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Business and Economics > Information Management

You are looking at 1 - 10 of 10 items for :

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Cover Selected Issues Papers
Public Procurement in South Africa: Issues and Reform Options
Mr. Alejandro Simone
and
Vybhavi Balasundharam
The 2015 Supply Chain Management Review lays out a sound agenda for procurement reform. The ongoing work on a new procurement bill and regulations are an important opportunity to spearhead procurement reform and step-up implementation. Several important reform aspects worth prioritizing are the simplification and standardization of aprocurement procedures, the standardization of transparency requirements through the adoption of the Open Contracting Data Standards, transitioning to a new e-procurement system that is linked to the government’s integrated financial management information system (IFMIS) and other systems, making preferential procurement more cost effective and goal oriented, and strengthening staff capacity to carry out procurement. Opportunities to centralize procurement should be further explored to leverage and develop limited capacity.
Keywords:
National Government Expenditure; Performance of Government; Public Goods; Public Procurement; Expenditure efficiency; procurement reform; reform option; e-procurement system; step-up implementation; procurement contract; Public sector; Integrated financial management information systems; Open data; Africa
Cover IMF Staff Country Reports
Solomon Islands: Selected Issues
International Monetary Fund. Asia and Pacific Dept
This Selected Issues paper on Solomon Island discusses big data and high frequency surveillance for Pacific Islands countries (PICs). Big data can be used to fill data gaps for PICs and the IMF can serve as a capacity-building and innovation hub. The estimators computed based on AIS data have been used as part of the surveillance dashboard by the Solomon Islands team and have been discussed with the authorities. Initiatives like the Arslanalp, Koepke, and Verschuur estimation exploit cross-country synergies and technical expertise available at the IMF to provide valuable inputs for both internal and external use. Other potential applications of the Automatic Identification System (AIS) can expand on this effort, for example, some single-country applications are monitoring of fishing vessels to estimate fishing rents from daily vessel schemes, monitoring export-related ships to monitor for piracy/exports misreporting, track tourism in real time, etc. Given the global nature of the AIS data, it can also be used to analyze global supply chains, trade disruptions from natural disasters, the effect of trade policies, etc.
Keywords:
Honiara port activity; export volume; D. trade flow; import volume; Island port activity; Imports; Exports; Trade balance; COVID-19; Agroindustries; Global; Pacific Islands
Cover IMF Staff Country Reports
Peru: Technical Assistance Report-Consumer Price Index Mission
International Monetary Fund. Statistics Dept.
This technical assistance mission collaborated with the National Institute of Statistics and Informatics in Peru to incorporate big data methods into compilation of the consumer price index (CPI). This includes both prices ingested from the websites of large retailers and data recorded through in-store checkout scanners.
Keywords:
consumer price index mission; scanner data; staff team of the International Monetary Fund; World Bank staff; data provider; Consumer price indexes; Data collection; Data processing; Big data
Cover IMF Staff Country Reports
Republic of Latvia: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
term premium; premium in the Baltic; staff team of the International Monetary Fund; nominal NPLS; Latvia's lending rate; Loans; Credit; Big data; Nonperforming loans; Bank credit; Baltics
Cover IMF Research Bulletin
IMF Research Bulletin, Fall-Winter 2019
International Monetary Fund. Research Dept.
It has been two years since the trade tensions erupted and not only captured policymakers’ but also the research community’s attention. Research has quickly zoomed in on understanding trade war rhetoric, tariff implementation, and economic impacts. The first article in the December 2019 issue sheds light on the consequences of the recent trade barriers.
Keywords:
IRB; trade; debt measurement; exporter; policy session; firm; Mundell-Fleming Lecture; US-China trade tension; tariff factor; Exports; Tariffs; Infrastructure; Big data; Trade liberalization; Global; East Asia; North America; Sub-Saharan Africa; Europe; Africa; threshold ModelsHow; ship movement; TrajectoriesThe global financial crisis; Imports; Asia and Pacific
Cover Policy Papers
Overarching Strategy on Data and Statistics at the Fund in the Digital Age
International Monetary Fund. Strategy, Policy, &amp
and
Review Department
The first data and statistics strategy for the Fund comes at a critical time. A fast-changing data landscape, new data needs for evolving surveillance priorities, and persisting data weaknesses across the membership pose challenges and opportunities for the Fund and its members. The challenges emerging from the digital revolution include an unprecedented amount of new data and measurement questions on growth, productivity, inflation, and welfare. Newly available granular and high-frequency (big) data offer the potential for more timely detection of vulnerabilities. In the wake of the crisis, Fund surveillance requires greater cross-country data comparability; staff and authorities face the complexity of integrating new data sources and closing data gaps, while working to address the weaknesses noted by the IEO Report (Behind the Scenes with Data at the IMF) in 2016. The overarching strategy is to move toward an ecosystem of data and statistics that enables the Fund and its members to better meet the evolving data needs in a digital world. It integrates Fund-wide work streams on data provision to the Fund for surveillance purposes, international statistical standards, capacity development, and data management under a common institutional objective. It seeks seamless access and sharing of data within the Fund, enabling cloud-based data dissemination to support data provision by member countries (e.g., the “global data commons”), closing data gaps with new sources including Big Data, and improving assessments of data adequacy for surveillance to help better prioritize capacity development. The Fund also will work with policymakers to understand the implications of the digital economy and digital data for the macroeconomic statistics, including new measures of welfare beyond GDP.
