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Book
Socio-Economic Spillovers from Special Economic Zones: Evidence from Cambodia
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Year: 2020 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This study examines the socio-economic impact of special economic zones (SEZs) in Cambodia---a prominent place-based policy established in 2005. The paper employs a database on existing and future SEZs in Cambodia with matched household surveys at the district level and documents stylized facts on SEZs in a low-income country setting. To identify causal effects of the SEZ program, the paper (i) constructs an alternative control group including future SEZ program participants and districts adjacent to SEZ hosts; and (ii) employs a propensity score weighting technique. The study finds that entry of SEZs disproportionately benefits female workers and leads to a decline of income inequality at a district level. However, the findings also suggest that land values in SEZ districts tend to rise while wage levels remain largely unchanged relative to other districts. In addition, the paper tests for socio-economic spillovers to surrounding areas and for agglomeration effects associated with clusters of multiple SEZs.


Book
Socio-Economic Spillovers from Special Economic Zones: Evidence from Cambodia
Author:
ISBN: 1513555642 Year: 2020 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This study examines the socio-economic impact of special economic zones (SEZs) in Cambodia---a prominent place-based policy established in 2005. The paper employs a database on existing and future SEZs in Cambodia with matched household surveys at the district level and documents stylized facts on SEZs in a low-income country setting. To identify causal effects of the SEZ program, the paper (i) constructs an alternative control group including future SEZ program participants and districts adjacent to SEZ hosts; and (ii) employs a propensity score weighting technique. The study finds that entry of SEZs disproportionately benefits female workers and leads to a decline of income inequality at a district level. However, the findings also suggest that land values in SEZ districts tend to rise while wage levels remain largely unchanged relative to other districts. In addition, the paper tests for socio-economic spillovers to surrounding areas and for agglomeration effects associated with clusters of multiple SEZs.


Book
FDI Linkages in Serbia : Policy Note
Authors: ---
Year: 2018 Publisher: Washington, DC : World Bank,

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This note examines the relationship between the presence of foreign firms and TFP growth of domestic firms (called FDI spillovers) in Serbia over 2005-2016 period. The analysis finds evidence of FDI spillovers in Serbia like domestic firms on average enjoy higher productivity because of the presence of FDI firms in the economy. Moreover, domestic firms that supply to FDI firms, or are located in the same industry as FDI firms, enjoy higher productivity presumably stemming from technology transfer, higher quality standards, or higher competition. However, productivity of domestic firms sourcing from industries with a large share of FDI firms find their productivity reduced, presumably due to mark-ups by foreign firms. The effect of FDI on productivity of domestic firms also varies by firm size and industry. Small firms benefit more from spillovers associated with backward linkages (when they supply to and FDI firm) but are worse off with more horizontal FDI (when they compete with FDI firms in the same industry). Firms in high-tech industries benefit more from horizontal and backward FDI spillovers but there is no effect for firms in low-tech industries. Lastly, firms in transport manufacturing industry do not enjoy any FDI spillovers from foreign firms in their industry. The government therefore can do more to ensure that domestic firms, especially small and medium firms and those in low-tech industries, benefit from FDI through entrepreneurship and innovation programs. Such programs can include export readiness and export coaching programs, which will improve the export performance of domestic firms and strengthen linkages with foreign firms in the country, and supplier linkages programs that can provide technical assistance to domestic firms and information to foreign firms about potential domestic suppliers. In addition, programs targeted toward increasing innovation and technology adoption of domestic firms can help them to achieve high enough productivity levels to be able to absorb FDI spillovers.


Book
Una guia del banco Mundial.
Authors: ---
ISBN: 9588307473 Year: 2010 Publisher: Washington, D.C. : The World Bank,

