outcomes for labor. Unlike related literature, the paper does not find conclusive evidence on unemployment. Redistributive effects in favor of workers, along the lines of the Stolper-Samuelson effect, may be at work
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  • 51
    Language: English
    Pages: 1 Online-Ressource (30 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Lederman, Daniel Export Shocks and the Volatility of Returns to Schooling: Evidence from Twelve Latin American Economies
    Abstract: This paper builds on previous studies to uncover evidence suggesting that cyclical fluctuations in returns to schooling are determined by fluctuations in foreign demand, which tend to be positively correlated with returns to schooling. The effec
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  • 52
    Language: English
    Pages: Online-Ressource (41 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Lederman, Daniel The Price is Not Always Right
    Abstract: This paper provides an overview of the impact of once-and-for-all changes in commodity prices and other prices on household welfare. It begins with a collection of stylized facts related to commodities based on household survey data from Latin America and Africa. The data uncover strong commodity dependence in both continents: households typically allocate a large fraction of their budget to commodities and they often depend on commodities to earn their income. This income and expenditure dependency suggests sizable impacts and adjustments following commodity-price shocks. The paper explores these effects with a review of the literature. It studies consumption and income responses, labor-market responses, and spillovers across sectors. It ends up providing evidence on the relative magnitudes of various mechanisms through which commodity prices affect household (and national) welfare in developing economies
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  • 53
    Language: English
    Pages: 1 Online-Ressource (58 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Artuç, Erhan The Rise of China and Labor Market Adjustments in Latin America
    Abstract: This paper assesses the impact of the rise of China on the trade of Latin American and Caribbean economies. The study proposes an index to measure the impact on trade, which suggests sizable effects, especially in Argentina, Brazil, Chile, Hondu
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  • 54
    ISBN: 9781464802850
    Language: Spanish
    Pages: 1 Online-Ressource (178 p)
    Series Statement: Latin American Development Forum
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: El emprendimiento es un determinante fundamental del crecimiento y la creacion de empleo. Pese a que los emprendedores abundan en America Latina y el Caribe, las empresas de la region son mas pequenas y menos propensas a crecer e innovar que las de otras regiones. El crecimiento de la productividad lleva decadas siendo mediocre y el reciente period de auge de las materias primas no ha supuesto una excepcion. Asi pues, la presencia de emprendedores dinamicos sera necesaria para impulsar la creacion de puestos de trabajo de calidad y la aceleracion del crecimiento de la productividad en la region. En El emprendimiento en America Latina: muchas empresas y poca innovacion se estudia el panorama del emprendimiento en America Latina y el Caribe. El libro recurre a nuevas bases de datos que abordan cuestiones como la creacion de empresas, las dinamicas empresariales, las decisiones de exportar y el comportamiento de las corporaciones multinacionales y sintetiza los resultados de un analisis exhaustivo del estatus, las perspectivas y los retos del emprendimiento en la region. Asimismo, el libro suministra herramientas utiles e informacion para ayudar a los profesionales y responsables de las politicas a identificar los ambitos de las mismas que los gobiernos pueden explorar para impulsar la innovacion e incentivar el emprendimiento transformador con potencial de crecimiento elevado
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  • 55
    Language: English
    Pages: Online-Ressource (49 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Iimi, Atsushi Multidimensional Auctions for Public Energy Efficiency Projects
    Abstract: Competitive bidding is an important policy tool to procure goods and services from the market at the lowest possible cost. Under traditional public procurement systems, however, it may be difficult to purchase highly customized objects, such as energy efficiency services. This is because not only prices but also other nonmonetary aspects need to be taken into account. Multidimensional auctions are often used to evaluate multidimensional bids. This paper examines the bidding strategy in multidimensional auctions, using data from public energy service company projects in Japan. It shows that multidimensional auctions work well, as theory predicts. The competition effect is significant. In addition, strategic information disclosure, including walk-through and preannouncement of reserve prices, can also promote energy savings and investment. Risk sharing arrangements are critical in the energy service company market. In particular, the public sector should take regulatory risk
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  • 56
    Language: English
    Pages: Online-Ressource (53 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Artuç, Erhan A Mapping of Labor Mobility Costs in Developing Countries
    Abstract: Estimates of labor mobility costs are needed to assess the responses of employment and wages to trade shocks when factor adjustment is costly. Available methods to estimate those costs rely on panel data, which are seldom available in developing countries. The authors propose a method to estimate mobility costs using readily obtainable data worldwide. The estimator matches the changes in observed sectoral employment allocations with the predicted allocations from a model of costly labor adjustment. This paper estimates a world map of labor mobility costs and uses those estimates to explore the response of labor markets to trade policy
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  • 57
    Language: English
    Pages: Online-Ressource (36 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Arias, Javier Trade, Informal Employment and Labor Adjustment Costs
    Abstract: Informal employment is ubiquitous in developing countries, but few studies have estimated workers' switching costs between informal and formal employment. This paper builds on the empirical literature grounded in discrete choice models to estimate these costs. The results suggest that inter-industry labor mobility costs are large, but entry costs into informal employment are significantly lower than the costs of entry in formal employment. Simulations of labor-market adjustments caused by a trade-related fall in manufacturing goods prices indicate that the share of informally employed workers rises after liberalization, but this is due to entry into the labor market by previously idle labor
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  • 58
    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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  • 59
    Language: English
    Pages: Online-Ressource (24 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Costolanski, Peter Impact Evaluation of Free-of-Charge CFL Bulb Distribution in Ethiopia
    Abstract: Electricity infrastructure is one of the most important development challenges in Africa. While more resources are clearly needed to invest in new capacities, it is also important to promote energy efficiency and manage the increasing demand for power. This paper evaluates one of the recent energy-efficiency programs in Ethiopia, which distributed 350,000 compact fluorescent lamp bulbs free of charge. The impact related to this first phase is estimated at about 45 to 50 kilowatt hours per customer per month, or about 13.3 megawatts of energy savings in total. The overall impact of the compact fluorescent lamp bulb programs, thanks to which more than 5 million bulbs were distributed, could be significantly larger. The paper also finds that the majority of the program beneficiaries were low-volume customers-mostly from among the poor-although the program was not targeted. In addition, the analysis determines the distributional effect of the program: the energy savings relative to the underlying energy consumption were larger for the poor. The evidence also supports a rebound effect. About 20 percent of the initial energy savings disappeared within 18 months of the program's completion
