Investment Climate Assessment on Productivity and Wages

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (969 download)

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Book Synopsis Investment Climate Assessment on Productivity and Wages by : Alvaro Escribano

Download or read book Investment Climate Assessment on Productivity and Wages written by Alvaro Escribano and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Assessing the Impact of the Investment Climate on Productivity Using Firm-level Data

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 107 pages
Book Rating : 4./5 ( download)

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Book Synopsis Assessing the Impact of the Investment Climate on Productivity Using Firm-level Data by : Alvaro Escribano

Download or read book Assessing the Impact of the Investment Climate on Productivity Using Firm-level Data written by Alvaro Escribano and published by World Bank Publications. This book was released on 2005 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries are increasingly concerned about improving country competitiveness and productivity as they face the increasing pressures of globalization and attempt to improve economic growth and reduce poverty. Among such countries, investment climate assessments (ICA) have become a standard instrument for identifying key obstacles to country competitiveness and imputing their impact on productivity, in order to prioritize policy reforms for enhancing competitiveness. Given the survey objectives and the nature and limitations of the data collected, the authors discuss the advantages and disadvantages of using different productivity measures based on data at the firm level. Their main objective is to develop a methodology to appropriately estimate, in a robust manner, the productivity impact of the investment climate variables. To illustrate the use of this methodology, the authors apply it to the data collected for ICAs in three countries-Guatemala, Honduras, and Nicaragua. Observations in logarithms (logs) of the variables, and not in rates of growth, are pooled from all three countries. The econometric analysis is done with variables in logs to reduce the impact of measurement errors and allow inclusion of as many observations as possible since the "panel" data set is very unbalanced. The authors address the endogeneity of the production function inputs and of the investment climate variables by using a variant of the control function approach based on individual firm information, and by aggregating investment climate variables by industry and region. The authors show that it is possible to get robust results for 10 different productivity measures, if one follows a consistent econometric methodology of specification and estimation. For policy analysis, they recommend using those results of investment climate variables on productivity that are robust for most of the productivity measures. The also analyze efficiency aspects of firms in each country. Finally, they decompose the results to obtain country-specific impacts and establish corresponding priorities for policy reform. The actual estimates for the three countries show the level of significance of the impact of investment climate variables on productivity. Variables in several categories, red tape and infrastructure in particular, appear to account for over 30 percent of productivity. The policy implications are clear: investment climate matters enormously and the relative impact of the various investment climate variables indicates where reform efforts should be directed. Given the robustness of the results, the authors argue that the econometric methodology of productivity analysis developed here ought to be used as a benchmark to assess productivity effects for other ICAs or surveys with firm-level data of similar characteristics.

Investment Climate Reforms

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Publisher : World Bank Publications
ISBN 13 : 1464806292
Total Pages : 253 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Investment Climate Reforms by : World Bank World Bank

Download or read book Investment Climate Reforms written by World Bank World Bank and published by World Bank Publications. This book was released on 2015-11-02 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private firms are at the forefront of the development process, providing more than 90 percent of jobs, supplying goods and services, and representing a significant source of tax revenues. Their ability to grow, create jobs, and reduce poverty depends critically on a well-functioning investment climate--defined as the policy, legal, and institutional arrangements underpinning the functioning of markets and the level of transaction costs and risks associated with starting, operating, and closing a business. The World Bank Group has provided extensive support to investment climate reforms. This evaluation by the Independent Evaluation Group (IEG) assesses the relevance, effectiveness, and social value of World Bank Group support to investment climate reforms as it relates to concerns for inclusion and shared prosperity. IEG finds that the World Bank Group has supported a comprehensive menu of investment climate reforms and has improved investment climate in countries, as measured by number of laws enacted, streamlining of processes and time, or simple cost savings for private firms. However, the impact on investment, jobs, business formation, and growth is not straightforward. Regulatory reforms need to be designed and implemented with both economic and social costs and benefits in mind; IEG found that, in practice, World Bank Group support focuses predominantly on reducing costs to businesses. In supporting investment climate reforms, the World Bank and the International Finance Corporation use two distinct but complementary business models. Despite the fact that investment climate is the most integrated business unit in the World Bank Group, coordination is mostly informal, relying mainly on personal contacts. IEG recommends that the World Bank Group expand its range of diagnostic tools and integrate them in the areas of the business environment not yet covered by existing tools; develop an approach to identify the social effects of regulatory reforms on all groups expected to be affected by them beyond the business community; and exploit synergies by ensuring that World Bank and IFC staff improve their understanding of each other's work and business models.

