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  • 1
    Online Resource
    Online Resource
    Washington, D.C. :The World Bank,
    UID:
    almafu_9961265113302883
    Format: 1 online resource (25 pages)
    Content: This paper quantifies the trade creation effects of South Asia's trade agreements within the region and with the rest of the world. The paper uses an extensive database of bilateral trade covering the manufacturing, agriculture, and service sectors in 190 countries over 1990-2015. The estimates of various specifications of a structural gravity model, including domestic trade flows, capture the potential heterogeneous effects. The main finding is that these effects are in general stronger for trade agreements signed by South Asian countries and even stronger in the case of intraregional agreements. The effects of free trade agreements vary substantially among countries and sectors and between final and intermediate goods. The paper shows that the trade policy implemented in South Asia in the previous decades has been successful, but at the same time the results point toward the existence of clear missing opportunities for the region. The opportunities lay in (i) better backward integration with the rest of the world to improve efficiency and help strengthen exports, and (ii) further deepening of intraregional agreements to continue making progress in regional integration.
    Language: English
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    UID:
    almafu_9959609993402883
    Format: 1 online resource (36 pages)
    Series Statement: Policy research working papers.
    Content: The COVID-19 pandemic has disrupted economic activity in India. Adjusting policies to contain trans- mission while mitigating the economic impact requires an assessment of the economic situation in near real-time and at high spatial granularity. This paper shows that daily electricity consumption and monthly nighttime light intensity can proxy for economic activity in India. Energy consumption is compared with the predictions of a consumption model that explains 90 percent of the variation in normal times. Energy consumption declined strongly after a national lockdown was implemented on March 25, 2020 and remained a quarter below normal levels throughout April. It recovered somewhat subsequently, but electricity consumption was on average still 13.5 percent lower than normal in May. Not all states and union territories have been affected equally. While electricity consumption halved in some, others were not affected at all. Part of the heterogeneity is explained by the prevalence of manufacturing and return migration. At the district level, higher COVID-19 infection rates were associated with larger declines in nighttime light intensity in April. Together, daily electricity consumption and nighttime light intensity allow monitoring economic activity in near real-time and high spatial granularity.
    Language: English
    URL: Volltext  (kostenfrei)
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  • 3
    UID:
    almafu_9959377665802883
    Format: 1 online resource (25 pages)
    Series Statement: Policy research working papers.
    Content: This paper examines the performance of globally engaged firms in Argentina in the past decade. Using highly disaggregated firm-level customs transaction data for imports and exports, the paper documents the progressive retreat of Argentine firms from global markets. Between 2007 and 2017, the number of exporters decreased by 30 percent. Benchmarking the characteristics of these exporters with similar countries reveals that Argentine exporters are disproportionally fewer and individually larger, with export value extremely concentrated in a few firms. Firm churning rates are disproportionately low and survival rates of entrants are high. These findings reflect exceptionally high entry costs of export, which are the result of anti-export bias and import substitution policies that sought unsuccessfully to develop the local industry. The paper shows that exporters that import directly intermediate and capital goods have better export outcomes than other exporters.
    Language: English
    URL: Volltext  (kostenfrei)
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  • 4
    UID:
    almafu_9959727704502883
    Format: 1 online resource (26 pages)
    Series Statement: Policy research working papers.
    Content: Regulatory compliance is key in the fight against climate change and other environmental challenges. But regulatory agencies, especially in developing countries, are often hampered by their capacity to monitor and enforce standards and regulations against recalcitrant firms. There is now a big push toward self-reporting whereby the firms monitor and report on their compliance levels vis-a-vis the standards. This is seen as a way around the costs that agencies must incur if they were to scale up their inspections. In this paper, extensive firm-level data from India are used to compare the compliance level of firms when they are inspected by agencies versus the times when they self-report. Other factors that may determine regulatory compliance, such as age, size, sector, location, and so forth, are also examined. The results indicate that compliance rates are higher in the case of self-reporting than in the case of inspection, suggesting that there is a need to reform the self-report mechanism. Newer and privately owned firms are more compliant. There are also differences between complying with air and water pollution. Finally, the paper examines whether environmental monitoring through inspections leads to improvement in compliance levels, to assess the effectiveness of the regulations and inspections. The findings suggest that the increase in compliance is limited to a few industries.
    Language: English
    URL: Volltext  (kostenfrei)
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  • 5
    Online Resource
    Online Resource
    Washington :The World Bank,
    UID:
    almafu_9961265489102883
    Format: 1 online resource (33 pages).