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  • 60
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (38 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Brückner, Markus Trade Causes Growth in Sub-Saharan Africa
    Abstract: In the 1990s the mainstream consensus was that trade causes growth. Subsequent research shed doubt on the consensus view, as evidence suggested that the identification of the effect of trade on growth was problematic in the existing literature. This paper contributes to this debate by focusing on growth in Sub-Saharan Africa. It estimates the effect of openness to international trade on economic growth with panel data. Employing instrumental variables techniques that correct for endogeneity bias, the empirical evidence suggests that within-country variations in trade openness cause economic growth: a 1 percentage point increase in the ratio of trade over gross domestic product is associated with a short-run increase in growth of approximately 0.5 percent per year; the long-run effect is larger, reaching about 0.8 percent after ten years. These results are robust to controlling for country and time fixed effects as well as political institutions
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  • 61
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Atsushi Iimi Optimizing the Size of Public Road Contracts
    Abstract: Procurement packaging has important effects on not only the bidders' bidding behavior, but also contractors' performance. By changing the size of public contracts, procurers can encourage (or discourage) market competition and improve contract performance, avoiding unnecessary cost overruns and project delays. In practice, there is no single solution about how to package public contracts. With procurement data from road projects in Nepal, this paper examines the optimal size of road contracts in rural areas. The optimum varies depending on policy objectives. To maximize the bidder participation, the length of road should be about 11 kilometers. To minimize cost overruns and delays, the contracts should be much larger at 17 and 21 kilometers, respectively. Compared with the current procurement practices, the findings suggest that procurers take more advantage of enlarging road packages, although contracts that are too large may increase the risk of discouraging firms from participating in public tenders
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  • 62
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (23 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Atsushi Iimi Adapting Road Procurement to Climate Conditions
    Abstract: The world's climate is changing. It is well recognized that technical standards and project specifications of public infrastructure have to be adjusted, depending on the climate. However, it is less recognized that the public infrastructure procurement also needs to be adjusted. This paper examines a particular case of rural road procurement in Nepal. Severe weather conditions, such as heavy rains and storms, are likely to interrupt civil works and wash away unpaved or gravel roads. It is found that heavy precipitation causes delays, but not cost overruns. The paper also shows that budgetary efficiency and credibility could be improved by taking climate conditions into account. If future precipitation were anticipated by backward-looking expectations, many large project delays could be avoided. If the autoregressive precipitation model were used, the vast majority of the observed delays could be eliminated
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  • 63
    Language: English
    Pages: Online-Ressource (26 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Hollweg, Claire H Monitoring Export Vulnerability to Changes in Growth Rates of Major Global Markets
    Abstract: Interest in assessing the impacts on developing countries of changes in major markets' economic performance has risen in tandem with global economic uncertainty over short- and medium-term growth prospects. This paper proposes a methodology to measure the vulnerability of a country's exports to fluctuations in the economic activity of foreign markets. Export vulnerability depends first on the overall level of export exposure, measured as the share of exports in gross domestic product, and second on the sensitivity of exports to fluctuations in foreign gross domestic product. The authors capture this sensitivity by estimating origin-destination specific elasticities of exports with respect to changes in foreign gross domestic product using a gravity model of trade. Furthermore, export vulnerability is computed separately for commodities and differentiated products. This methodology is applied to six developing countries, one from each World Bank region, selected to be otherwise similar yet differ in terms of the level of exposure to major global markets as well as the product composition of their export basket. Although the results suggest differences in elasticity estimates across regions as well as product categories, the principal source of international heterogeneity in export vulnerability results from differences in export exposure to global markets. This result calls for developing countries to diversify their export markets rather than shielding themselves from international markets, which would actually raise economic risk and vulnerability
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  • 64
    Language: English
    Pages: Online-Ressource (54 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Kaplan David S What Drives Short-Run Labor Market Volatility in Offshoring Industries?
    Abstract: Recent research shows that employment in Mexico's offshoring maquiladora industries is twice as volatile as employment in their U.S. industry counterparts. The analyses in this paper use data from Mexico's social security records and U.S. customs between the first quarter of 2007 and the last quarter of 2009 to identify four channels through which economic shocks emanating from the United States were amplified when transmitted into Mexico's offshoring labor market of Northern Mexico. First, employment and imports within industries are complements, which is consistent with imports being used as inputs for the assembly of exportable goods within industries. That is, when imports fell during the crisis, employment in Mexico was reduced rather than protected by the fall of imports. Second, contrary to other studies, employment is more responsive than wages to trade shocks. Third, fluctuations in Mexico-U.S. trade were associated with changes in the composition of employment, with the skill level of workers rising during downturns and falling during upswings. This implies that the correlation between average wages and trade shocks is partly driven by labor-force compositional effects, which may obscure individual-worker wage flexibility. Fourth, trade shocks affecting related industries (industries linked by employment flows affect employment at least as much as own-industry trade shocks, thus amplifying employment volatility through the propagation of shocks across industries within Northern Mexico. Furthermore, the data suggest that the observed fluctuations in U.S.-Mexico trade at the onset of the Great Recession in the U.S. were not associated with pre-existing employment trends in Northern Mexico
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  • 65
    Language: English
    Pages: Online-Ressource (52 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Iimi, Atsushi The impacts of metering and climate conditions on residential electricity demand
    Abstract: Albania is among the most vulnerable countries to external energy shocks and climatic conditions, because of its high dependency on hydropower for electricity. Given highly volatile international energy prices and expected global warming, it is becoming increasingly important to manage the demand for electricity. However, the country has long been faced with a significant problem of electricity metering. About one-third of total energy is lost for technical and nontechnical reasons. This paper estimates the residential demand function by applying a two-stage system equation method for an endogenous censored variable, because the lack of metering makes the electricity consumption partially observable for the econometrician. It is found that metering is important to curb non-essential electricity use by households. The electricity demand could also be reduced by raising the first block rate and lowering the second block rate and the threshold between the two blocks. In addition, weather conditions and home appliance ownership would affect the demand for electricity. But the latter looks more influential than the former
