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