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Market Dynamics and Productivity in Developing Countries - Economic Reforms in the Middle East and North Africa

Khalid Sekkat

 

Verlag Springer-Verlag, 2009

ISBN 9781441910370 , 164 Seiten

Format PDF, OL

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96,29 EUR


 

Contents

5

About the Editor and Contributors

6

Chapter 1

9

Reforms, Market Dynamics and Productivity in Developing Countries

9

1.1 Introduction

9

1.2 Firms’ Entry and Exit: Determinants and Impacts

10

1.2.1 Determinants

11

1.2.1.1 Firm Determinants

11

1.2.1.2 Industry Determinants

11

1.2.1.3 Country Determinants

12

1.2.2 Entry, Exit and Economic Performance

13

1.3 Entry, Exit and Economic Performance in LDCs

14

1.3.1 Entry, Exit and Reforms

14

1.3.2 Entry, Exit and Economic Performance

15

1.4 Conclusion

17

1.5 Notes

17

References

17

Chapter 2

20

Exit–Entry Dynamics: Case of the Manufacturing Sector in Jordan

20

2.1 Introduction

20

2.2 Overview of the Jordanian Economy

21

2.3 Manufacturing Sector

22

2.3.1 Labor Force in SMEs in the Manufacturing Sector2

23

2.3.1.1 Employment in the Manufacturing Sector

24

2.3.1.2 Employment by Establishment Size

25

2.4 Entry Exit Dynamics

26

2.4.1 Methodology

26

2.5 Determinants of Entry and Exit in Jordan

26

2.5.1 Productivity Analysis

31

2.5.2 Analysis of Productivity Change

39

2.5.3 Productivity Change for Entrants, Survivors and Exitors

39

2.5.4 Econometric Analysis

42

2.5.4.1 Determinants of Growth

42

2.5.4.2 Analysis of Entry

44

2.5.4.3 Analysis of Exit

46

2.6 Conclusion

48

2.7 Notes

50

References

50

Chapter 3

51

Industrial Dynamics and Productivity in Morocco: A Quantitative Assessment

51

3.1 Introduction

51

3.2 The Institutional Environment for Business

52

3.2.1 Overview

52

3.2.2 Corporate Regulations

53

3.2.3 Labor Market Regulations

54

3.2.4 Trade Policy and Regulations

55

3.2.5 Exchange Rate Policy

56

3.2.6 Competition Policy

57

3.3 Data and Descriptive Statistics

58

3.3.1 Data Source

58

3.3.2 Descriptive Analysis

59

3.3.2.1 Entry and Exit Rates

60

3.3.2.2 Process of Firms’ Exit

60

3.3.2.3 Entry and Exit Effects on Firms’ Size

61

3.4 The Determinants of Firm Entry and Exit

66

3.5 Entry, Exit and Productivity

70

3.5.1 Accounting Analysis

70

3.5.2 Econometric Analysis

73

3.6 Conclusion

76

3.7 Notes

76

References

77

Chapter 4

79

Entry, Exit, and Productivity in Tunisian Manufacturing Industries

79

4.1 Introduction

79

4.2 Regulations, Upgrading Program and Business Environment in Tunisia

80

4.2.1 Tunisian Institutional Context

81

4.2.2 Tunisian Upgrading (Mise à Niveau) Program

85

4.2.3 Business Environment in Tunisia

86

4.2.3.1 Starting a Business

86

4.2.3.2 Hiring and Firing Rules

88

4.2.3.3 Credit Facilities

89

4.2.3.4 Enforcing Contracts

89

4.2.3.5 Closing a Business

90

4.3 Firm Demographics Data in Tunisia: Some Stylized Facts

90

4.3.1 Data Sources

90

4.3.2 Characteristics of Entry and Exit Process of Firms

91

4.4 Determinants of Entry and Exit

100

4.4.1 Theoretical Background

100

4.4.1.1 Entry, Exit, and Symmetry Hypothesis

101

4.4.1.2 Entry, Exit, and Simultaneity Hypothesis

101

4.4.2 Econometric Specifications and Results

102

4.5 Turnover, Economic Performance, and Productivity

106

4.5.1 Impact of Entry and Exit Rates on Economic Performance

107

4.5.2 Labor Productivity and Firm Turnovers

109

4.6 Conclusion

112

4.7 Notes

113

Chapter 5

115

Entry, Exit and Productivity in Turkish Manufacturing Industries

115

5.1 Introduction

115

5.2 Data and Descriptive Statistics

117

5.2.1 Descriptive Analysis

120

5.3 Determinants of Entry and Exit Rates in the Turkish Manufacturing Sector

126

5.3.1 Entry and Exit Models

126

5.3.2 Data and Estimation Method

128

5.3.3 Estimation Results

129

5.3.3.1 Entry Rate

129

5.3.3.2 Exit Rate

135

5.4 Entry, Exit and Productivity

139

5.4.1 Contribution to Productivity Growth

139

5.4.2 Impact of Exit and Entry Rates on the Productivity Growth of Survivors

143

5.5 Conclusion

147

5.6 Notes

147

References

149

Chapter 6

150

Economic Policies, Firms’ Entry and Exit and Economic Performance: A Cross Country Analysis

150

6.1 Introduction

150

6.2 Inter- and IntraIndustry Reallocation

152

6.2.1 InterIndustry Reallocation

152

6.2.1.1 Aggregate Level Analysis

152

6.2.1.2 Industry Level Analysis

153

6.2.2 InterIndustry Reallocation

155

6.2.2.1 Aggregate Level Analysis

155

6.2.2.2 Industry Level Analysis

157

6.2.2.3 Correlation Analysis

158

6.3 Determinants of Entry and Exit

159

6.4 Entry, Exit, and Productivity

164

6.5 Conclusion and Policy Recommendations

167

6.6 Notes

168

6.7 Appendix A: Structure of the manufacturing sector in the 4 countries

169

6.8 Appendix B: World Bank’s indicators of the cost of doing business

170

References

171

Index

172