Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods
Pakistan has faced a seismic shift in its global and domestic economic landscape which until recently limited policy options to address investment climate concerns. External shocks, internal policy inaction and political turmoil placed the country...
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| Format: | Investment Climate Assessment (ICA) |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/12/16251110/pakistans-investment-climate-laying-foundation-renewed-growth-vol-3-3-background-paper-econometric-methods http://hdl.handle.net/10986/12377 |
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okr-10986-12377 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ALLOCATIVE EFFICIENCY AVERAGE PRODUCTIVITY BIASES BOOK VALUE BOOTSTRAP COEFFICIENTS COMPETITIVENESS CONDITIONAL EXPECTATION CONSTANT RETURNS TO SCALE CONSTANT TERM COVARIANCE DEPENDENT VARIABLE DEPENDENT VARIABLES DUMMY VARIABLES DYNAMIC PANEL ECONOMETRIC ANALYSIS ECONOMETRIC METHODOLOGY ECONOMETRIC METHODS ECONOMETRIC MODEL ECONOMETRIC MODELS ECONOMETRICS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ELECTRICITY EMPIRICAL ANALYSIS EMPLOYMENT ENDOGENOUS VARIABLES EQUATIONS EQUIPMENT ERROR ERROR TERM ERROR TERMS EXPLANATORY VARIABLES EXPORT MARKET EXPORT MARKETS EXPORTS EXTRAPOLATION FACTOR MARKETS FIXED EFFECTS FOREIGN DIRECT INVESTMENT FUNCTIONAL FORMS GDP GDP PER CAPITA GENERATING FUNCTIONS GLOBAL MARKETS GRANGER CAUSALITY IMPUTATION IMPUTATION ALGORITHM IMPUTATION METHODS INCOME INCOME GROUPS INCONSISTENT ESTIMATES INNOVATION INTERNATIONAL COMPARISONS INVENTORY LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LARGE NUMBER LIKELIHOOD FUNCTION LINEAR FUNCTION LINEAR PROBABILITY LIVING STANDARDS LOG LIKELIHOOD FUNCTION LOGARITHMS MANUFACTURING MARKET SHARE MARKET SHARES MATRIX MEASUREMENT ERRORS MISSING DATA MISSING OBSERVATIONS MISSING VALUE MISSING VALUES MONOPOLIES MULTIPLE IMPUTATION MULTIPLE IMPUTATIONS NONLINEAR MODELS NORMAL DISTRIBUTIONS NUMBER OF OBSERVATIONS NUMBER OF REGRESSORS OUTLIERS PANEL DATA PERFORMANCE MEASURES PREDICTIONS PRIVATE SECTOR PROBABILITIES PROBABILITY PROBABILITY MODELS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITIES PRODUCTIVITY PRODUCTIVITY INCREASES R&D RANDOM EFFECTS RANDOM EFFECTS ESTIMATOR RANDOM VARIABLE RATE OF CHANGE REAL WAGES REGRESSION ANALYSIS REGRESSION EQUATION REGRESSION MODEL RESULT RESULTS SAMPLE MEAN SAMPLE MEANS SAMPLE SELECTION SAMPLE SIZE SELECTION MODEL SENSITIVITY ANALYSIS SIMULTANEOUS EQUATIONS STANDARD ERRORS STATISTICAL METHODOLOGY TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRANSITION ECONOMIES VARIABILITY WAGES |
| spellingShingle |
