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The Philippine economy has been growing rapidly, at an annual growth rate of 5 percent over the past five years. Such decent growth in gross domestic product, however, did not translate into an increase in household income. Wage income declined in real terms. The poverty headcount increased slightly. The fruits of economic growth were not shared equally across the country. Challenges remain to create more jobs to keep pace with the rapidly growing active population. Using the Philippines Labor Force Survey data (2003-2007), this paper reviews the disparities in labor market performance and examines the contribution of regional and individual characteristics. The results show that real wages declined and disparities widened between the National Capital Region and other islands. The youth, less educated, and women face more challenges in finding employment with a decent salary, other things being equal. Disparities in labor market performance are largely associated with the difference in regional structure and human capital endowment. Individual characteristics account for roughly one-third of the difference in wages between the National Capital Region and other regions; regional structures and other unobservable factors account for two-thirds of the difference.
Employment rate --- Finding employment --- Health, Nutrition and Population --- High unemployment --- Household income --- Human capital --- Job creation --- Jobs --- Labor Force --- Labor force participation --- Labor Market --- Labor Market Indicators --- Labor Market Performance --- Labor market policies --- Labor Markets --- Labor Policies --- Previous job --- Real wage --- Real wages --- Social Protections and Labor --- Unemployed --- Unemployment --- Unemployment rate --- Wage rate --- Youth and Government
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The labor market performance in Croatia failed to keep pace with the moderately good overall macroeconomic development in the past few years. Youth, the less well-educated, and women face more difficulties in getting a job with a decent salary. A large part of the difference in regional labor market performance is associated with the difference in the human capital endowment. With a stagnant total employment rate, the large disparities in employment and earnings across individual groups and regions have become one of the concerns for the long-term sustainable development of the economy. Using Labor Force Survey (LFS) data from 2002-04, this paper studies the labor market performance in Croatia at the national and regional levels. The results show that both one's individual characteristics (including age, education and gender) and where he or she works plays a role in his or her employment and earnings. Regional differences in employment and earnings are reduced to a large extent when accounting for differences in individual characteristics. The simulations shed light on the effectiveness of the nationwide education policy and regional specific labor market policy, and suggest that improving human capital endowment and adjusting labor market structure are both important to rebalance regional development and enhance total welfare.
Age Groups --- Earning --- Employment Rate --- Employment Service --- Finance and Financial Sector Development --- Financial Literacy --- Human Capital --- Job --- Labor --- Labor Force --- Labor Force Participation --- Labor Market --- Labor Market Development --- Labor Market Performance --- Labor Market Policy --- Labor Markets --- Labor Organization --- Labor Policies --- Long-Term Unemployment --- Social Protections and Labor --- Total Employment --- Unemployed --- Unemployed Population --- Unemployment Benefits --- Unemployment Rate
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The Philippine economy has been growing rapidly, at an annual growth rate of 5 percent over the past five years. Such decent growth in gross domestic product, however, did not translate into an increase in household income. Wage income declined in real terms. The poverty headcount increased slightly. The fruits of economic growth were not shared equally across the country. Challenges remain to create more jobs to keep pace with the rapidly growing active population. Using the Philippines Labor Force Survey data (2003-2007), this paper reviews the disparities in labor market performance and examines the contribution of regional and individual characteristics. The results show that real wages declined and disparities widened between the National Capital Region and other islands. The youth, less educated, and women face more challenges in finding employment with a decent salary, other things being equal. Disparities in labor market performance are largely associated with the difference in regional structure and human capital endowment. Individual characteristics account for roughly one-third of the difference in wages between the National Capital Region and other regions; regional structures and other unobservable factors account for two-thirds of the difference.
Employment rate --- Finding employment --- Health, Nutrition and Population --- High unemployment --- Household income --- Human capital --- Job creation --- Jobs --- Labor Force --- Labor force participation --- Labor Market --- Labor Market Indicators --- Labor Market Performance --- Labor market policies --- Labor Markets --- Labor Policies --- Previous job --- Real wage --- Real wages --- Social Protections and Labor --- Unemployed --- Unemployment --- Unemployment rate --- Wage rate --- Youth and Government
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Development of the western region is vital to the balanced growth of China. Luo studies the impacts of infrastructure investment that may most efficiently alleviate the burden of geographical remoteness of the West. Having constructed the "adjusted distance" to approximate the transport cost, which takes into account the effects of real distance and infrastructure development, the author defines the "peripheral degree" to measure the effective remoteness of a province to an economic center. Using panel data for 1979-99 from the Chinese provinces, she shows that geographic attractiveness plays a significant role in a Solow-type growth determination model. Given the invariability of pure geographic position, progress in transportation facilities is essential to reduce the geographic handicap and to encourage the catching-up of the western region. The author's simulation results show that the central transportation hubs (Hubei, Henan, and Hunan) merit most infrastructure investments, for they favor the development of many provinces, if regional balanced growth is considered as the prime objective. In particular, improvement in the transportation facilities in central hubs will have greater effects on western development than that in the western region by itself. Improvements in the transportation facilities of the central hubs substantially improves the geographic attractiveness of the western region by reducing the transport cost from the West to the Coast and by promoting the emergence of new economic centers in such hubs, which tends to modify the national economic geographic structure. This paper is a product of the Office of the Vice President and Chief Economist, Development Economics.
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The labor market performance in Croatia failed to keep pace with the moderately good overall macroeconomic development in the past few years. Youth, the less well-educated, and women face more difficulties in getting a job with a decent salary. A large part of the difference in regional labor market performance is associated with the difference in the human capital endowment. With a stagnant total employment rate, the large disparities in employment and earnings across individual groups and regions have become one of the concerns for the long-term sustainable development of the economy. Using Labor Force Survey (LFS) data from 2002-04, this paper studies the labor market performance in Croatia at the national and regional levels. The results show that both one's individual characteristics (including age, education and gender) and where he or she works plays a role in his or her employment and earnings. Regional differences in employment and earnings are reduced to a large extent when accounting for differences in individual characteristics. The simulations shed light on the effectiveness of the nationwide education policy and regional specific labor market policy, and suggest that improving human capital endowment and adjusting labor market structure are both important to rebalance regional development and enhance total welfare.
Age Groups --- Earning --- Employment Rate --- Employment Service --- Finance and Financial Sector Development --- Financial Literacy --- Human Capital --- Job --- Labor --- Labor Force --- Labor Force Participation --- Labor Market --- Labor Market Development --- Labor Market Performance --- Labor Market Policy --- Labor Markets --- Labor Organization --- Labor Policies --- Long-Term Unemployment --- Social Protections and Labor --- Total Employment --- Unemployed --- Unemployed Population --- Unemployment Benefits --- Unemployment Rate
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A chain is only as strong as its weakest link. When the links in the chain represent development projects, if individual projects fail to achieve their purpose, the development program's effectiveness is compromised. When the chain's links are strong and well-connected, the results are improved for the sector, country, and region. The role of multilateral banks is crucial; they inform the impact of development operations and support policymakers in decision making. This volume emphasizes that some crucial links in development tend to be systematically overlooked. In these matters, preoccupation with the immediate exigencies seems to come at the expense of attention to enduring problems-at a great cost to society. Development practitioners should apply policies that have produced results over time, ensuring that the links in the chain are strong, but too often they overlook those links-because of myopia, complexity, tradition, or special interests. This book will help policy makers and practitioners focus on the links that measure progress, apply lessons, and matter for lasting results.
Economic assistance --- Economic development --- Development banks. --- Economic development projects --- Multilateral development banks --- Banks and banking --- Evaluation. --- Development banks --- Evaluation --- E-books
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