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Abstract

Grupo del Banco Mundial es una fuente vital de asistencia tecnica y financiera a los paises en desarrollo alrededor del mundo. Se concentra en ayudar a la gente mas pobre en los paises mas pobres mediante el uso de sus recursos financieros, personal y amplia experiencia para ayudar los paises a reducir la pobreza, incrementar el crecimiento economico y mejorar su calidad de vida. En alianza con mas de 100 paises en desarrollo, el Grupo del Banco se esfuerza en mejorar la educacion y la salud, combatir la corrupcion, estimular el apoyo agricola, construir vias y puertos y proteger el medio ambiente. Otros proyectos estan dirigidos a la reconstruccion de paises o regiones azotados por la guerra, ofrecer servicios basicos tales como acceso al agua limpia, y estimular inversiones que generen empleo. En adicion a este critico campo de trabajo alrededor del mundo, varias partes del Grupo del Banco Mundial estan involucradas en actividades que van desde el desarrollo de investigacion y analisis economicos hasta proveer servicios financieros y asesoria a los gobiernos y las empresas privadas. Estas actividades reflejan el enfasis que la institucion pone en compartir conocimiento sobre el desarrollo, el cual ha sido recolectado no solo a traves de decadas de su propia experiencia sino tambien a traves de la experiencia de los 185 miembros del Grupo del Banco-incluidos paises desarrollados yen desarrollo. Esta segunda edicion, revisada y actualizada, de Una guia del Banco Mundial ofrece una vision global accesible y directa de la historia del Grupo del Banco Mundial, su organizacion, mision y propositos. Adicionalmente, para aquellos que desean profundizar en aspectos de interes particular, el libro les guia hacia fuentes que contienen informacion mas detallada, incluyendo informes anuales, sitios de Internet, publicaciones, y direcciones de correo electronico de varios departamentos. Tambien ofrece informacion sobre como trabajar o realizar actividades de negocios con el Banco Mundial. Como una buena introduccion para cualquier persona interesada en entender lo que el Grupo del Banco Mundial hace y como lo hace, este libro les muestra a los lectores que desean aprender mas, donde pueden empezar.


Book
Serbia's New Growth Agenda : FDI Spillovers
Authors: ---
Year: 2019 Publisher: Washington, D.C. : The World Bank,

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This note examines the relationship between the presence of foreign firms and total factor productivity (TFP) growth of domestic firms (called 'FDI, Foreign Direct Investment, spillovers') in Serbia over the period of 2005-16. The analysis finds evidence of FDI spillovers in Serbia. Domestic firms on average enjoy higher productivity because of the presence of FDI firms in the economy. Moreover, domestic firms that supply to FDI firms or are located in the same industry as FDI firms, enjoy higher productivity. This presumably stems from technology transfer, higher quality standards, or higher competition. However, productivity of domestic firms sourcing from industries with a large share of FDI firms find their productivity reduced, likely due to markups by foreign firms. The effect of FDI on productivity of domestic firms also varies by firm size and industry. Small firms benefit more from spillovers associated with backward linkages (when they supply to an FDI firm) but are worse off with more horizontal FDI (when they compete with FDI firms in the same industry). Firms in high-tech industries benefit more from horizontal and backward FDI spillovers, but firms in low-tech industries experience no effect. Lastly, firms in the transport manufacturing industry do not enjoy any FDI spillover from foreign firms in their industry.


Book
Is Technology Widening the Gender Gap? Automation and the Future of Female Employment
Authors: --- ---
ISBN: 1498313981 1498313809 Year: 2019 Publisher: Washington, D.C. : International Monetary Fund,

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Using individual level data on task composition at work for 30 advanced and emerging economies, we find that women, on average, perform more routine tasks than men?tasks that are more prone to automation. To quantify the impact on jobs, we relate data on task composition at work to occupation level estimates of probability of automation, controlling for a rich set of individual characteristics (e.g., education, age, literacy and numeracy skills). Our results indicate that female workers are at a significantly higher risk for displacement by automation than male workers, with 11 percent of the female workforce at high risk of being automated given the current state of technology, albeit with significant cross-country heterogeneity. The probability of automation is lower for younger cohorts of women, and for those in managerial positions.


Book
China's Rebalancing and Gender Inequality.
Authors: --- ---
Year: 2021 Publisher: Washington, D.C. : International Monetary Fund,

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This paper examines gender inequality in the context of structural transformation and rebalancing in China. We document declining women's relative wages and labor force participation in China during the last two decades, despite rapid growth and expansion of the service sector. Using household data, we provide evidence consistent with a U-shaped relationship between economic development and women's labor market outcomes. Using a model of structural transformation, we show that labor market barriers for women have increased over time. Model counterfactuals suggest that removing these barriers and increasing service sector productivity can boost both gender equality and economic growth in China.