ALLOCATIVE EFFICIENCY AVERAGE PRODUCTIVITY BIASES BOOK VALUE BOOTSTRAP COEFFICIENTS COMPETITIVENESS CONDITIONAL EXPECTATION CONSTANT RETURNS TO SCALE CONSTANT TERM COVARIANCE DEPENDENT VARIABLE DEPENDENT VARIABLES DUMMY VARIABLES DYNAMIC PANEL ECONOMETRIC ANALYSIS ECONOMETRIC METHODOLOGY ECONOMETRIC METHODS ECONOMETRIC MODEL ECONOMETRIC MODELS ECONOMETRICS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ELECTRICITY EMPIRICAL ANALYSIS EMPLOYMENT ENDOGENOUS VARIABLES EQUATIONS EQUIPMENT ERROR ERROR TERM ERROR TERMS EXPLANATORY VARIABLES EXPORT MARKET EXPORT MARKETS EXPORTS EXTRAPOLATION FACTOR MARKETS FIXED EFFECTS FOREIGN DIRECT INVESTMENT FUNCTIONAL FORMS GDP GDP PER CAPITA GENERATING FUNCTIONS GLOBAL MARKETS GRANGER CAUSALITY IMPUTATION IMPUTATION ALGORITHM IMPUTATION METHODS INCOME INCOME GROUPS INCONSISTENT ESTIMATES INNOVATION INTERNATIONAL COMPARISONS INVENTORY LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LARGE NUMBER LIKELIHOOD FUNCTION LINEAR FUNCTION LINEAR PROBABILITY LIVING STANDARDS LOG LIKELIHOOD FUNCTION LOGARITHMS MANUFACTURING MARKET SHARE MARKET SHARES MATRIX MEASUREMENT ERRORS MISSING DATA MISSING OBSERVATIONS MISSING VALUE MISSING VALUES MONOPOLIES MULTIPLE IMPUTATION MULTIPLE IMPUTATIONS NONLINEAR MODELS NORMAL DISTRIBUTIONS NUMBER OF OBSERVATIONS NUMBER OF REGRESSORS OUTLIERS PANEL DATA PERFORMANCE MEASURES PREDICTIONS PRIVATE SECTOR PROBABILITIES PROBABILITY PROBABILITY MODELS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITIES PRODUCTIVITY PRODUCTIVITY INCREASES R&D RANDOM EFFECTS RANDOM EFFECTS ESTIMATOR RANDOM VARIABLE RATE OF CHANGE REAL WAGES REGRESSION ANALYSIS REGRESSION EQUATION REGRESSION MODEL RESULT RESULTS SAMPLE MEAN SAMPLE MEANS SAMPLE SELECTION SAMPLE SIZE SELECTION MODEL SENSITIVITY ANALYSIS SIMULTANEOUS EQUATIONS STANDARD ERRORS STATISTICAL METHODOLOGY TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRANSITION ECONOMIES VARIABILITY WAGES Manes, Eric Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods |
| geographic_facet |
South Asia Pakistan |
| description |
Pakistan has faced a seismic shift in
its global and domestic economic landscape which until
recently limited policy options to address investment
climate concerns. External shocks, internal policy inaction
and political turmoil placed the country in a precarious
economic condition, calling on the authorities to take a
hard look at the policy choices ahead. Macroeconomic
instability resulting in inflation, exchange rate
depreciation, and a rapid depletion in foreign reserves
became acute in 2007-08, with the adjustment accompanied by
a reduction in investment, export and output growth. The
recent slowdown in global demand for world trade along with
supply shocks from the domestic economy has exacerbated an
already monumental challenge for Pakistani firms to prosper
and policy makers to respond. As external market conditions
and Pakistan's own stabilization program temper
economic expectations, opportunities abound to lay the
foundation for expansion. Given Pakistan's geopolitical
positioning, growing labor participation rates, and
improvements in the standard of living, significant poverty
outcomes can be achieved through sustained economic growth.
