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  1. MENA export performance and specialization
    the role of financial sector development and governance
    Published: March 2016
    Publisher:  World Bank Group, Middle East and North Africa Region, Office of the Chief Economist, Washington, D.C.

    Industry and financial profiles of MENA firms may underpin the observation that MENA country exports are below potential and skewed toward low value-added goods that are unable to spur rapid job creation and inclusive growth. To assess this link, the... more

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Unlimited inter-library loan, copies and loan

     

    Industry and financial profiles of MENA firms may underpin the observation that MENA country exports are below potential and skewed toward low value-added goods that are unable to spur rapid job creation and inclusive growth. To assess this link, the paper combines analysis highlighting external financing as a determinant of export performance, and analysis highlighting sector asset tangibility and governance. Why? Because high value-added sectors tend to have higher shares of intangible assets and to create innovative products requiring substantial research and development or investments, thereby making these sectors more dependent on external financing. Using sector- and firm-level export data with country-level indicators, the results indicate that countries with more developed financial sectors and stronger governance tend to have higher exports from sectors that are more reliant on finance external to the firm, and lower exports from sectors with higher shares of tangible assets. Interestingly, financial sector development boosts exports less in MENA than in non-MENA countries. To foster expansion of higher value exports, the results suggest a critical need for: (i) deeper financial sector development that strengthens market-based systems, such as asset registries and credit reporting agencies, and (ii) strengthening of legal and governance frameworks

     

    Export to reference management software   RIS file
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    Content information
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10986/24157
    Series: Policy research working paper ; 7616
    Subjects: Exportwirtschaft; Unternehmenserfolg; Kapitalstruktur; Corporate Governance; MENA-Staaten; AGENCY COSTS; AGENCY PROBLEMS; AGRICULTURE; ASSETS; BANK LOAN; BANKING; BARRIERS; BENCHMARK; BENCHMARKS; BORROWER; BORROWERS; BUSINESS CLIMATE; BUSINESS ENVIRONMENT; CAPITAL MARKET; CAPITAL MARKETS; CAPITAL STOCK; CASH FLOW; COLLATERAL; COMPARATIVE ADVANTAGE; COMPARATIVE ADVANTAGES; COMPETITIVENESS; CONTRACT ENFORCEMENT; CORPORATE FINANCE; CORPORATE GOVERNANCE; COUNTRY-LEVEL INDICATORS; CREDIT; DEMOCRACY; DEVELOPING COUNTRIES; DEVELOPMENT; DEVELOPMENT ECONOMICS; DEVELOPMENT POLICY; DOMESTIC MARKETS; ECONOMIC DEVELOPMENT; ECONOMIC DEVELOPMENTS; ECONOMIC GROWTH; ECONOMIC INTEGRATION; ECONOMIC OUTCOMES; ENFORCEMENT; EQUITY; EXCHANGE; EXPORT GROWTH; EXPORT SECTORS; EXPORTS; EXTERNAL FINANCE; EXTERNAL FINANCING; FINANCIAL DEVELOPMENT; FINANCIAL INSTITUTIONS; FINANCIAL INTERMEDIARY; FINANCIAL MARKET; FINANCIAL MARKETS; FINANCIAL PRODUCTS; FINANCIAL SECTOR; FINANCIAL SECTOR DEVELOPMENT; FINANCIAL SECTORS; FINANCIAL SYSTEM; FINANCIAL SYSTEMS; FOREIGN DIRECT INVESTMENT; FOREIGN INVESTMENT; GDP; GDP PER CAPITA; GLOBAL EXPORTS; GLOBAL MARKET; GOOD GOVERNANCE; GOODS; GOVERNANCE; GOVERNANCE INDICATOR; GOVERNANCE INDICATORS; HUMAN CAPITAL; INCENTIVES; INCOME; INCOME GROUP; INCOME LEVELS; INFLUENCE; INSURANCE; INTANGIBLE; INTANGIBLE ASSETS; INTEREST; INTEREST RATES; INTERNATIONAL TRADE; INVENTORY; INVESTMENT; INVESTMENT CLIMATE; INVESTMENTS; INVESTOR; JOB CREATION; LABOR MARKETS; LEGAL FRAMEWORK; LEGAL FRAMEWORKS; LEGAL SYSTEM; LENDING; LINE OF CREDIT; LINES OF CREDIT; LIQUIDITY; LIVING STANDARDS; LOW-INCOME COUNTRIES; MACROECONOMIC STABILITY; MARKETS; MIDDLE-INCOME COUNTRIES; MIDDLE-INCOME ECONOMIES; ORGANIZATIONAL CAPITAL; OUTCOMES; OWNERSHIP STRUCTURE; POLITICAL ECONOMY; POLITICAL STABILITY; PRICE; PRIVATE INVESTMENT; PROPERTY RIGHTS; REAL ESTATE; RISK DIVERSIFICATION; RISK OF EXPROPRIATION; SAVINGS; SAVINGS ACCOUNT; SAVINGS ACCOUNTS; SECURE PROPERTY RIGHTS; SECURITIES; SHARE; SHARES; THEORY; TRADE; TRADITIONAL BANKING; VALUE; VALUE ADDED; VARIABLES; WAGES; WORKING CAPITAL; WORLD DEVELOPMENT INDICATORS; WORLD TRADE
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  2. Heterogeneity in subjective wellbeing
    an application to occupational allocation in Africa
    Published: 2012
    Publisher:  World Bank, Development Research Group, Macroeconomics and Growth Team, Middle East and Northern Africa Region, Office of the Chief Economist, Washington, DC