Keywords

Macroeconomics --- Economics: General --- Women''s Studies' --- Labor --- Gender Studies --- Industries: Service --- Foreign Exchange --- Informal Economy --- Underground Econom --- Economics of Gender --- Non-labor Discrimination --- Wages, Compensation, and Labor Costs: General --- Industry Studies: Services: General --- Demand and Supply of Labor: General --- Labor Standards: Labor Force Composition --- Economic & financial crises & disasters --- Economics of specific sectors --- Gender studies --- women & girls --- Labour --- income economics --- Social discrimination & equal treatment --- Economic growth --- Financial crises --- Economic sectors --- Women --- Gender --- Gender inequality --- Wages --- Services sector --- Labor supply --- Currency crises --- Informal sector --- Economics --- Sex discrimination --- Labor market --- Service industries --- China, People's Republic of --- Sex discrimination in employment --- Macroeconomics. --- Economics: General. --- Women''s Studies'. --- Labor. --- Gender Studies. --- Industries: Service. --- Foreign Exchange. --- Informal Economy. --- Underground Econom. --- Economics of Gender. --- Non-labor Discrimination. --- Wages, Compensation, and Labor Costs: General. --- Industry Studies: Services: General. --- Demand and Supply of Labor: General. --- Labor Standards: Labor Force Composition. --- Economic & financial crises & disasters. --- Economics of specific sectors. --- women & girls. --- Labour. --- income economics. --- Social discrimination & equal treatment. --- Economic growth. --- Financial crises. --- Economic sectors. --- Women. --- Gender. --- Gender inequality. --- Wages. --- Services sector. --- Labor supply. --- Currency crises. --- Informal sector. --- Economics. --- Sex discrimination. --- Labor market. --- Service industries. --- China, People's Republic of.


Book
Who will Bear the Brunt of Lockdown Policies? Evidence from Tele-workability Measures Across Countries
Authors: --- ---
Year: 2020 Publisher: Washington, D.C. : International Monetary Fund,

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Lockdowns imposed around the world to contain the spread of the COVID-19 pandemic are having a differential impact on economic activity and jobs. This paper presents a new index of the feasibility to work from home to investigate what types of jobs are most at risk. We estimate that over 97.3 million workers, equivalent to about 15 percent of the workforce, are at high risk of layoffs and furlough across the 35 advanced and emerging countries in our sample. Workers least likely to work remotely tend to be young, without a college education, working for non-standard contracts, employed in smaller firms, and those at the bottom of the earnings distribution, suggesting that the pandemic could exacerbate inequality. Crosscountry heterogeneity in the ability to work remotely reflects differential access to and use of technology, sectoral mix, and labor market selection. Policies should account for demographic and distributional considerations both during the crisis and in its aftermath.


Book
Trade and the COVID-19 Pandemic: Lessons from French Firms
Authors: --- ---
Year: 2022 Publisher: Washington, D.C. : International Monetary Fund,

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This paper uses granular customs data from France to investigate propagation of the COVID-19 shock along the supply chains in 2020. It quantifies the effect of the COVID-19 shock on trade adjustment and identifies mitigating and amplifying factors contributing to French firms’ heterogeneous adjustment paths. Early in the pandemic, firms mainly responded to global lockdowns and spread of the virus by reducing trade volumes (intensive margin) as opposed to exiting from import and export markets (ex-tensive margin). However, adjustment along the extensive margin played a more important role in trade with developing countries. It is shown that the impact of lockdowns was stronger for final consumer goods and the trade recovery was predominantly demand-driven. More automated, inventory-intensive, older, and medium-sized firms were more insulated from the shock, whereas firms’ reliance on air transportation for shipping goods amplified the shock. Trade bans and promotion measures implemented by governments in response to the pandemic had little impact on aggregate trade flows.


Book
Income Convergence or Divergence in the Aftermath of the COVID-19 Shock?
Authors: --- ---
Year: 2022 Publisher: Washington, D.C. : International Monetary Fund,

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The paper extends the work of Deaton (2021) by exploring the period of post-crisis recovery in 2021-2024. The paper documents per-capita income divergence during the period of post-shock recovery, with countries at the bottom of the income distribution falling significantly behind. Findings suggest that higher COVID-19 vaccination rates and targeted virus containment measures are associated with faster recovery in per-capita incomes in the medium term. Evidence on the effectiveness of economic support policies for reducing cross-country income inequality, including fiscal and monetary policies, is mixed especially in the case of developing countries.

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