Untapped regional integration potential: A global frontier analysis

Naeher, Dominik; Narayanan, Raghavan

doi:10.1080/09638199.2020.1722204

Cited by 12 publications

(7 citation statements)

References 24 publications

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“…In contrast, we focus on efficiency in the financing of public spending through domestic revenue mobilization. Other topics in economics which have been studied by applying DEA include agricultural productivity (Latruffe et al 2004), efficiency in schools (Ray 1991;Bogetić and Chattopadyay 1995), national transportation and commerce (Rashidi and Cullinane 2019;Wang et al 2020), and regional economic integration (Naeher, 2015;Naeher and Narayanan, 2020). In a recent study on private capital mobilization, Naeher and Narayanan (2021) perform a similar analysis as presented here but focusing on countries' ability to attract (foreign) private capital flows such as foreign direct investment and portfolio equity investment.…”

Section: Related Literaturementioning

confidence: 98%

Measuring Untapped Revenue Potential in Developing Countries: Cross-Country Frontier and Panel Data Analysis

Bogetić¹,

Naeher²,

Narayanan³

2021

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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Section: Related Literaturementioning

confidence: 98%

Measuring Untapped Revenue Potential in Developing Countries: Cross-Country Frontier and Panel Data Analysis

Bogetić¹,

Naeher²,

Narayanan³

2021

Policy Research Working Papers

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“…In the pragmatic interpretation, the signing of formal trade agreements attracts firms because, even if they have links with companies in other countries, they need their governments to establish an institutional framework and cooperate in its supervision (Novak & Nahimas, 2015; Perry & Auvert, 2016). The signing of a formal agreement that develops similar or equivalent regional rules gives business confidence on the prospects of trade and investment, especially when these rules, besides eliminating tariffs, diminish entry barriers for companies by simplifying taxation issues or abolishing limits to financing (Creutzfeldt, 2018; Naher & Narayanan, 2020, p. 729). For governments, these agreements help diminish corruption or numbers of public employees and may increase tax collection.…”

Section: Introductionmentioning

confidence: 99%

The private sector's role in and contribution to the Pacific Alliance, 2012–2021

Giacalone

2023

Latin American Policy

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The Pacific Alliance deviates from other Latin American integration agreements due to its close association between governments and the private sector. Analysts have assessed the agreement as a pragmatic experience of regional integration to facilitate the free movement of production factors, a "tail moves dog" project, or an example of deep integration to diffuse liberal normative principles. This article analyzes the Pacific Alliance Business Council discourse to identify how the private sector perceives its role in the agreement and expresses it in the group's external negotiations, for example, Pacific Alliance-Mercosur, before contrasting its selfdefined role with those assumed by interpretations in the literature. We argue that the private sector sees its role as multifaceted, and this self-perception escapes the limits of normative deep integration notions, allowing business to adapt to changes in internal and external factors. Business self-perception contributes to enhance Pacific Alliance pragmatism and the application of an inductive micro-negotiation methodology, but transversality may also influence the Business Council to support normative issues.

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“…Second, we add to the growing number of empirical studies in macroeconomics applying non-parametric frontier analysis. Existing studies in this literature focus on estimating efficiency of public spending (Gupta and Verhoeven 2001;Clements 2002;Afonso et al 2005;Herrera and Pang 2005), national transportation and commerce systems (Rashidi and Cullinane 2019;Wang et al 2020), regional economic integration (Naeher 2015;Naeher and Narayanan 2020), domestic revenues (Bogetić et al 2021), and energy efficiency (Li et al 2021).…”

Section: Introductionmentioning

confidence: 99%

Attracting private capital for development: Are poorer countries less efficient?

Naeher

Narayanan

2022

Int Econ Econ Policy

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According to common measures of private capital mobilization, such as the shares of foreign direct and portfolio investment in GDP, many low-income countries perform poorly in attracting private capital flows. However, these indicators do not account for differences in economic characteristics across countries, and thus cannot provide insights on countries’ performance relative to their potential levels of private capital flows as determined by their domestic economic structure and constraints. This paper addresses this gap by using nonparametric data envelopment analysis (DEA) to empirically calculate the efficient frontier for private capital mobilization as a function of countries’ domestic enabling environment, and then assess each country’s performance relative to that of other countries featuring similar domestic conditions. Our results reveal that many low-income countries, particularly in Africa and South Asia, which do not rank high according to achieved levels of private capital flows, are in fact performing on or very close to the efficient frontier. This indicates that these countries are good performers given the limited resources available to them. Tracking the performance of countries and regions over time, we furthermore find that sub-Saharan Africa experienced the strongest increases in DEA efficiency scores between 2007 and 2018, indicating that various countries in this region were catching up with the frontier.

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Untapped regional integration potential: A global frontier analysis

Cited by 12 publications

References 24 publications

Measuring Untapped Revenue Potential in Developing Countries: Cross-Country Frontier and Panel Data Analysis

Measuring Untapped Revenue Potential in Developing Countries: Cross-Country Frontier and Panel Data Analysis

The private sector's role in and contribution to the Pacific Alliance, 2012–2021

Attracting private capital for development: Are poorer countries less efficient?

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