    Using an extraordinarily rich panel dataset from Ghana, this paper explores the nature of self-employment and informality in developing countries through the analysis of self-reported happiness with work and life. Subjective job satisfaction measures... more

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Unlimited inter-library loan, copies and loan

     

    Using an extraordinarily rich panel dataset from Ghana, this paper explores the nature of self-employment and informality in developing countries through the analysis of self-reported happiness with work and life. Subjective job satisfaction measures allow assessment of the relative desirability of different jobs in ways that, conditional wage comparisons cannot. By exploiting recent advances in mixed (random parameter) ordered probit models, the distribution of subjective well-being across sectors of employment is quantified. There is little evidence for the overall inferiority of the small firm informal sector: there is not a robust average satisfaction premium for formal work vs. self-employment or informal salaried work, and owners of informal firms that employ others are on average significantly happier than workers in the formal private sector. Moreover, the estimated distribution of parameters predicting satisfaction reveal substantial heterogeneity in subjective well-being within sectors that conventional fixed parameter models, such as standard ordered probit models, cannot detect: Whatever the average satisfaction premium in a sector, all job categories contain both relatively happy and disgruntled workers. Specifically, roughly 67, 50, 40 and 59 percent prefer being a small-firm employer, sole proprietor, informal salaried, civic worker respectively, than formal work. Hence, there is a high degree of overlap in the distribution of satisfaction across sectors. The results are robust to the inclusion of fixed effects and alternate measures of satisfaction. Job characteristics, self-perceived autonomy and experimentally elicited measures of attitudes toward risk do not appear to explain these distributional patterns.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10986/12074
    Series: Policy research working paper ; 6244
    Subjects: Zufriedenheit; Selbstständige; Informelle Wirtschaft; Berufswahl; Afrika; Ghana; ACCOUNTING; ATTRITION; AVERAGE WAGES; CLERICAL WORKERS; DEVELOPMENT ECONOMICS; DISGUISED UNEMPLOYMENT; DRIVERS; EARNING; EARNINGS PROSPECTS; EMPLOYEE; EMPLOYMENT; EMPLOYMENT OPPORTUNITIES; EMPLOYMENT STATUS; ENTREPRENEURSHIP; ESTIMATED PARAMETERS; FIRING; FIRM SIZE; FORMAL SECTOR WAGE; FORMAL SECTOR WORKERS; HOUSEHOLD CHARACTERISTICS; HOUSEHOLD INCOME; HOUSEHOLD WEALTH; HUMAN CAPITAL; INFORMAL ECONOMY; INFORMAL EMPLOYMENT; INFORMAL LABOR MARKETS; INFORMAL SECTOR; JOB CHARACTERISTICS; JOB SATISFACTION; JOB STATUS; JOB TENURE; JOBS; LABOR COMPENSATION; LABOR DEMAND; LABOR ECONOMICS; LABOR FORCE; LABOR MARKET; LABOR MARKET EXPERIENCE; LABOR MARKET INDICATORS; LABOR MARKET PARTICIPANTS; LABOR MARKETS; LABORERS; LABOUR; LABOUR MARKET; MANUAL LABOR; OCCUPATION; PRESENT ANALYSIS; PREVIOUS RESULTS; PREVIOUS SECTION; PRIMARY CAUSE; PRIVATE SECTOR; PRODUCTIVITY; PROFESSIONS; PSE; PUBLIC SECTOR EMPLOYEES; PUBLIC SECTOR JOBS; PUBLIC SECTOR WORKERS; RETIREMENT; SALARIED EMPLOYMENT; SALARIED WORKERS; SELFEMPLOYMENT; SMALL BUSINESSES; TURNOVER; UNEMPLOYED; UNEMPLOYMENT; UNEMPLOYMENT RATES; UNPAID WORKERS; URBAN EMPLOYMENT; WAGE DIFFERENTIALS; WAGE EMPLOYMENT; WAGE PREMIUM; WORK IN PROGRESS; WORK SATISFACTION; WORKER; WORKERS; WORKING; WORKING HOURS; WORKPLACE
    Scope: Online-Ressource (PDF-Datei: 48 S., 3,5 MB), graph. Darst.
  3. Heterogeneity in subjective wellbeing
    an application to occupational allocation in Africa
    Published: 2012
    Publisher:  World Bank, Development Research Group, Macroeconomics and Growth Team, Middle East and Northern Africa Region, Office of the Chief Economist, Washington, DC

