scholarly journals EVALUATION OF SOME BUSINESS MACRO ENVIRONMENT FORECASTING METHODS

2006 ◽  
Vol 7 (3) ◽  
pp. 111-117 ◽  
Author(s):  
Vulfs Kozlinskis ◽  
Kristine Guseva
Keyword(s):  
World Bank ◽  
Future Expectations ◽  
The World Bank ◽  
Forecasting Methods ◽  
The World ◽  
Survey Results ◽  
System Of Parameters ◽  
Key Indicators ◽  
Further Development

Latest studies in the field of business macro environment (BME) assessment and forecasting have been undertaken and successfully implemented by the World Bank (2003–2004). Considerable contribution to the field has been made by Nobel Prize winners in Economics F. Kydland and E. Prescott in 2004. Nonetheless, a number of issues concerning BME evaluation and forecasting is still left unstudied. The Article highlights two major issues of BME: the fist part of the paper is focused on assessment of BME and the quality of BME development prognosis made by entrepreneurs. Based on key findings the following second part of the research examines the accuracy (validity) of businessmen prognosis and identifies key indicators businessmen rely on for formulating their future expectations. For that purpose a system of parameters and trends, as well as entrepreneurs’ survey results have been applied. The study concludes by illustrating the effect of inaccurately formulated prognosis and expectation on further development of BME events in conjunction with new assessment and forecasting proposals.

scholarly journals RELAÇÃO ENTRE OS INDICADORES DE GOVERNANÇA DOS PAÍSES E O ÍNDICE DE DESENVOLVIMENTO HUMANO

2019 ◽  
Vol 16 (1) ◽  
pp. 53 ◽  
Author(s):  
Antonio Aguiar Filho ◽  
Marco Antônio Tomé ◽  
Adilson De Brito Farias ◽  
Celso Machado Machado Junior ◽  
Daielly Melina Nassif Mantovani Ribeiro
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Human Development ◽  
World Bank ◽  
Human Development Index ◽  
Significant Positive Correlation ◽  
The World Bank ◽  
Development Level ◽  
The World

O desenvolvimento humano dos países se trata de um tema em destaque que exige ações governamentais para a melhoria da qualidade de vida de seus cidadãos. O problema de dimensionar este desenvolvimento frente às ações de governo determina o objetivo de analisar a existência de correlação entre os indicadores de governança dos países calculados pelo Banco Mundial (WGI) com o índice de desenvolvimento humano calculado pela Organização das nações Unidas (IDH). Para investigar essa hipótese foram efetuadas análises de correlação entre o IDH e as seis dimensões de governança do WGI. Os resultados da pesquisa confirmam a existência de significativa correlação positiva entre o IDH e o WGI, estabelecendo assim o entendimento da complementariedade destes indicadores, e a possibilidade de sua utilização no estabelecimento de ações governamentais.Palavras-chave: Governança dos países. WGI. Desenvolvimento humano. IDH. Desenvolvimento sustentável.ABSTRACTThe human development level of the countries is a key issue that requires government actions to improve the quality of life of its citizens. The problem of dimensioning this development in relation to government actions determines the objective of analyzing the existence of a correlation between the indicators of governance of the countries calculated by the World Bank (WGI) and the human development index calculated by the United Nations (IDH). To investigate this hypothesis, correlation analyzes were performed between HDI and the six governance dimensions of WGI. The results of the research confirm the existence of a significant positive correlation between the HDI and the WGI, thus establishing the understanding of the complementarity of these indicators and the possibility of their use in the establishment of governmental actions.Keywords: Worldwide governance. WGI. Human development. HDI. Sustainable development.

scholarly journals Selected Approaches to the Business Environment Evaluation

2015 ◽  
Vol 63 (2) ◽  
pp. 515-523 ◽  
Author(s):  
Helena Chládková
Keyword(s):  
Czech Republic ◽  
World Bank ◽  
New Technologies ◽  
Technological Development ◽  
Business Environment ◽  
The Czech Republic ◽  
Doing Business ◽  
The World Bank ◽  
The World

This paper contains views of managers on the quality of business environment and also reflects the results of the World Bank, which annually assesses the conditions for doing business in different countries, including the Czech Republic. The business environment of the Czech Republic was evaluated based upon the results of the World Bank, which assesses conditions for doing business in various parts of the world. Secondly, views of SME managers on the quality of the business environment were presented. The World Bank’s „Doing Business 2011“ report puts the Czech Republic in the 63rd place (out of 183 examined countries) when it comes to the quality of the business environment. The Czech Republic improved its score in two categories (Property Registration and Ending a Business) compared to the same evaluation conducted in 2010. SME managers evaluated the business environment with SWOT Analysis. „Technical and technological development along with increase in demand for innovated products made by new technologies“ was perceived as the most significant opportunity (82%) while „Competition and rivalry in the industry“ was identified as the most significant threat by almost all respondents (92%) in their 2010 evaluation.

scholarly journals Does the quality of public policies and institutions matter for entrepreneurial activity? Evidences from the European Union’s member states