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  • 66
    Language: English
    Pages: Online-Ressource (20 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Lederman, Daniel Large devaluations, foreign direct investment and exports
    Abstract: One side-effect of the Global Financial Crisis of 2008-09 was the resurgence of a debate over exchange rates. The conventional wisdom dictates that real-exchange rate adjustments are needed in order to bring about changes in trade balances across countries. However, the literature on the effect of exchange rate fluctuations and currency under-valuations on exports is surprisingly ambiguous. This note explores for the first time the potential role of foreign direct investment as an intermediate variable in the process of trade adjustment after large real-exchange rate changes. Real-exchange rate devaluations might result in increases in foreign direct investment inflows, as investors can take advantage of changes in the foreign-currency value of domestic assets. If so, the response of exports will depend to some extent on the nature of such foreign direct investment inflows, with inflows motivated by "horizontal" foreign direct investment associated with negligible changes in export growth after devaluation. The author utilizes quarterly data on real effective exchange rates, foreign direct investment inflows and exports to explore the effects of large devaluations (defined as the largest observed quarterly real effective exchange rate devaluation) on foreign direct investment and exports from 1990 to 2010. The admittedly speculative evidence suggests that there were heterogeneous experiences regarding the timing and magnitude of subsequent changes in foreign direct investment and exports, but on average foreign direct investment inflows tended to precede export surges within two year horizons
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  • 67
    Language: English
    Pages: Online-Ressource (78 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Benamghar, Radia Efficiency in Public Procurement in Rural Road Projects of Nepal
    Abstract: Transport infrastructure is important for economic growth. In Nepal, about 20 percent of rural residents have to spend more than 3 hours to go to the nearest marketplace or agriculture center. Public procurement is an important policy instrument to use resources wisely and efficiently. This paper analyzes a series of policy questions, from procurement design to contract management and project quality assurance. The paper finds that the competition effect is significant. To enhance competition, bidding documents can be distributed free of charge on a website. The bid preparation period can be extended. Security issues are also found to be particularly important to avoid unnecessary cost overruns and project delays. Heavy rainfall and the bidders' low-balling strategy are identified as other factors of project delays. The quality of roads would deteriorate with not only security incidence but also time, precipitation and traffic volume
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  • 68
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (32 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Lederman, Daniel International Trade and Inclusive Growth
    Abstract: This note provides two analytical frameworks for understanding the role of trade in promoting inclusive growth in developing economies. A working definition of inclusive growth focuses on long-term, sustained growth associated with productivity growth and employment opportunities for broad portions of households and firms within countries. International integration can promote inclusive growth when workers and firms are able to adjust to enter into growing economic activities and adopt technologies availed through international trade. The frameworks described in this note build on simple household and firm choice models, which require only basic knowledge of development economics. The discussion highlights how these frameworks can help analysts focus on research and policy questions related to the impacts of international trade across the distribution of households and firms within countries. It also discusses publicly available data sets that can be used to explore some aspects of inclusive growth. In addition, the note highlights important caveats that need to be acknowledged by analysts and discusses avenues for future research, which needs to be part and parcel of the inclusive growth agenda
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  • 69
    Language: English
    Pages: Online-Ressource (31 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Arezki, Rabah The Relative Volatility of Commodity Prices
    Abstract: This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more volatile than those of manufactured products, although most of the existing evidence does not actually attempt to measure the volatility of prices of individual goods or commodities. The literature tends to focus on trends in the evolution and volatility of ratios of price indexes composed of multiple commodities and products. This approach can be misleading. Indeed, the evidence presented in this paper suggests that on average prices of individual primary commodities are less volatile than those of individual manufactured goods. However, the challenges of managing terms of trade volatility in developing countries with concentrated export baskets remain
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  • 70
    Language: English
    Pages: Online-Ressource (31 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Lederman, Daniel Entrepreneurship and the Extensive Margin in Export Growth
    Abstract: The literature on the correlation between exports and economic development runs deep into the history of economic thought and permeates policy debates. This paper studies the microeconomic structure of export growth in Costa Rica, with special emphasis on the extensive margin of trade, encompassing new exporting firms, new products, and new export markets, as well as the unit values of new versus incumbent products. The data suggest that few new firms survive the test of exporting - more than 40 percent of firms exit export activities after one year - and this firm turnover is associated with a steady deterioration of export unit values (prices). Furthermore, most new export products are associated with product switching by incumbent exporting firms. The typical new product introduced by incumbent firms tended to be priced at about 90 percent of the unit values of incumbent products. In contrast, the usual suspected obstacles to export growth, such as the inability of small firms to enter exporting activities or to grow their exports, appear to be important sources of export growth. In fact, the smallest exporting firms experienced the fastest growth in their export values. Some of these results are compared with those from other countries that have been examined in related literature
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  • 71
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (35 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Klinger, Bailey Export Discoveries, Diversification and Barriers To Entry
    Abstract: The literature on the relationship between economic diversification and development has grown rapidly in recent years, partly due to the surprising finding that diversification rises with gross domestic product per capita up to a certain point. Export diversification along the extensive margin is inextricable from the introduction of new export products. The authors test the hypothesis that the threat of imitation inhibits the introduction of new exports - export discoveries - under the assumption that the intensive and extensive margins of exports are correlated within broad country-industry groups. Econometric evidence from panel-data techniques that are appropriate for count data (the number of discoveries) suggests that discoveries within countries and industries rise with the growth of exports along the intensive margin (relative to the growth of non-export gross domestic product) but the magnitude of this partial correlation increases with domestic barriers to entry and with customs delays in exporting. However, the magnification effect of barriers to entry appears to be less significant as a determinant of total within-country export discoveries. This is consistent with inter-industry and within-country spillovers related to export discoveries, implying that barriers to entry enhance the effect of export growth on discoveries within country-industries but total discoveries might be unaffected by barriers to entry