    Series Statement: Policy research working papers
    Content: This paper studies globalization dynamics over 1965-2021. Based on the definition that refers to globalization as an extension beyond national borders of the same market forces that operate at all levels of economic activity, the paper is able to determine where the world economy stands compared to the 1960s. The results show that the world economy has not entered an era of deglobalization and that China's role as one of the globalization leaders started in the mid-1980s. Also, contrary to what the tradeto- GDP ratio suggests, it is shown that China has outperformed the world economy since then. This paper builds on recent contributions in the structural gravity literature and adopts a long-run perspective to offer an analytical toolkit for the current debate around globalization dynamics. The methodology and empirical results provide deep insights across countries and sectors, showing that country-specific events are intuitively captured and illustrating how to disentangle the role of factors like trade agreements.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 6
    UID:
    gbv_1726663167
    Format: 1 Online-Ressource (circa 36 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9291
    Content: The COVID-19 pandemic has disrupted economic activity in India. Adjusting policies to contain trans- mission while mitigating the economic impact requires an assessment of the economic situation in near real-time and at high spatial granularity. This paper shows that daily electricity consumption and monthly nighttime light intensity can proxy for economic activity in India. Energy consumption is compared with the predictions of a consumption model that explains 90 percent of the variation in normal times. Energy consumption declined strongly after a national lockdown was implemented on March 25, 2020 and remained a quarter below normal levels throughout April. It recovered somewhat subsequently, but electricity consumption was on average still 13.5 percent lower than normal in May. Not all states and union territories have been affected equally. While electricity consumption halved in some, others were not affected at all. Part of the heterogeneity is explained by the prevalence of manufacturing and return migration. At the district level, higher COVID-19 infection rates were associated with larger declines in nighttime light intensity in April. Together, daily electricity consumption and nighttime light intensity allow monitoring economic activity in near real-time and high spatial granularity
    Additional Edition: Erscheint auch als Druck-Ausgabe Beyer, Robert C.M Examining the Economic Impact of COVID-19 in India through Daily Electricity Consumption and Nighttime Light Intensity Washington, D.C : The World Bank, 2020
    Language: English
    Keywords: Graue Literatur
    Author information: Beyer, Robert 1986-
    Library Location Call Number Volume/Issue/Year Availability
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  • 7
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, South Asia Region, Office of the Chief Economist
    UID:
    gbv_1743807740
    Format: 1 Online-Ressource (circa 26 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9468
    Content: Regulatory compliance is key in the fight against climate change and other environmental challenges. But regulatory agencies, especially in developing countries, are often hampered by their capacity to monitor and enforce standards and regulations against recalcitrant firms. There is now a big push toward self-reporting whereby the firms monitor and report on their compliance levels vis-a-vis the standards. This is seen as a way around the costs that agencies must incur if they were to scale up their inspections. In this paper, extensive firm-level data from India are used to compare the compliance level of firms when they are inspected by agencies versus the times when they self-report. Other factors that may determine regulatory compliance, such as age, size, sector, location, and so forth, are also examined. The results indicate that compliance rates are higher in the case of self-reporting than in the case of inspection, suggesting that there is a need to reform the self-report mechanism. Newer and privately owned firms are more compliant. There are also differences between complying with air and water pollution. Finally, the paper examines whether environmental monitoring through inspections leads to improvement in compliance levels, to assess the effectiveness of the regulations and inspections. The findings suggest that the increase in compliance is limited to a few industries
    Additional Edition: Erscheint auch als Druck-Ausgabe Franco-Bedoya, Sebastian The Drivers of Firms' Compliance to Environmental Regulations: The Case of India Washington, D.C : The World Bank, 2020
    Language: English
    Keywords: Graue Literatur
    Library Location Call Number Volume/Issue/Year Availability
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  • 8
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, Development Economics, World Development Report 2020 Team
    UID:
    gbv_1691193526
    Format: 1 Online-Ressource (circa 29 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9090
    Content: The global economy has witnessed a decline in inflation and an increase in inflation synchronization since the early 1980s. This paper investigates the relationship between inflation synchronization and trade integration, and documents the strong link between inflation co-movement and Global Value Chain (GVC) participation. Using 35 years and both gross and value-added trade flows, evidence shows that an increase in production linkages, as proxied by trade in intermediate inputs, is strongly associated with higher inflation correlation. Moreover, backward GVC participation is associated with an increase in bilateral inflation co-movement while forward participation is linked with a higher correlation between domestic and worldwide inflation. The paper also finds evidence of the effect of trade integration in decreasing inflation levels
    Additional Edition: Erscheint auch als Druck-Ausgabe de Soyres Francois Inflation Dynamics And Global Value Chains Washington, D.C : The World Bank, 2019
    Language: English
    Keywords: Graue Literatur
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  • 9
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, Macroeconomics, Trade and Investment Global Practice
    UID:
    gbv_1713904489
    Format: 1 Online-Ressource (circa 25 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9218
    Content: This paper examines the performance of globally engaged firms in Argentina in the past decade. Using highly disaggregated firm-level customs transaction data for imports and exports, the paper documents the progressive retreat of Argentine firms from global markets. Between 2007 and 2017, the number of exporters decreased by 30 percent. Benchmarking the characteristics of these exporters with similar countries reveals that Argentine exporters are disproportionally fewer and individually larger, with export value extremely concentrated in a few firms. Firm churning rates are disproportionately low and survival rates of entrants are high. These findings reflect exceptionally high entry costs of export, which are the result of anti-export bias and import substitution policies that sought unsuccessfully to develop the local industry. The paper shows that exporters that import directly intermediate and capital goods have better export outcomes than other exporters
    Additional Edition: Erscheint auch als Druck-Ausgabe Arnoletto, Matias Exporters Dynamics and the Role of Imports in Argentina Washington, D.C : The World Bank, 2020
    Language: English
    Keywords: Graue Literatur
    Library Location Call Number Volume/Issue/Year Availability
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  • 10
    UID:
    edocfu_9959377665802883
    Format: 1 online resource (25 pages)
    Series Statement: Policy research working papers.
    Content: This paper examines the performance of globally engaged firms in Argentina in the past decade. Using highly disaggregated firm-level customs transaction data for imports and exports, the paper documents the progressive retreat of Argentine firms from global markets. Between 2007 and 2017, the number of exporters decreased by 30 percent. Benchmarking the characteristics of these exporters with similar countries reveals that Argentine exporters are disproportionally fewer and individually larger, with export value extremely concentrated in a few firms. Firm churning rates are disproportionately low and survival rates of entrants are high. These findings reflect exceptionally high entry costs of export, which are the result of anti-export bias and import substitution policies that sought unsuccessfully to develop the local industry. The paper shows that exporters that import directly intermediate and capital goods have better export outcomes than other exporters.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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