    Using an extraordinarily rich panel dataset from Ghana, this paper explores the nature of self-employment and informality in developing countries through the analysis of self-reported happiness with work and life. Subjective job satisfaction measures... more

    Orient-Institut Beirut
    Online
    No inter-library loan
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    No inter-library loan
    Universitätsbibliothek Clausthal
    No inter-library loan
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Fachhochschule Kiel, Zentralbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 2 (6244)
    No inter-library loan
    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
    No inter-library loan

     

    Using an extraordinarily rich panel dataset from Ghana, this paper explores the nature of self-employment and informality in developing countries through the analysis of self-reported happiness with work and life. Subjective job satisfaction measures allow assessment of the relative desirability of different jobs in ways that, conditional wage comparisons cannot. By exploiting recent advances in mixed (random parameter) ordered probit models, the distribution of subjective well-being across sectors of employment is quantified. There is little evidence for the overall inferiority of the small firm informal sector: there is not a robust average satisfaction premium for formal work vs. self-employment or informal salaried work, and owners of informal firms that employ others are on average significantly happier than workers in the formal private sector. Moreover, the estimated distribution of parameters predicting satisfaction reveal substantial heterogeneity in subjective well-being within sectors that conventional fixed parameter models, such as standard ordered probit models, cannot detect: Whatever the average satisfaction premium in a sector, all job categories contain both relatively happy and disgruntled workers. Specifically, roughly 67, 50, 40 and 59 percent prefer being a small-firm employer, sole proprietor, informal salaried, civic worker respectively, than formal work. Hence, there is a high degree of overlap in the distribution of satisfaction across sectors. The results are robust to the inclusion of fixed effects and alternate measures of satisfaction. Job characteristics, self-perceived autonomy and experimentally elicited measures of attitudes toward risk do not appear to explain these distributional patterns.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10986/12074
    Series: Policy research working paper ; 6244
    Subjects: Zufriedenheit; Selbstständige; Informelle Wirtschaft; Berufswahl; Afrika; Ghana; ACCOUNTING; ATTRITION; AVERAGE WAGES; CLERICAL WORKERS; DEVELOPMENT ECONOMICS; DISGUISED UNEMPLOYMENT; DRIVERS; EARNING; EARNINGS PROSPECTS; EMPLOYEE; EMPLOYMENT; EMPLOYMENT OPPORTUNITIES; EMPLOYMENT STATUS; ENTREPRENEURSHIP; ESTIMATED PARAMETERS; FIRING; FIRM SIZE; FORMAL SECTOR WAGE; FORMAL SECTOR WORKERS; HOUSEHOLD CHARACTERISTICS; HOUSEHOLD INCOME; HOUSEHOLD WEALTH; HUMAN CAPITAL; INFORMAL ECONOMY; INFORMAL EMPLOYMENT; INFORMAL LABOR MARKETS; INFORMAL SECTOR; JOB CHARACTERISTICS; JOB SATISFACTION; JOB STATUS; JOB