Factor - Price Distortions and Employment Growth in Late Developing Countries PDF Download

Author: Richard William Moore
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 194

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Author: Orville John McDiarmid
Publisher: Baltimore : Published for the World Bank [by] the Johns Hopkins University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Unskilled labor is one of the most abundant resources available in developing countries and one that is drawn on heavily to further their economic growth. The cost of this labor is therefore an important factor in the choice and design of development projects. But how can this cost be determined? If the labor market is working efficiently, and particularly if labor is fairly mobile and fully employed, the market wage can be used. When these conditions are lacking and a surplus of unskilled labor persists apart from seasonal fluctuations, the economic or shadow wage must be estimated using other criteria. This book attempts to minimize reservations regarding the accuracy of such economic pricing. In the past, the methods for assigning economic values to labor, particulary unskilled agricultural labor, have been somewhat crude and relevant only in limited geographical areas. The task is made more difficult because most of the empirical data used in the calculations are available only at the national level. A macro approach to economic pricing is therefore formulated in this book and applied to Taiwan and the Philippines. The numerical results confirm expectations, based on general labor market conditions in the two countries, and additional studies of Korea and Indonesia are included for comparison.

Author: Dipak Mazumdar
Publisher: World Bank Publications
ISBN: 9780821311837
Category : Business & Economics
Languages : en
Pages : 128

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This paper deals with labor market structures in developing countries and the impact of government policies on rural and urban labor markets. The central concern in analyses of employment is absorption of labor. Governments try to influence the demand for labor so that more members of the labor force are absorbed into productive employment. Employment outcomes are often the by-products of government policies that affect economic growth as a whole. This paper concentrates on factors that influence the structure and functioning of labor markets. In Chapter 1, a schematic picture of labor markets is presented. Chapters 2 and 3 analyze the salient features of the workings of rural and urban labor markets and discuss some important government policies that affect the functioning of these markets. The paper concludes that Government intervention in both rural and urban labor markets has often been less than successful, sometimes because their policies were based on incorrect assumptions. At other times, these policies have achieved less because the government also adopted other policies that tended to contradict the goal of providing jobs.

Author: Sebastian Edwards
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 72

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The purpose of this paper is to provide a typology of different labor market configurations and investigate how two major structural adjustment policies, namely a trade liberalization reform and the relaxation of capital controls, affect the level of aggregate employment and the rate of unemployment. We consider a number of models starting from the traditional Australian approach. We then analyze a multiple sectors intertemporal setting and a model with uncertainty and search. We identify situations under which structural adjustment results in unemployment.

Author: Sandrine Cazes
Publisher: International Labor Office
ISBN:
Category : Business & Economics
Languages : en
Pages : 308

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In developing countries, labour markets play a central role in determining economic and social progress since employment status is one of the key determinants of exiting poverty and promoting inclusion. Yet the reality in most developing countries is that the labour market fails to create the jobs in the formal economy that would help individuals and their families prosper. In recognition of these challenges, governments and other stakeholders in developing countries have increasingly prioritised policies and programmes to promote decent work. However, this requires navigating a range of complex issues and debates surrounding the linkages between development processes and labour market outcomes. This volume consists of three main thematic parts. Part I provides a broad overview of key issues, including characterising the employment challenge in developing countries and the link between economic growth, distribution, poverty and employment. Drawing on the literature and country examples, Part II analyses the specific topics of wages, migration and education. The final section shifts to a more normative focus, addressing labour market institutions and policies, along with systematic approaches to quantifying labour markets in developing countries. Perspectives on Labour Economics for Development is an invaluable reference for policy-makers in middle- and low-income countries as well as an ideal handbook for teachers and students of economics and development.

Author: Hans Wolfgang Singer
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 280

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Author: Andrea Ciani
Publisher: World Bank Publications
ISBN: 1464815585
Category : Business & Economics
Languages : en
Pages : 178

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Economic and social progress requires a diverse ecosystem of firms that play complementary roles. Making It Big: Why Developing Countries Need More Large Firms constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate, export, and offer training and are more likely to adopt international standards of quality, among other contributions. Their particularities are closely associated with productivity advantages and translate into improved outcomes not only for their owners but also for their workers and for smaller enterprises in their value chains. The challenge for economic development, however, is that production does not reach economic scale in low- and middle-income countries. Why are large firms scarcer in developing countries? Drawing on a rare set of data from public and private sources, as well as proprietary data from the International Finance Corporation and case studies, this book shows that large firms are often born large—or with the attributes of largeness. In other words, what is distinct about them is often in place from day one of their operations. To fill the “missing top†? of the firm-size distribution with additional large firms, governments should support the creation of such firms by opening markets to greater competition. In low-income countries, this objective can be achieved through simple policy reorientation, such as breaking oligopolies, removing unnecessary restrictions to international trade and investment, and establishing strong rules to prevent the abuse of market power. Governments should also strive to ensure that private actors have the skills, technology, intelligence, infrastructure, and finance they need to create large ventures. Additionally, they should actively work to spread the benefits from production at scale across the largest possible number of market participants. This book seeks to bring frontier thinking and evidence on the role and origins of large firms to a wide range of readers, including academics, development practitioners and policy makers.

Author: Anthony Bottomley
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 192

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Study of the modification necessary to make factor pricing analysis applicable to the economic conditions of rural areas of developing countries and to integrate it into a macro economic theory of economic growth - describes the models used, examines wages rates, labour supply and productivity, rents in the context of land supply and land ownership, the cost and availability of loans and credit, the determination of rural factor costs (incl. Labour costs) and the interrelation of costs and profits, etc. Diagrams and references.

Author: Claire H. Hollweg
Publisher: World Bank Publications
ISBN: 1464802637
Category : Business & Economics
Languages : en
Pages : 123

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This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.

Author: World Employment Programme
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 210

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