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  • 72
    Language: English
    Pages: Online-Ressource (34 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Lederman, Daniel Microeconomic consequences and macroeconomic causes of foreign direct investment in southern African economies
    Abstract: The causes and consequences of foreign direct investment (FDI) in developing countries remains a subject of debate among researchers and policymakers alike. The authors use international data and a new micro-data set of firms in thirteen Southern African Developing Countries (SADCs) to investigate the benefits and determinants of FDI in this region. FDI appears to have facilitated local development in the SADC region. Foreign firms tend to perform better than domestic firms, tend to be larger, are located in richer and better-governed countries and in countries with more competitive financial intermediaries, and they are more likely to export than domestic firms. They also exhibit positive spillover effects to domestic firms. Relying on a standard model to predict the country-level FDI inflows per capita, the authors find that SADC is attracting their expected level of FDI inflows, at least relative to its income level, human capital, demographic structure, institutions, and economic track record. There are some differences between SADC and the rest of the world in FDI behavior: in SADC, the income level is less important and openness more so. The authors use two comparison groups to compare with SADC to shed light on why other regions have attracted more FDI per capita than SADC. The factors that explain SADC’s low FDI inflows are economic fundamentals (e.g., previous growth rates, average income, phone density, and the adult share of population)
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  • 73
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (61 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Iimi, Atsushi Price Elasticity of Nonresidential Demand for Energy in South Eastern Europe
    Abstract: Recent volatility in international energy prices has revealed South Eastern Europe as one of the most vulnerable regions to such external shocks. Under the current global economic downturn, in addition, the region’s energy-intensive industries are faced with the challenge of the weakening demand for their outputs. This paper casts light on the relationship between the price and the demand for energy. Based on firm level data, it is shown that the price elasticity of industrial energy demand is about -0.4 on average. There are a number of data issues to interpret the results correctly. But Albania and Macedonia are systematically found to have a relatively elastic demand for energy on the order of -0.7 to -0.8. In these countries, therefore, price adjustments would be one of the effective policy options to balance demand with supply during the period of energy crisis. In other countries, the demand response would be much weaker; pricing cannot be the only solution. Other policy measures, such as facilitation of firm energy efficiency and improvements in the quality of infrastructure services, may be required
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  • 74
    ISBN: 0821373080 , 0821373099 , 9780821373088 , 9780821373095
    Language: English
    Pages: 1 Online-Ressource (xxviii, 331 pages) , illustrations , 23 cm
    Series Statement: World Bank E-Library Archive
    Series Statement: Latin American development forum series
    Parallel Title: Erscheint auch als
    DDC: 337.8051
    Keywords: China Foreign economic relations ; India Foreign economic relations ; Latin America Foreign economic relations ; Latin America Foreign economic relations
    Note: Includes bibliographical references and index
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  • 75
    Language: English
    Pages: Online-Ressource (47 p)
    Edition: 2009 World Bank eLibrary
    Parallel Title: Cusolito, Ana P Technology Adoption and Factor Proportions in Open Economies
    Abstract: Theories of international trade assume that all countries use similar and exogenous technologies in the production of any good. This paper relaxes this assumption. The marriage of literatures on biased technical change and trade yields a tractable theory, which predicts that differences in factor endowments and intellectual property rights bias technical change toward particular factor intensities, and thus unit factor input requirements can vary across economies. Using data on net exports of a single industry, computers, intellectual property rights and factor endowments for 73 countries during 1980-2000, the paper shows that once technological choices are considered, countries with different factor endowments can become net exporters of the same product
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  • 76
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (31 p)
    Edition: 2009 World Bank eLibrary
    Parallel Title: Lederman, Daniel Export Promotion Agencies Revisited
    Abstract: The number of national export promotion agencies has tripled over the past two decades. Although more countries made them part of their export strategy, studies criticized their efficacy in developing countries. The agencies were retooled, partly in response to these critiques. This paper studies the impact of today's export promotion agencies and their strategies, based on new survey data covering 103 developing and developed countries. The results suggest that on average they have a statistically significant effect on exports. The identification strategies highlight the importance of EPA services for overcoming foreign trade barriers and solving asymmetric information problems associated with exports of heterogeneous goods. There are also strong diminishing returns, suggesting that as far as export promotion agencies are concerned, small is beautiful
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  • 77
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2009 World Bank eLibrary
    Parallel Title: Estache, Antonio Procurement in Infrastructure
    Abstract: Infrastructure has particular challenges in public procurement, because it is highly complex and customized and often requires economic, political and social considerations from a long time horizon. To deliver public infrastructure services to citizens or taxpayers, there are a series of decisions that governments have to make. The paper provides a minimum package of important economic theories that could guide governments to wise decision-making at each stage. Theory suggests that in general it would be a good option to contract out infrastructure to the private sector under high-powered incentive mechanisms, such as fixed-price contracts. However, this holds under certain conditions. Theory also shows that ownership should be aligned with the ultimate responsibility for or objective of infrastructure provision. Public and private ownership have different advantages and can deal with different problems. It is also shown that it would be a better option to integrate more than one public task (for example, investment and operation) into the same ownership, whether public or private, if they exhibit positive externalities
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  • 78
    Language: English
    Pages: Online-Ressource (1 online resource (26 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Iimi, Atsushi (UN)Bundling Public-Private Partnership Contracts In The Water Sector
    Keywords: Competitive Bidding ; Industry ; Local Water ; Municipal Water ; Private Participation ; Sewerage Services ; Town Water Supply and Sanitation ; Urban Water Supply and Sanitation ; Water Conservation ; Water Districts ; Water Resources ; Water Sector ; Water Services ; Water Supply ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Utilities ; Water and Industry ; Competitive Bidding ; Industry ; Local Water ; Municipal Water ; Private Participation ; Sewerage Services ; Town Water Supply and Sanitation ; Urban Water Supply and Sanitation ; Water Conservation ; Water Districts ; Water Resources ; Water Sector ; Water Services ; Water Supply ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Utilities ; Water and Industry ; Competitive Bidding ; Industry ; Local Water ; Municipal Water ; Private Participation ; Sewerage Services ; Town Water Supply and Sanitation ; Urban Water Supply and Sanitation ; Water Conservation ; Water Districts ; Water Resources ; Water Sector ; Water Services ; Water Supply ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Utilities ; Water and Industry