2016 ◽  
Vol 63 (4) ◽  
pp. 425-439 ◽  
Author(s):  
Bogdan Dima ◽  
Oana-Ramona Lobonţ ◽  
N Nicoleta-Claudia
Keyword(s):  
World Bank ◽  
Low Income ◽  
Early Stage ◽  
Public Policies ◽  
Control Variable ◽  
Entrepreneurial Activity ◽  
Member States ◽  
The World Bank ◽  
The World

By using data related to the 15 European Union ?old? and ?new? Member States, for a time span between 2001 and 2014, the present paper supports the thesis of a positive and significant correlation between the quality of governance and entrepreneurial activity. In order to test such correlation, the elements of Governance Quality reported by the World Bank?s Worldwide Governance Indicators (WGI) project were considered. Some key aspects of entrepreneurial activity reflected by Total Early-Stage Entrepreneurial Activity, Perceived Opportunities and Perceived Capabilities were taken into account based on The Global Entrepreneurship Monitor (GEM) database. In addition, in order to reflect the structural rigidities and tensions from the labour market, the unemployment rate provided by the World Bank?s World Development Indicators database was considered as a control variable. The effect of the inclusion of a country in a certain development group, according to the most recent World Bank classification (?low-income economies? to ?high-income economies?), was also considered in a multi-level analytical framework with a two-level model. The results of this study clearly indicate that higher levels of public policies and institutions? credibility/effectiveness produce a positive and robust impact on entrepreneurial climate.

scholarly journals Does the Political Environment Affect Inflows of Foreign Direct Investment? Evidence from Emerging Markets

2015 ◽  
Vol 63 (6) ◽  
pp. 2017-2026
Author(s):  
Michal Mádr ◽  
Luděk Kouba
Keyword(s):  
Emerging Markets ◽  
World Bank ◽  
Direct Investment ◽  
Political Instability ◽  
The Political ◽  
Political Environment ◽  
Quality Of Democracy ◽  
The World Bank ◽  
The World

The main aim of the paper is to identify and quantify the influence of the political environment on the inflows of foreign direct investment in emerging markets. The paper defines emerging markets as Middle Income Countries according to the evaluation of the World Bank. Our sample of countries contains 78 states. The reference period focuses on the period of 1996–2012 due to data availability. The evaluation of the political environment is based on three dimensions: the quality of democracy, political instability and the level of corruption, which are related to three subcomponents of the concept, Governance Matters, provided by the World Bank. The paper distinguishes between two types of political instability omitted in thematic literature, elite and non-elite. The former represents non-violent instability (minority governments, tension related to the holding of elections) while the latter deals with violent forms of instability (civil wars, coups, ethnic and religious riots). The paper uses panel data regression analysis for the purpose of identification and quantification. The research uses fixed effects model with a cluster option. According to the results, the influence of the political environment on FDI is not entirely unequivocal in emerging markets; nevertheless, there is a statistically significant dimension – political instability (both parts). The quality of democracy and the level of corruption are significant only in some cases. The paper combines indicators frequently occurring in empirical literature (the Corruption Perception Index, Freedom in the World, Governance Matters) with alternative proxies (the Herfindahl Index Government, the Political Terror Scale, the State Fragility Index), which seem to be a perspective for a future research.

scholarly journals Assessment of Corruption Level as a Component of Governance Indicator: International Experience and Russian Practices

2021 ◽  
Vol 12 (4) ◽  
Author(s):  
Elena Bakhtairova ◽  
Alexandra Anganova
Keyword(s):  
World Bank ◽  
Russian Federation ◽  
National Level ◽  
Governance Indicator ◽  
The World Bank ◽  
The World ◽  
The Russian Federation ◽  
Quality Of Governance ◽  
The Government

As corruptions is one of the most important problems in most modern states, its assessment forms an important part of integral governance indicator. Worldwide Governance Indicators (WGI), a technique, worked out by The World Bank, is widely used in the international level. Since 2019 the technique “Methodology of Conducting Sociological Surveys for Corruption Assessment in the Constituent Entities of the Russian Federation” (further in the text — Methodology of the Russian Federation Government), adopted by the Government Decree of the Russian Federation, is used in the national level. The main purpose of the present research is to evaluate how the national methodology of corruption assessment reflects the quality of governance in this sphere. The research focuses on the main techniques for corruption assessment in different levels. The study analyses the main scientific statements for corruption assessment as a component of integral quality indicator of governance. Secondary data of corruption survey’s findings formed the information and empirical base of the research. The novelty of the study is in developing original author’s approach towards methodological aspects of comprehensive governance assessment. It was found that the national methodology is an alternative approach, characterizing the quality of governance in this sphere. The research revealed several drawbacks of the indicative methodology issued by the World Bank. The Methodology of the Russian Federation Government more appropriately reflects the corruption level and more accurately characterizes the governance quality in the sphere of fighting corruption in the regions of the Russian Federation.