Even, in the short run, during periods of slower growth,
banking system weakness, and corporate distress, Pakistan
can take the opportunity to position itself for the
inevitable global rebound. Concerted efforts now can improve
firm level productivity, fluidity of markets for labor,
capital and land, as well as goods, and therefore, better
resource use and global competitiveness. |
| format |
Economic & Sector Work :: Investment Climate Assessment (ICA) |
| author |
Manes, Eric |
| author_facet |
Manes, Eric |
| author_sort |
Manes, Eric |
| title |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods |
| title_short |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods |
| title_full |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods |
| title_fullStr |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods |
| title_full_unstemmed |
Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods |
| title_sort |
pakistan's investment climate : laying the foundation for renewed growth, volume 3. background paper on econometric methods |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2009/12/16251110/pakistans-investment-climate-laying-foundation-renewed-growth-vol-3-3-background-paper-econometric-methods http://hdl.handle.net/10986/12377 |
| _version_ |
1764419694469578752 |
| spelling |
okr-10986-123772021-04-23T14:03:00Z Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods Manes, Eric ALLOCATIVE EFFICIENCY AVERAGE PRODUCTIVITY BIASES BOOK VALUE BOOTSTRAP COEFFICIENTS COMPETITIVENESS CONDITIONAL EXPECTATION CONSTANT RETURNS TO SCALE CONSTANT TERM COVARIANCE DEPENDENT VARIABLE DEPENDENT VARIABLES DUMMY VARIABLES DYNAMIC PANEL ECONOMETRIC ANALYSIS ECONOMETRIC METHODOLOGY ECONOMETRIC METHODS ECONOMETRIC MODEL ECONOMETRIC MODELS ECONOMETRICS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ELECTRICITY EMPIRICAL ANALYSIS EMPLOYMENT ENDOGENOUS VARIABLES EQUATIONS EQUIPMENT ERROR ERROR TERM ERROR TERMS EXPLANATORY VARIABLES EXPORT MARKET EXPORT MARKETS EXPORTS EXTRAPOLATION FACTOR MARKETS FIXED EFFECTS FOREIGN DIRECT INVESTMENT FUNCTIONAL FORMS GDP GDP PER CAPITA GENERATING FUNCTIONS GLOBAL MARKETS GRANGER CAUSALITY IMPUTATION IMPUTATION ALGORITHM IMPUTATION METHODS INCOME INCOME GROUPS INCONSISTENT ESTIMATES INNOVATION INTERNATIONAL COMPARISONS INVENTORY LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LARGE NUMBER LIKELIHOOD FUNCTION LINEAR FUNCTION LINEAR PROBABILITY LIVING STANDARDS LOG LIKELIHOOD FUNCTION LOGARITHMS MANUFACTURING MARKET SHARE MARKET SHARES MATRIX MEASUREMENT ERRORS MISSING DATA MISSING OBSERVATIONS MISSING VALUE MISSING VALUES MONOPOLIES MULTIPLE IMPUTATION MULTIPLE IMPUTATIONS NONLINEAR MODELS NORMAL DISTRIBUTIONS NUMBER OF OBSERVATIONS NUMBER OF REGRESSORS OUTLIERS PANEL DATA PERFORMANCE MEASURES PREDICTIONS PRIVATE SECTOR PROBABILITIES PROBABILITY PROBABILITY MODELS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITIES PRODUCTIVITY PRODUCTIVITY INCREASES R&D RANDOM EFFECTS RANDOM EFFECTS ESTIMATOR RANDOM VARIABLE RATE OF CHANGE REAL WAGES REGRESSION ANALYSIS REGRESSION EQUATION REGRESSION MODEL RESULT RESULTS SAMPLE MEAN SAMPLE MEANS SAMPLE SELECTION SAMPLE SIZE SELECTION MODEL SENSITIVITY ANALYSIS SIMULTANEOUS EQUATIONS STANDARD ERRORS STATISTICAL METHODOLOGY TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRANSITION ECONOMIES VARIABILITY WAGES Pakistan has faced a seismic shift in its global and domestic economic landscape which until recently limited policy options to address investment climate concerns. External shocks, internal policy inaction and political turmoil placed the country in a precarious economic condition, calling on the authorities to take a hard look at the policy choices ahead. Macroeconomic instability resulting in inflation, exchange rate depreciation, and a rapid depletion in foreign reserves became acute in 2007-08, with the adjustment accompanied by a reduction in investment, export and output growth. The recent slowdown in global demand for world trade along with supply shocks from the domestic economy has exacerbated an already monumental challenge for Pakistani firms to prosper and policy makers to respond. As external market conditions and Pakistan's own stabilization program temper economic expectations, opportunities abound to lay the foundation for expansion. Given Pakistan's geopolitical positioning, growing labor participation rates, and improvements in the standard of living, significant poverty outcomes can be achieved through sustained economic growth. Even, in the short run, during periods of slower growth, banking system weakness, and corporate distress, Pakistan can take the opportunity to position itself for the inevitable global rebound. Concerted efforts now can improve firm level productivity, fluidity of markets for labor, capital and land, as well as goods, and therefore, better resource use and global competitiveness. 2013-02-15T20:54:29Z 2013-02-15T20:54:29Z 2009-12 http://documents.worldbank.org/curated/en/2009/12/16251110/pakistans-investment-climate-laying-foundation-renewed-growth-vol-3-3-background-paper-econometric-methods http://hdl.handle.net/10986/12377 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Investment Climate Assessment (ICA) Economic & Sector Work South Asia Pakistan |