    Abstract: In public-private partnership transactions in the water sector, one of the alleged concerns is that there is little market competition at the auction stage. This paper casts light on a tradeoff between the competition effect at the auction level and potential economies of scale in service operation. If the authorities design a large-scale public-private partnership water transaction, it is expected to exploit operational scale economies. But the competition effect may have to be sacrificed. The paper shows a risk that the selection of the contract size could be a very restrictive condition that excludes many prospective bidders. Moreover, the paper quantifies the optimal size of public-private partnership contracts in the sector by estimating a cost function. The analysis shows that economies of scale exist but tend to diminish quickly as production increases. When the amount of water sold exceeds about 40 million m3, the statistical significance of economies of scale disappears. And there is no rationale for auctioning the water operation with annual water delivery of more than 400 million m3 under a single contract
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  • 79
    Language: English
    Pages: Online-Ressource (1 online resource (24 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Bidder Asymmetry In Infrastructure Procurement
    Keywords: Affiliated ; Affiliated organizations ; Auction ; Auctions ; Bid ; Bidders ; Bidding ; Competition ; Debt Markets ; E-Business ; Finance and Financial Sector Development ; Government Procurement ; Infrastructure Economics ; Infrastructure Economics and Finance ; International development ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Public disclosure ; Affiliated ; Affiliated organizations ; Auction ; Auctions ; Bid ; Bidders ; Bidding ; Competition ; Debt Markets ; E-Business ; Finance and Financial Sector Development ; Government Procurement ; Infrastructure Economics ; Infrastructure Economics and Finance ; International development ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Public disclosure ; Affiliated ; Affiliated organizations ; Auction ; Auctions ; Bid ; Bidders ; Bidding ; Competition ; Debt Markets ; E-Business ; Finance and Financial Sector Development ; Government Procurement ; Infrastructure Economics ; Infrastructure Economics and Finance ; International development ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Public disclosure
    Abstract: Asymmetric auctions are among the most rapidly growing areas in the auction literature. The potential benefits from improved auction efficiency are expected to be enormous in public procurement auctions related to official development projects. Entrant bidders are considered a key to enhance competition in an auction and break potential collusive arrangements among incumbent bidders. Asymmetric auction theory predicts that weak (fringe) bidders would bid more aggressively when they are faced with a strong (incumbent) opponent. Using official development assistance procurement data, this paper finds that in the major infrastructure sectors, entrants submitted systematically aggressive bids in the presence of an incumbent bidder. The findings also show that a high concentration of incumbents in an auction would harm auction efficiency, raising procurement costs. The results suggest that auctioneers should encourage fringe bidders to actively participate in the bidding process while maintaining the quality of the projects. This is conducive to enhancing competitive circumstances in public procurements and improving allocative efficiency
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  • 80
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed
    Keywords: Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning
    Abstract: Infrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether the current infrastructure procurement prices are appropriate. Without doubt a key is competition to curb public procurement costs. This paper analyzes procurement data from multi and bilateral official development projects in three infrastructure sectors: roads, electricity, and water and sanitation. The findings show that the competition effect is underutilized. To take full advantage of competition, at least seven bidders are needed in the road and water sectors, while three may be enough in the power sector. The paper also shows that not only competition, but also auction design, especially lot division, is crucial for reducing unit costs of infrastructure. Based on the estimated efficient unit costs, the annual financial needs are estimated at approximately 360 billion U.S. dollars. By promoting competition, the developing world might be able to save at most 8.2 percent of total infrastructure development costs
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  • 81
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Joint Bidding In Infrastructure Procurement
    Keywords: Access to Markets ; Affiliated ; Affiliated organizations ; Auction ; Bidding ; Competition ; Competition policy ; Decentralization ; Finance and Financial Sector Development ; Foreign companies ; Foreign firms ; ICT Policy and Strategies ; Information and Communication Technologies ; International Economics & Trade ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Microfinance ; Public Sector Corruption and Anticorruption Measures ; Public disclosure ; Access to Markets ; Affiliated ; Affiliated organizations ; Auction ; Bidding ; Competition ; Competition policy ; Decentralization ; Finance and Financial Sector Development ; Foreign companies ; Foreign firms ; ICT Policy and Strategies ; Information and Communication Technologies ; International Economics & Trade ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Microfinance ; Public Sector Corruption and Anticorruption Measures ; Public disclosure ; Access to Markets ; Affiliated ; Affiliated organizations ; Auction ; Bidding ; Competition ; Competition policy ; Decentralization ; Finance and Financial Sector Development ; Foreign companies ; Foreign firms ; ICT Policy and Strategies ; Information and Communication Technologies ; International Economics & Trade ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Microfinance ; Public Sector Corruption and Anticorruption Measures ; Public disclosure
    Abstract: To utilize public resources efficiently, it is required to take full advantage of competition in public procurement auctions. Joint bidding practices are one of the possible ways of facilitating auction competition. In theory, there are pros and cons. It may enable firms to pool their financial and experiential resources and remove barriers to entry. On the other hand, it may reduce the degree of competition and can be used as a cover for collusive behavior. The paper empirically addresses whether joint bidding is pro- or anti-competitive in Official Development Assistance procurement auctions for infrastructure projects. It reveals the possible risk of relying too much on a foreign bidding coalition and may suggest the necessity of overseeing it. The data reveal no strong evidence that joint bidding practices are compatible with competition policy, except for a few cases. In road procurements, coalitional bidding involving both local and foreign firms has been found pro-competitive. In the water and sewage sector, local joint bidding may be useful to draw out better offers from potential contractors. Joint bidding composed of only foreign companies is mostly considered anti-competitive
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  • 82
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Multidimensionality And Renegotiation
    Keywords: Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning
    Abstract: Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Using auction data from road and railway concessions in Latin America, the probability of renegotiation this paper estimates by a two-stage least squares technique with a binary selection in the first-stage regression. The findings show that auctioneers tend to adopt the multidimensional format when the need for social considerations, such as alleviation of unemployment, is high. This implies that such political considerations could hinder efficiency and transparency in auctions. The analysis also shows that the renegotiation risk in infrastructure concessions increases when multidimensional auctions are used. Rather, good governance, particularly anti-corruption policies, can mitigate the renegotiation problem
