Risk Management at the Enterprise Sector Level and Development in Developing Countries
Journal Title: Journal of Empirical Economics - Year 2015, Vol 4, Issue 2
Abstract
This study investigates the effect of risk management at the enterprise level on economic development in developing countries. Based on a sample of sixty-one developing economies we find that selected indicators related to risk management at the enterprise sector level do linearly influence economic development in these countries. Regression results show that three-quarters of cross-developing country variations in purchasing power parity per capita gross national income can be explained by its linear dependency on the share of wage employment in total employment, goods market efficiency, the share of pension contributors in the labor force, and the share of formal production in the economy. Results of such empirical examination may enable governments in developing countries devise risk management strategies at the enterprise sector level that may serve as powerful tools for economic development.
Authors and Affiliations
Minh Quang Dao
Keywords
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