Keywords:
PP; director; data landscape; consumer sentiment; Fund staff estimate; data commons; data weakness; big data experiment; Big data; Data dissemination; Special Data Dissemination Standard (SDDS); Global
Cover Staff Discussion Notes
Big Data: Potential, Challenges and Statistical Implications
Cornelia Hammer
,
Ms. Diane C Kostroch
, and
Mr. Gabriel Quiros-Romero
Big data are part of a paradigm shift that is significantly transforming statistical agencies, processes, and data analysis. While administrative and satellite data are already well established, the statistical community is now experimenting with structured and unstructured human-sourced, process-mediated, and machine-generated big data. The proposed SDN sets out a typology of big data for statistics and highlights that opportunities to exploit big data for official statistics will vary across countries and statistical domains. To illustrate the former, examples from a diverse set of countries are presented. To provide a balanced assessment on big data, the proposed SDN also discusses the key challenges that come with proprietary data from the private sector with regard to accessibility, representativeness, and sustainability. It concludes by discussing the implications for the statistical community going forward.
Keywords:
SDN; big data data source; strategy action plan; innovation challenge; big data application; big data classification; big data project; IMF big data; private sector; project inventory; Big Data; Macroeconomic and Financial Statistics; Official Statistics; Data Quality; Surveillance; statistics big data strategy action plan; big data data analysis; big data network; big data revolution; big data use; Social networks; Financial statistics; Global
Cover IMF Working Papers
Productivity Growth, Technological Convergence, RandD, Trade, and Labor Markets: Evidence From the French Manufacturing Sector
Tehmina S. Khan
Total factor productivity (TFP) of 14 manufacturing sectors in France has kept up with that of the United States during 1980-2002 and remained well above that of the United Kingdom. Estimates using a dynamic panel equilibrium correction model indicate that sectors further behind the technological frontier experience faster productivity growth and that spending on research and development and trade with technologically advanced economies positively influences TFP growth, but not the speed of convergence. Conversely, TFP growth is negatively related to some key labor market variables, namely the replacement ratio and the ratio of the minimum wage to the median wage.
Keywords:
WP; replacement ratio; capital stock; Economic growth; Total factor productivity (TFP); Research and Development (R&D); Labor market institutions; Trade; Technological convergence; TFP level; TFP estimate; TFP easgrowth; TFP relative; TFP growth in the United States; Total factor productivity; Productivity; Labor markets; Technology transfer; Capacity utilization; Europe
Cover IMF Working Papers
Technology Diffusion, Services, and Endogenous Growth in Europe. is the Lisbon Strategy Useful?
International Monetary Fund
We explore the role of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the United States. Policy simulations illustrate the benefits for EU growth of the deepening of the single market, the reduction of regulatory barriers, and the accumulation of technology and human capital. Our results support the basic insights of the Lisbon Agenda. Economic growth in Europe is enhanced to the extent that: trade in services increases, technology accumulation and diffusion increase, regulation becomes both less intensive and more uniform across countries, and human capital accumulation increases in all countries.
Keywords:
WP; rate of growth; service sector; product market; Economic integration; manufacturing and services; technology diffusion; technology accumulation; EU output growth; EU product market regulation; estimation result; EU integration; Human capital; Technology transfer; Trade in services; Information technology in revenue administration; Europe
Cover IMF Working Papers
Improving the Management of a Central Bank: A Case Study
Mr. John Mendzela
This paper examines how major efficiency gains and improved effectiveness were simultaneously achieved at the Reserve Bank of New Zealand over a five-year period. It identifies the business management concepts that were used to transform the organization, outlines how they were applied, and evaluates the benefits obtained. The paper concludes that substantial real efficiency gains were achieved, while effectiveness was maintained or enhanced. Looking more widely, the business management concepts used to achieve these benefits could be applied to other central banks.
Keywords:
WP; efficiency gain; RBNZ staff; senior management; The RBNZ culture; property manager; resource base; RBNZ culture; RBNZ organization chart; RBNZ goal; internal audit group; RBNZ change; price stability objective; staff number; career staff; Budget planning and preparation; Information and data management; Performance audit; Employment