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  • 83
    Language: English
    Pages: Online-Ressource (1 online resource (24 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Iimi, Atsushi Effects of improving infrastructure quality on business costs
    Keywords: Communities & Human Settlements ; Driving ; Elasticity ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Private Participation in Infrastructure ; Private Sector Development ; Road ; Road quality ; Road sector ; Roads ; Town Water Supply and Sanitation ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Urban Slums Upgrading ; Water Supply and Sanitation ; Communities & Human Settlements ; Driving ; Elasticity ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Private Participation in Infrastructure ; Private Sector Development ; Road ; Road quality ; Road sector ; Roads ; Town Water Supply and Sanitation ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Urban Slums Upgrading ; Water Supply and Sanitation ; Communities & Human Settlements ; Driving ; Elasticity ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Private Participation in Infrastructure ; Private Sector Development ; Road ; Road quality ; Road sector ; Roads ; Town Water Supply and Sanitation ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Urban Slums Upgrading ; Water Supply and Sanitation
    Abstract: Economic development is affected by infrastructure services in both volume and quality terms. However, the quality of infrastructure is relatively difficult to measure and assess. The current paper, using firm-level data collected by a business environment assessment survey in 26 countries in Europe and Central Asia, estimates the marginal impacts on firm costs of infrastructure quality. The results suggest that the reliability or continuity of services is important for business performance. Firm costs significantly increase when electricity outages occur more frequently and the average outage duration becomes longer. Similarly, increased hours of water supply suspensions also reduce firms' competitiveness. In these countries, it is found that the total benefit for the economy from eliminating the existing electricity outages ranges from 0.5 to 6 percent of gross domestic product. If all water suspensions are removed, the economy could receive a gain of about 0.5 to 2 percent of gross domestic product. By contrast, the quality of telecommunications services seems to have no significant impact
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  • 84
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Iimi, Atsushi Price Structure And Network Externalities In The Telecommunications Industry
    Keywords: Access to Markets ; Data ; Debt Markets ; E-Business ; Economic Theory and Research ; Electricity ; Emerging Markets ; Fax ; Finance and Financial Sector Development ; Infrastructure Development ; International Economics & Trade ; International Telecommunication ; Macroeconomics and Economic Growth ; Markets and Market Access ; Mobile Phone ; Mobile Phone Subscribers ; Mobile Telephone ; Network ; Penetration Rate ; Private Sector Development ; Telecommunications Infrastructure ; Access to Markets ; Data ; Debt Markets ; E-Business ; Economic Theory and Research ; Electricity ; Emerging Markets ; Fax ; Finance and Financial Sector Development ; Infrastructure Development ; International Economics & Trade ; International Telecommunication ; Macroeconomics and Economic Growth ; Markets and Market Access ; Mobile Phone ; Mobile Phone Subscribers ; Mobile Telephone ; Network ; Penetration Rate ; Private Sector Development ; Telecommunications Infrastructure ; Access to Markets ; Data ; Debt Markets ; E-Business ; Economic Theory and Research ; Electricity ; Emerging Markets ; Fax ; Finance and Financial Sector Development ; Infrastructure Development ; International Economics & Trade ; International Telecommunication ; Macroeconomics and Economic Growth ; Markets and Market Access ; Mobile Phone ; Mobile Phone Subscribers ; Mobile Telephone ; Network ; Penetration Rate ; Private Sector Development ; Telecommunications Infrastructure
    Abstract: Many developing countries have experienced significant developments in their telecommunications network. Countries in Africa are no exception to this. The paper examines what factor facilitates most network expansion using micro data from 45 fixed-line and mobile telephone operators in 18 African countries. In theory the telecommunications sector has two sector-specific characteristics: network externalities and discriminatory pricing. It finds that many telephone operators in the region use peak and off-peak prices and termination-based price discrimination, but are less likely to rely on strategic fee schedules such as tie-in arrangements. The estimated demand function based on a discreet consumer choice model indicates that termination-based discriminatory pricing can facilitate network expansion. It also shows that the implied price-cost margins are significantly high. Thus, price liberalization could be conducive to development of the telecommunications network led by the private sector. Some countries in Africa are still imposing certain price restrictions. But more important, it remains a policy issue how the authorities should ensure reciprocal access between operators at reasonable cost
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  • 85
    Language: English
    Pages: Online-Ressource (1 online resource (25 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lederman, Daniel The Growth of China And India In World Trade
    Keywords: Bilateral trade ; Competitiveness ; Currencies and Exchange Rates ; Economic Theory and Research ; Economic size ; Export growth ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; Growth rate ; International Economics & Trade ; International trade ; Macroeconomics and Economic Growth ; Markets and Market Access ; Public Sector Development ; Substitution effect ; Telecommunications ; Trade Policy ; Bilateral trade ; Competitiveness ; Currencies and Exchange Rates ; Economic Theory and Research ; Economic size ; Export growth ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; Growth rate ; International Economics & Trade ; International trade ; Macroeconomics and Economic Growth ; Markets and Market Access ; Public Sector Development ; Substitution effect ; Telecommunications ; Trade Policy ; Bilateral trade ; Competitiveness ; Currencies and Exchange Rates ; Economic Theory and Research ; Economic size ; Export growth ; Exports ; Finance and Financial Sector Development ; Free Trade ; GDP ; Growth rate ; International Economics & Trade ; International trade ; Macroeconomics and Economic Growth ; Markets and Market Access ; Public Sector Development ; Substitution effect ; Telecommunications ; Trade Policy
    Abstract: This paper studies the relationship between the growth of China and India in world merchandise trade and Latin American and Caribbean commercial flows from two perspectives. First, the authors focus on the opportunity that China and India's markets have offered Latin American and Caribbean exporters during 2000-2004. Second, empirical analyses examine the partial correlation between Chinese and Indian bilateral trade flows and Latin American and Caribbean trade with third markets. Both analyses rely on the gravity model of international trade. Econometric estimations that control for the systematic correlation between expected bilateral trade volumes and the size of their regression errors, as well as importer and exporter fixed effects and year effects, provide consistent estimates of the relevant parameters for different groups of countries in Latin America and the Caribbean. Results suggest that the growth of the two Asian markets has produced large opportunities for Latin American and Caribbean exporters, which nevertheless have not been fully exploited. The evidence concerning the effects of Chinese and Indian trade with third markets is not robust, but there is little evidence of negative effects on Latin American and Caribbean exports of non-fuel merchandise. In general, China's and to a large extent India's growing presence in world trade has been good news for Latin America and the Caribbean, but some of the potential benefits remain unexploited
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  • 86
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Iimi, Atsushi What Is Missing Between Agricultural Growth And Infrastructure Development ?