"The lonely cows"

Focaal ◽  
2012 ◽  
Vol 2012 (62) ◽  
pp. 99-110 ◽  
Author(s):  
Ida Harboe Knudsen
Keyword(s):  
World Bank ◽  
Daily Life ◽  
Small Scale ◽  
Main Obstacle ◽  
The World Bank ◽  
The World ◽  
Further Development ◽  
The International Monetary Fund ◽  
The Eu ◽  
Do So

This article focuses on small-scale farming in Lithuania in light of the country's European Union (EU) entrance in 2004. Although the EU, together with the World Bank and the International Monetary Fund, had encouraged a rapid privatization of the former collective farms, the result was not an economically viable farming sector, but a multitude of unspecialized farms run by ageing farmers with but a single cow. These farmers are now viewed as the main obstacle to further development and are encouraged to retire. However, the farmers have proven reluctant to do so. Looking at different attempts to reduce the number of small farms, the article analyzes how the outcomes of the EU programs often are quite different from what was originally intended. Such processes are coined as EUropeanization: a term that embraces how the EU is interpreted and implemented in daily life by the farmers.

Quality Assessment of Transit Potential of the Transport–Logistics System of Ukraine

2020 ◽  
pp. 097215092090700
Author(s):  
Volodymyr Kolodiichuk ◽  
Heorhii Cherevko ◽  
Roman Popivniak
Keyword(s):  
World Bank ◽  
Transport Infrastructure ◽  
Qualitative Assessment ◽  
Logistics System ◽  
The World Bank ◽  
Global Transport ◽  
The World ◽  
Logistics Performance Index ◽  
Transport Logistics

In the article the place of Ukraine is determined in a global transport system and attention is accented on disparity between the potential possibilities of the transport and logistics system and the real parameters of international transit through the territory of Ukraine. It is proved that a qualitative assessment of the transport and logistics system, for its adaptation to the world requirements, needs to be carried out according to the internationally recognized methods, in particular, the Logistics Performance Index ( LPI) developed and implemented by the World Bank. The method takes into account the assessment of six indicators: “Customs”; Infrastructure; “International shipments”; “Logistics competence”; “Tracking & tracing”; “Timeliness”. The most developed components of the Ukrainian logistics system are the possibility of laying routes and tracking of goods, and, accordingly, timeliness of their deliveries, and the least developed - the quality of trade and transport infrastructure. The outlined problems of logistics in Ukraine and the explored causes of their occurrence allowed to structure the directions of improvement of all components of LPI, which will help to increase the transit potential of the country’s transport and logistics system.

Excerpts from Joseph Stiglitz's Speech to the World Bank, April 1999

2000 ◽  
Vol 30 (2) ◽  
pp. 253-256 ◽  
Author(s):  
Abby Scher ◽  
Phineas Baxandall ◽  
Jean McMahon
Keyword(s):  
Quality Of Life ◽  
Life Expectancy ◽  
World Bank ◽  
Neoliberal Reform ◽  
The World Bank ◽  
The People ◽  
The World ◽  
Neoliberal Policies ◽  
The International Monetary Fund

The Journal has published several articles critical of the World Bank and the International Monetary Fund. These articles have shown the damage caused by the neoliberal policies advocated by these agencies to the health and quality of life of the people in countries where such policies are carried out. Published here are excerpts of a speech given by Joseph Stiglitz, senior economist of the World Bank, in which he finally recognizes the damage these policies have caused in Russia, where life expectancy has fallen quite dramatically during the years of neoliberal reform. The question triggered by his speech is why the World Bank continues its neoliberal policies.

scholarly journals Agency costs and credit availability: an international study

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mejda Bahlous-Boldi
Keyword(s):  
Stock Market ◽  
World Bank ◽  
Agency Costs ◽  
Minority Rights ◽  
Judicial System ◽  
Content Type ◽  
Rights Protection ◽  
The World Bank ◽  
The World

PurposeThis paper aims to investigate the link between agency costs mitigation via three levels of rights protection (minority rights protection, enforcing contracts, resolving insolvency issues) provides the propitious climate for financing investment opportunities around the world.Design/methodology/approachWe use Bartlett’s three-group method to stratify countries based on how well they protect investors as measured by the scores provided in the Doing Business dataset developed by the world bank for 189 countries. We then test a variety of independent hypotheses that the alleviation of agency costs via three levels of protection (minority investors’ rights, contract enforcement, resolving insolvency issues) is associated with better access to credit via the banking system, better valuation of listed firms via the stock market and higher investment and growth.FindingsOur findings support Agency Theory which explains why the absence of legal protection of external investors leads to stock markets and financial institutions failing to fulfill their role of financing the economy.Practical implicationsThe policy implication from this study indicates that countries ought to (1) develop legislation that protects investors’ rights, (2) improve the quality of their judicial system in terms of enforcing the legislation and (3) build the framework for resolving disputes during insolvency as these are important ingredients for a developed financial system.Originality/valueWe use the World bank dataset and a new methodology to quantify the significance of the relationship between minority rights protection, ineffective enforcement, lack of bankruptcy laws and access to firm financing via the banking sector and the stock market. It provides new evidence that the quality of the judicial system in a country matter for firms’ ability to raise financing and enhance value creation.

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