Description: Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods

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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Bibliographic Details
Main Author:	Manes, Eric
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	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&AMP;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
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

Description
Summary:	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.

Pakistan's Investment Climate : Laying the Foundation for Renewed Growth, Volume 3. Background Paper on Econometric Methods

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