TENURE; JOBS; LABOR COMPENSATION; LABOR DEMAND; LABOR ECONOMICS; LABOR FORCE; LABOR MARKET; LABOR MARKET EXPERIENCE; LABOR MARKET INDICATORS; LABOR MARKET PARTICIPANTS; LABOR MARKETS; LABORERS; LABOUR; LABOUR MARKET; MANUAL LABOR; OCCUPATION; PRESENT ANALYSIS; PREVIOUS RESULTS; PREVIOUS SECTION; PRIMARY CAUSE; PRIVATE SECTOR; PRODUCTIVITY; PROFESSIONS; PSE; PUBLIC SECTOR EMPLOYEES; PUBLIC SECTOR JOBS; PUBLIC SECTOR WORKERS; RETIREMENT; SALARIED EMPLOYMENT; SALARIED WORKERS; SELFEMPLOYMENT; SMALL BUSINESSES; TURNOVER; UNEMPLOYED; UNEMPLOYMENT; UNEMPLOYMENT RATES; UNPAID WORKERS; URBAN EMPLOYMENT; WAGE DIFFERENTIALS; WAGE EMPLOYMENT; WAGE PREMIUM; WORK IN PROGRESS; WORK SATISFACTION; WORKER; WORKERS; WORKING; WORKING HOURS; WORKPLACE
    Scope: Online-Ressource (PDF-Datei: 48 S., 3,5 MB), graph. Darst.
  4. MENA export performance and specialization
    the role of financial sector development and governance
    Published: March 2016
    Publisher:  World Bank Group, Middle East and North Africa Region, Office of the Chief Economist, Washington, D.C.

    Industry and financial profiles of MENA firms may underpin the observation that MENA country exports are below potential and skewed toward low value-added goods that are unable to spur rapid job creation and inclusive growth. To assess this link, the... more

    Orient-Institut Beirut
    Online
    No inter-library loan
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    No inter-library loan
    Universitätsbibliothek Clausthal
    No inter-library loan
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    No inter-library loan
    Fachhochschule Kiel, Zentralbibliothek
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 2 (7616)
    No inter-library loan
    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
    No inter-library loan

     

    Industry and financial profiles of MENA firms may underpin the observation that MENA country exports are below potential and skewed toward low value-added goods that are unable to spur rapid job creation and inclusive growth. To assess this link, the paper combines analysis highlighting external financing as a determinant of export performance, and analysis highlighting sector asset tangibility and governance. Why? Because high value-added sectors tend to have higher shares of intangible assets and to create innovative products requiring substantial research and development or investments, thereby making these sectors more dependent on external financing. Using sector- and firm-level export data with country-level indicators, the results indicate that countries with more developed financial sectors and stronger governance tend to have higher exports from sectors that are more reliant on finance external to the firm, and lower exports from sectors with higher shares of tangible assets. Interestingly, financial sector development boosts exports less in MENA than in non-MENA countries. To foster expansion of higher value exports, the results suggest a critical need for: (i) deeper financial sector development that strengthens market-based systems, such as asset registries and credit reporting agencies, and (ii) strengthening of legal and governance frameworks