    Keywords: Agriculture ; Capital Investment ; Crops and Crop Management Systems ; Economic Theory and Research ; Food and Beverage Industry ; Industry ; Infrastructure Development ; Infrastructures ; Macroeconomics and Economic Growth ; Markets and Market Access ; Road ; Roads ; Rural Infrastructure ; Transport ; Transport ; Transport Economics, Policy and Planning ; Transport Infrastructure ; Transport Network ; Transportation ; Agriculture ; Capital Investment ; Crops and Crop Management Systems ; Economic Theory and Research ; Food and Beverage Industry ; Industry ; Infrastructure Development ; Infrastructures ; Macroeconomics and Economic Growth ; Markets and Market Access ; Road ; Roads ; Rural Infrastructure ; Transport ; Transport ; Transport Economics, Policy and Planning ; Transport Infrastructure ; Transport Network ; Transportation ; Agriculture ; Capital Investment ; Crops and Crop Management Systems ; Economic Theory and Research ; Food and Beverage Industry ; Industry ; Infrastructure Development ; Infrastructures ; Macroeconomics and Economic Growth ; Markets and Market Access ; Road ; Roads ; Rural Infrastructure ; Transport ; Transport ; Transport Economics, Policy and Planning ; Transport Infrastructure ; Transport Network ; Transportation
    Abstract: Although it is commonly believed that aggregate economic growth must be associated with public infrastructure stocks, the possible infrastructure needs and effects are different from industry to industry. The agriculture sector is typical. Various infrastructures would affect agriculture growth differently depending on the type of commodity. This paper finds that a general transport network is essential to promote coffee and cocoa production, perhaps along with irrigation facilities, depending on local rainfall. Conversely, along with the transport network, the dairy industry necessitates rural water supply services as well. In some African countries, a 1 percent improvement in these key aspects of infrastructure could raise GDP by about 0.1-0.4 percent, and by possibly by several percent in some cases
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  • 87
    Language: English
    Pages: Online-Ressource (1 online resource (39 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Iimi, Atsushi Infrastructure And Trade Preferences For The Livestock Sector
    Keywords: Agriculture ; Agriculture ; Competitiveness ; Cred Demand ; Culture ; Debt Markets ; Development ; Economic Theory and Research ; Economics ; Emerging Markets ; Equations ; Exchange ; Finance and Financial Sector Development ; Free Trade ; GDP ; Income ; International Economics & Trade ; International Trade ; Livestock and Animal Husbandry ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Middle Income Countries ; Prices ; Private Sector Development ; Public Sector Development ; Trade Policy ; Transport ; Transport Economics, Policy and Planning ; Agriculture ; Agriculture ; Competitiveness ; Cred Demand ; Culture ; Debt Markets ; Development ; Economic Theory and Research ; Economics ; Emerging Markets ; Equations ; Exchange ; Finance and Financial Sector Development ; Free Trade ; GDP ; Income ; International Economics & Trade ; International Trade ; Livestock and Animal Husbandry ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Middle Income Countries ; Prices ; Private Sector Development ; Public Sector Development ; Trade Policy ; Transport ; Transport Economics, Policy and Planning ; Agriculture ; Agriculture ; Competitiveness ; Cred Demand ; Culture ; Debt Markets ; Development ; Economic Theory and Research ; Economics ; Emerging Markets ; Equations ; Exchange ; Finance and Financial Sector Development ; Free Trade ; GDP ; Income ; International Economics & Trade ; International Trade ; Livestock and Animal Husbandry ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Middle Income Countries ; Prices ; Private Sector Development ; Public Sector Development ; Trade Policy ; Transport ; Transport Economics, Policy and Planning
    Abstract: Trade preferences are expected to facilitate global market integration and offer the potential for rapid economic growth and poverty reduction for developing countries. But those preferences do not always guarantee sustainable external competitiveness to beneficiary countries and may risk discouraging their efforts to improve underlying productivity. This paper examines the EU beef import market where several African countries have been granted preferential treatment. The estimation results suggest that profitability improvement achieved by countries under the Cotonou protocol compares unfavorably with the returns to nonbeneficiary countries in recent years. Rather, it shows that public infrastructure, such as paved roads, has an important role in lowering production costs and thus increasing external competitiveness and market shares
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  • 88
    Language: English
    Pages: Online-Ressource (1 online resource (#N/A p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lederman, Daniel Product Innovation By Incumbent Firms In Developing Economies
    Abstract: A model of firm innovation illustrates the effects of the threat of imitation and product varieties on a representative firm's decision to invest in research and development to produce new product varieties. The model motivates two empirical questions: (1) Is research and development partially correlated with firms' propensity to introduce new products or product innovation in developing countries? (2) Do trade policies and the national investment climate affect firms' propensity for product innovation? The econometric evidence suggests that the answers are yes and yes, but the investment climate affects product innovation in a manner that is consistent with the presence of market failures and state capture. National trade-policy distortions appear to reduce the probability of product innovation, and the density of exporting firms at the national level also seems to positively affect the propensity to introduce new products by individual firms. The paper discusses some policy implications
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  • 89
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Cravino, Javier Foreign Direct Investment In Latin America During The Emergence of China And India
    Keywords: Capital formation ; Capital stocks ; Common Carriers Industry ; Corporate Law ; Debt Markets ; Developing countries ; Finance and Financial Sector Development ; Financial support ; Fixed capital ; Foreign Direct Investment ; Foreign capital ; Host countries ; Host country ; Industry ; International Bank ; Law and Development ; Non Bank Financial Institutions ; Transport ; Transport and Trade Logistics ; Capital formation ; Capital stocks ; Common Carriers Industry ; Corporate Law ; Debt Markets ; Developing countries ; Finance and Financial Sector Development ; Financial support ; Fixed capital ; Foreign Direct Investment ; Foreign capital ; Host countries ; Host country ; Industry ; International Bank ; Law and Development ; Non Bank Financial Institutions ; Transport ; Transport and Trade Logistics ; Capital formation ; Capital stocks ; Common Carriers Industry ; Corporate Law ; Debt Markets ; Developing countries ; Finance and Financial Sector Development ; Financial support ; Fixed capital ; Foreign Direct Investment ; Foreign capital ; Host countries ; Host country ; Industry ; International Bank ; Law and Development ; Non Bank Financial Institutions ; Transport ; Transport and Trade Logistics