Global Productivity

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Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Productivity by : Alistair Dieppe

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Firms' Productive Performance and the Investment Climate in Developing Economies

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Publisher :
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Firms' Productive Performance and the Investment Climate in Developing Economies by : Tidiane Kinda

Download or read book Firms' Productive Performance and the Investment Climate in Developing Economies written by Tidiane Kinda and published by . This book was released on 2016 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the World Bank Investment Climate Assessment surveys, this paper investigates the relationship between firm-level technical efficiency and the investment climate for 22 developing economies and eight manufacturing industries. The authors first propose three measures of firms' productive performance: labor productivity, total factor productivity, and technical efficiency. They show that, on average, enterprises in the Middle East and North Africa have performed poorly compared with other countries in the sample. The exception is Morocco, whose various measures of firm-level productivity rank close to the ones of the most productive economies. The analysis also reveals that the competitiveness of countries in the region has been handicapped by high unit labor cost, compared with main competitors like China and India. The empirical results show then? that the investment climate matters for firms' productive performance. This is true (depending on the industry) for the quality of various infrastructure, the experience and education level of the labor force, the cost of and access to financing, as well as different dimensions of the government-business relation. The analysis reveals that some industries, more exposed to international competition, are more sensitive to investment climate deficiencies. For some industries, this is also true for small and medium domestic enterprises that do not have the possibility to influence their investment climate or choose their location. These findings bear clear policy implications by showing that increasing firms' size and improving the investment climate (in particular of small and medium firms and industries more exposed to international competition) could constitute a powerful means of industrial development and competitiveness, in the Middle East and North Africa region in particular.

The Investment Climate in Brazil, India, and South Africa

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Publisher : World Bank Publications
ISBN 13 : 0821373641
Total Pages : 139 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis The Investment Climate in Brazil, India, and South Africa by : Andrew Beath

Download or read book The Investment Climate in Brazil, India, and South Africa written by Andrew Beath and published by World Bank Publications. This book was released on 2008 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: A strong investment climate is a platform for economic success. By creating opportunities and setting incentives for firms to invest and productively employ inputs, the investment climate is critical to economic growth and prosperity. Analyzing and comparing the investment climate of Brazil, India, and South Africa, three of today's largest emerging economies, this book presents policy makers with the scope of investment climate reforms in these countries. Inter- and intra-country benchmarking can be a starting point for dialogue between the government and private sector on reform priorities and help to encourage the sharing of best practices. Our hope is that this book will encourage and facilitate reform steps that can improve the investment climate in emerging economies.

Does the Investment Climate Matter?

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Publisher : World Bank Publications
ISBN 13 : 0821374125
Total Pages : 346 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Does the Investment Climate Matter? by : Pablo Fajnzylber

Download or read book Does the Investment Climate Matter? written by Pablo Fajnzylber and published by World Bank Publications. This book was released on 2008-11-12 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic stability with an increased emphasis on microeconomic reforms. By providing empirical evidence linking actual firm performance to shortcomings in Latin America's investment climate, the book discusses policies that could have a significant impact on firm productivity by improving the environment in which firms invest and operate.

Firms' Productive Performance and the Investment Climate in Developing Economies

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Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.:/5 (429 download)

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Book Synopsis Firms' Productive Performance and the Investment Climate in Developing Economies by : Tidiane Kinda

Download or read book Firms' Productive Performance and the Investment Climate in Developing Economies written by Tidiane Kinda and published by . This book was released on 2009 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Assessment of the Investment Climate in South Africa

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Publisher : Directions in Development: Pri
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis An Assessment of the Investment Climate in South Africa by : George R. G. Clarke

Download or read book An Assessment of the Investment Climate in South Africa written by George R. G. Clarke and published by Directions in Development: Pri. This book was released on 2007-05-10 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most aspects of South Africas investment climate are favorable. Consistent with this, large South African firms are very productive. Labor productivity is far higher in South Africa than in the most productive low income countries in Sub Saharan Africa. Although many areas of the investment climate are favorable, some problems remain. Firms appear to be particularly concerned about at least four areas: skills and education of workers, labor regulation, exchange rate instability, and crime.

Firms??? Productive Performance and the Investment Climate in Developing Economies

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Firms??? Productive Performance and the Investment Climate in Developing Economies by : Tidiane Kinda

Download or read book Firms??? Productive Performance and the Investment Climate in Developing Economies written by Tidiane Kinda and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on the World Bank Investment Climate Assessment surveys, this paper investigates the relationship between firm-level technical efficiency and the investment climate for 22 developing economies and eight manufacturing industries. The authors first propose three measures of firms' productive performance: labor productivity, total factor productivity, and technical efficiency. They show that, on average, enterprises in the Middle East and North Africa have performed poorly compared with other countries in the sample. The exception is Morocco, whose various measures of firm-level productivity rank close to the ones of the most productive economies. The analysis also reveals that the competitiveness of countries in the region has been handicapped by high unit labor cost, compared with main competitors like China and India. The empirical results show then? that the investment climate matters for firms' productive performance. This is true (depending on the industry) for the quality of various infrastructure, the experience and education level of the labor force, the cost of and access to financing, as well as different dimensions of the government-business relation. The analysis reveals that some industries, more exposed to international competition, are more sensitive to investment climate deficiencies. For some industries, this is also true for small and medium domestic enterprises that do not have the possibility to influence their investment climate or choose their location. These findings bear clear policy implications by showing that increasing firms' size and improving the investment climate (in particular of small and medium firms and industries more exposed to international competition) could constitute a powerful means of industrial development and competitiveness, in the Middle East and North Africa region in particular.

