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on Central and Western Asia |
| By: | Philippe Aghion; Robin Burgess; Stephen Redding; Fabrizio Zilibotti |
| Abstract: | This paper investigates whether the effects, on registered manufacturing out- put,employment, entry and investment, of dismantling the .license raja system of central controlsregulating entry and production activity in this sector .vary across Indian states with differentlabor market regulations. The effects are found to be unequal depending on the institutionalenvironment in which industries are embedded. In particular, following de-licensing,industries located in states with pro-employer labor market institutions grew more quicklythan those in pro-worker environments. Our results emphasize how local institutions matterfor whether industry in a region benefits or is harmed by the nationwide delicensing reform. |
| Keywords: | delicensing, economic development, labour regulation |
| JEL: | O14 O18 O21 |
| Date: | 2006–06 |
| URL: | http://d.repec.org/n?u=RePEc:cep:cepdps:dp0728&r=cwa |
| By: | Özlem Onaran (Department of Economics, Vienna University of Economics & B.A.); Nursel Aydiner-Avsar (University of Utah) |
| Abstract: | The purpose of this paper is to test the effects of labor cost, openness, and demand side variables on employment for the case of Turkey using the panel data of private manufacturing industry at three digit level for 25 sectors for the period of 1973-2001. We use a seemingly unrelated regression (SUR) model, which allows for cross-sectoral heterogeneity. The estimation results show that higher growth is more effective in stimulating employment compared to lower labor costs. The reliance of Turkey and many developing countries on labor market flexibility and openness as the unique tools of employment policy reflects a pro-capital incomes policy bias rather than a necessity. The results confirm the Keynesian emphasis on demand-side policies to fight against unemployment. |
| JEL: | J23 E24 F16 |
| Date: | 2006–08 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwwuw:wuwp097&r=cwa |
| By: | Fernandes, Ana M. |
| Abstract: | The author studies the determinants of total factor productivity (TFP) for manufacturing firms in Bangladesh using data from a recent survey. She obtains TFP measures by making use of firm-specific deflators for output and inputs. Controlling for industry, location, and year fixed effects, she finds that: (1) firm size and TFP are negatively correlated; (2) firm age and TFP exhibit an inverse-U shaped relationship; (3) TFP improves with the quality of the firm ' s human capital; (4) global integration improves TFP; (5) firms with research and development activities and quality certifications have higher TFP, while more advanced technologies improve TFP only in the presence of significant absorptive capacity; (6) power supply problems cost firms heavily in terms of TFP losses; and (7) the presence of crime dampens TFP. |
| Keywords: | Water and Industry,Economic Growth,Microfinance,Small Scale Enterprise,Economic Theory & Research |
| Date: | 2006–08–01 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wbrwps:3988&r=cwa |