    Abstract: In spite of the growing concerns about foreign direct investment being diverted from Latin America to China and India, the best available data show that Latin America has performed relatively well since 1997. Foreign capital stocks from OECD countries and the United States in particular in China and India are still far from those in the largest Latin American economies. The evidence shows that foreign capital stocks in China increased more than in Latin America during 1990-1997, but not as much since 1997. In fact, Latin America has actually performed better than China since 1997 given its lack of relative growth. The growth of foreign capital stocks in India was more stable than in China. Nonetheless, after controlling for shocks emanating from the source countries and bilateral distance between source and host countries, this paper finds a significant change in foreign capital stocks relative to China between 1990 and 1997, but no change relative to India
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  • 90
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lederman, Daniel Specialization And Adjustment During The Growth of China And India
    Keywords: Comparative advantage ; Econometric estimates ; Economic Theory and Research ; Exports ; Free Trade ; Global integration ; Gross domestic product ; Industry ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market share ; Markets and Market Access ; Patterns of trade ; Public Sector Development ; Specialization ; Terms of trade ; Trade Policy ; Water Resources ; Water and Industry ; World markets ; Comparative advantage ; Econometric estimates ; Economic Theory and Research ; Exports ; Free Trade ; Global integration ; Gross domestic product ; Industry ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market share ; Markets and Market Access ; Patterns of trade ; Public Sector Development ; Specialization ; Terms of trade ; Trade Policy ; Water Resources ; Water and Industry ; World markets ; Comparative advantage ; Econometric estimates ; Economic Theory and Research ; Exports ; Free Trade ; Global integration ; Gross domestic product ; Industry ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market share ; Markets and Market Access ; Patterns of trade ; Public Sector Development ; Specialization ; Terms of trade ; Trade Policy ; Water Resources ; Water and Industry ; World markets
    Abstract: This paper examines the extent to which the growth of China and India in world markets is affecting the patterns of trade specialization in Latin American economies. The authors construct Vollrath's measure of revealed comparative advantage by 3-digit ISIC sector, country, and year. This measure accounts for both imports and exports. The empirical analyses explore the correlation between the revealed comparative advantage of Latin America and the two Asian economies. Econometric estimates suggest that the specialization pattern of Latin A-with the exception of Mexico-has been moving in opposite direction of the trade specialization pattern of China and India. Labor-intensive sectors (both unskilled and skilled) probably have been negatively affected by the growing presence of China and India in world markets, while natural resource and scientific knowledge intensive sectors have probably benefited from China and India's growth since 1990
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  • 91
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Cravino, Javier Substitution Between Foreign Capital In China, India, The Rest of The World, And Latin America
    Keywords: Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial support ; Foreign Direct Investment ; Foreign direct investment ; Foreign investment ; International Economics & Trade ; International investment ; Macroeconomics and Economic Growth ; Manufacturing ; Natural resources ; Private Sector Development ; Production processes ; Results ; Search ; Web ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial support ; Foreign Direct Investment ; Foreign direct investment ; Foreign investment ; International Economics & Trade ; International investment ; Macroeconomics and Economic Growth ; Manufacturing ; Natural resources ; Private Sector Development ; Production processes ; Results ; Search ; Web ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial support ; Foreign Direct Investment ; Foreign direct investment ; Foreign investment ; International Economics & Trade ; International investment ; Macroeconomics and Economic Growth ; Manufacturing ; Natural resources ; Private Sector Development ; Production processes ; Results ; Search ; Web
    Abstract: This paper explores the impact of the emergence of China and India on foreign capital stocks in other economies. Using bilateral data from 1990-2003 and drawing from the knowledge-capital model of the multinational enterprises to control for fundamental determinants of foreign capital stocks across countries, the evidence suggests that the impact of foreign capital in China and India on other countries' foreign capital stocks has been positive. This finding is robust to the use of ordinary least squares, Poisson, and negative binomial estimators; to the inclusion of time and country-pair fixed effects; to the inclusion of natural-resource endowments; and to the use of the sum of foreign capital stocks in Hong Kong (China) and mainland China instead of using only the latter's foreign capital stocks. There is surprisingly weak evidence of substitution in manufacturing foreign capital stocks away from Central America and Mexico in favor of China, and from the Southern Cone countries to India, but these findings are not robust to the use of alternative estimation techniques
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  • 92
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lederman, Daniel Export Promotion Agencies
    Keywords: Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy ; Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy ; Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy
    Abstract: The number of national export promotion agencies (EPAs) has tripled over the past two decades. While more countries have made them part of their national export strategy, studies have criticized their efficiency in developing countries. Partly in reaction to these critiques, EPAs have been retooled (see ITC 1998 or 2000, for example). This paper studies the impact of existing EPAs and their strategies based on a new data set covering 104 industrial and developing countries. Results suggest that on average they have a strong and statistically significant impact on exports. For each
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 93
    Language: Spanish
    Pages: 1 Online-Ressource (302 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Este informe brinda una evaluacion preliminar del acuerdo de libre comercio celebrado con America Central y Republica Dominicana (DR-CAFTA, por sus siglas en ingles), con especial atencion a tres temas principales: 1) los beneficios comerciales y no comerciales esperados, 2) las acciones que los paises de America Central necesitan adoptar para aprovechar las nuevas oportunidades y 3) la identificacion de los grupos de la poblacion que pueden requerir asistencia para adaptarse a un entorno mas competitivo. El documento coloca al DR-CAFTA en el contexto historico de las reformas economicas que se han implementado en los paises centroamericanos desde finales de la decada de 1980 y luego lo situa en el contexto actual. Asimismo, examina varios analisis que evaluan los impactos potenciales del DR-CAFTA en los paises de America Central e identifica las poblaciones que se veran posiblemente afectadas por la eliminacion de barreras al comercio en los productos agricolas sensibles, analizando las mejores opciones de politicas para ayudar a los grupos vulnerables. El informe tambien examina las pruebas asociadas con las implicaciones macroeconomicas principales del DR-CAFTA estudiando el potencial de perdida de ingreso y el efecto que podria tener sobre los patrones de sincronizacion del ciclo comercial y las pruebas de cada uno de los paises centroamericanos en las areas de facilitacion del comercio, reformas institucionales y normativas, ademas de en innovacion y educacion, con el proposito de identificar las principales prioridades de la agenda complementaria del DR-CAFTA
    URL: Volltext  (Deutschlandweit zugänglich)
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