Productivity, Ownership and the Investment Climate

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4./5 ( download)

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Book Synopsis Productivity, Ownership and the Investment Climate by : Itzhak Goldberg

Download or read book Productivity, Ownership and the Investment Climate written by Itzhak Goldberg and published by World Bank Publications. This book was released on with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Assessment of the Investment Climate in Kenya

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Publisher : World Bank Publications
ISBN 13 : 0821378139
Total Pages : 140 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis An Assessment of the Investment Climate in Kenya by : Giuseppe Iarossi

Download or read book An Assessment of the Investment Climate in Kenya written by Giuseppe Iarossi and published by World Bank Publications. This book was released on 2009 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a survey of 781 establishments, this book sheds light on some of the most important policy issues required to put Kenya on a higher growth path. It highlights the challenges that the country's businesses face today and what government can do to overcome such obstacles.

An Assessment of the Investment Climate in Nigeria

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Publisher : World Bank Publications
ISBN 13 : 0821378112
Total Pages : 146 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis An Assessment of the Investment Climate in Nigeria by : Giuseppe Iarossi

Download or read book An Assessment of the Investment Climate in Nigeria written by Giuseppe Iarossi and published by World Bank Publications. This book was released on 2009 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on some of the most important policy issues required to put Nigeria on a higher growth path. It highlights the challenges that Nigeria's businesses face today and what government can do to overcome such obstacles.

An Assessment of the Investment Climate in South Africa

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Publisher : World Bank Publications
ISBN 13 : 0821368990
Total Pages : 161 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis An Assessment of the Investment Climate in South Africa by : Vijaya Ramachandran

Download or read book An Assessment of the Investment Climate in South Africa written by Vijaya Ramachandran and published by World Bank Publications. This book was released on 2007-05-10 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most aspects of South Africa's investment climate the location-specific factors that shape opportunities and incentives for firms to invest productively, create jobs, and grow are favorable. The majority of large, registered firms believe that the legal system is able to protect their property rights. Infrastructure is reliable. Tax rates are relatively low. The burden of regulation is comparable to other middle-income countrries. Few firms pay bribes. And most firms have adequate access to credit. In many dimensions, South Africa has a good investment climate. Consistent with this, large South African firms are very productive. Labor productivity is far higher than in the most productive low-income countries in Sub-Saharan Africa and compares favorably with other middle-income countries such as Brazil, Lithuania, Malaysia, and Poland. And although labor productivity in South Africa is slightly lower than in the most productive cities in China, it is over three times higher than in China as a whole. So, why hasn't South Africa been growing faster? As this title explores, while the investment climate is generally favorable, some problems remain. Firms appear to be particularly concerned about four areas: difficulty hiring skilled and educated workers, rigid labor regulations, exchange rate instability, and crime. Using rigorous statistical information on these and related topics, the book aims to assist policy makers and private sector stakeholders in developing reforms that will improve firm performance and growth.

Wages and Foreign Ownership

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Publisher :
ISBN 13 :
Total Pages : 438 pages
Book Rating : 4.:/5 (34 download)

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Book Synopsis Wages and Foreign Ownership by : Charles Chatree Udomsaph

Download or read book Wages and Foreign Ownership written by Charles Chatree Udomsaph and published by . This book was released on 2004 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity and the Investment Climate

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Productivity and the Investment Climate by : Fabiano Bastos

Download or read book Productivity and the Investment Climate written by Fabiano Bastos and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors explore the links between the investment climate and firm-level productivity and attempt to identify which dimensions of the investment climate matter most for productivity. Their analysis is based on data collected in a recent investment climate survey of garment and food processing firms in five countries in Eastern Europe and Central Asia. The authors use the first principal components of a series of indicators to summarize broad aspects of the investment climate and identify those most important in determining productivity. Their results indicate that competitive pressure is the most critical factor in the investment climate, accounting for more variation in firm-level productivity than infrastructure provision or issues related to government rent seeking and bureaucratic burden. This suggests that to improve productivity, increase output, and reduce poverty, policymakers should focus reform efforts on removing barriers to entry and creating open, highly competitive markets.

Quality Systems and Standards for a Competitive Edge

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Publisher : World Bank Publications
ISBN 13 : 0821368958
Total Pages : 324 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Quality Systems and Standards for a Competitive Edge by :

Download or read book Quality Systems and Standards for a Competitive Edge written by and published by World Bank Publications. This book was released on 2007 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book responds to the challenge of providing a comprehensive account of quality systems for private sector development: what works and what doesnt on the ground, and why. This volume provides a thorough analysis of the diversity of institutions, linkages, and arrangements involved in quality systems, identifying success factors in countries quality strategies. It explains why quality and standards matter for export growth, for productivity, for industrial upgrading, and for diffusion of innovation, all central ingredients in improving economic growth and generating real gains in poverty reduction. It provides a detailed blue print for implementing effective National Quality Systems. Quality and Standards Matter is a valuable tool for policymakers confronted with the challenges of building trade competitiveness in the new global economy.