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10986/24157
    Series: Policy research working paper ; 7616
    Subjects: Exportwirtschaft; Unternehmenserfolg; Kapitalstruktur; Corporate Governance; MENA-Staaten; AGENCY COSTS; AGENCY PROBLEMS; AGRICULTURE; ASSETS; BANK LOAN; BANKING; BARRIERS; BENCHMARK; BENCHMARKS; BORROWER; BORROWERS; BUSINESS CLIMATE; BUSINESS ENVIRONMENT; CAPITAL MARKET; CAPITAL MARKETS; CAPITAL STOCK; CASH FLOW; COLLATERAL; COMPARATIVE ADVANTAGE; COMPARATIVE ADVANTAGES; COMPETITIVENESS; CONTRACT ENFORCEMENT; CORPORATE FINANCE; CORPORATE GOVERNANCE; COUNTRY-LEVEL INDICATORS; CREDIT; DEMOCRACY; DEVELOPING COUNTRIES; DEVELOPMENT; DEVELOPMENT ECONOMICS; DEVELOPMENT POLICY; DOMESTIC MARKETS; ECONOMIC DEVELOPMENT; ECONOMIC DEVELOPMENTS; ECONOMIC GROWTH; ECONOMIC INTEGRATION; ECONOMIC OUTCOMES; ENFORCEMENT; EQUITY; EXCHANGE; EXPORT GROWTH; EXPORT SECTORS; EXPORTS; EXTERNAL FINANCE; EXTERNAL FINANCING; FINANCIAL DEVELOPMENT; FINANCIAL INSTITUTIONS; FINANCIAL INTERMEDIARY; FINANCIAL MARKET; FINANCIAL MARKETS; FINANCIAL PRODUCTS; FINANCIAL SECTOR; FINANCIAL SECTOR DEVELOPMENT; FINANCIAL SECTORS; FINANCIAL SYSTEM; FINANCIAL SYSTEMS; FOREIGN DIRECT INVESTMENT; FOREIGN INVESTMENT; GDP; GDP PER CAPITA; GLOBAL EXPORTS; GLOBAL MARKET; GOOD GOVERNANCE; GOODS; GOVERNANCE; GOVERNANCE INDICATOR; GOVERNANCE INDICATORS; HUMAN CAPITAL; INCENTIVES; INCOME; INCOME GROUP; INCOME LEVELS; INFLUENCE; INSURANCE; INTANGIBLE; INTANGIBLE ASSETS; INTEREST; INTEREST RATES; INTERNATIONAL TRADE; INVENTORY; INVESTMENT; INVESTMENT CLIMATE; INVESTMENTS; INVESTOR; JOB CREATION; LABOR MARKETS; LEGAL FRAMEWORK; LEGAL FRAMEWORKS; LEGAL SYSTEM; LENDING; LINE OF CREDIT; LINES OF CREDIT; LIQUIDITY; LIVING STANDARDS; LOW-INCOME COUNTRIES; MACROECONOMIC STABILITY; MARKETS; MIDDLE-INCOME COUNTRIES; MIDDLE-INCOME ECONOMIES; ORGANIZATIONAL CAPITAL; OUTCOMES; OWNERSHIP STRUCTURE; POLITICAL ECONOMY; POLITICAL STABILITY; PRICE; PRIVATE INVESTMENT; PROPERTY RIGHTS; REAL ESTATE; RISK DIVERSIFICATION; RISK OF EXPROPRIATION; SAVINGS; SAVINGS ACCOUNT; SAVINGS ACCOUNTS; SECURE PROPERTY RIGHTS; SECURITIES; SHARE; SHARES; THEORY; TRADE; TRADITIONAL BANKING; VALUE; VALUE ADDED; VARIABLES; WAGES; WORKING CAPITAL; WORLD DEVELOPMENT INDICATORS; WORLD TRADE
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen