The Investment Climate And The Firm

Author : Mary Hallward-Driemeier,Scott J. Wallsten,Lixin Colin Xu
Publisher : World Bank Publications
Page : 56 pages
File Size : 44,6 Mb
Release : 2003
Category : Business enterprises
ISBN : 8210379456XXX

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The Investment Climate and the Firm by Mary Hallward-Driemeier,Scott J. Wallsten,Lixin Colin Xu Pdf

The importance of a country's "investment climate" for economic growth has recently received much attention. Hallward-Driemeier, Wallsten, and Xu address the general lack of appropriate data for measuring the investment climate and its effects. The authors use a new survey of 1,500 Chinese enterprises in five cities to more precisely define and measure components of the investment climate, highlight the importance of firm-level data for rigorous analysis of the investment climate, and investigate empirically the effects of this comprehensive set of measures on firm performance in China. Overall, their firm-level analysis reveals that the main determinants of firm performance in China are international integration, entry and exit, labor market issues, technology use, and access to external finance. This paper--a product of Investment Climate, Development Research Group--is part of a larger effort in the group to understand the investment climate using firm-level datasets.

Author : Geeta Batra,Daniel Kaufmann,Andrew H. W. Stone
Publisher : World Bank Publications
Page : 180 pages
File Size : 46,8 Mb
Release : 2003
Category : Globalization
ISBN : 082135390X

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Investment climate around the world by Geeta Batra,Daniel Kaufmann,Andrew H. W. Stone Pdf

"The analysis of firm-level data collected through parallel international enterprise surveys can reveal important linkages between governance constraints and business growth and investment. The World Business Environment Survey (WBES), an initiative led by the World Bank Group in 1999 and 2000, collected enterprise data from more than 10,000 firms in 80 countries and one territory. Econometric analysis of responses to that survey points to a strong association between corruption, financing, regulatory and tax constraints, policy uncertainty, and protection of intellectual property rights with firm-level performance, as measured by sales and investment growth and participation in the formal economy." --Résumé de l'éditeur.

Author : Geeta Batra,Daniel Kaufmann,Andrew W. H. Stone
Publisher : Unknown
Page : 0 pages
File Size : 47,6 Mb
Release : 2003
Category : Electronic
ISBN : OCLC:1293435967

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Investment Climate Around the World by Geeta Batra,Daniel Kaufmann,Andrew W. H. Stone Pdf

Author : David Dollar,Mary Hallward-Driemeier,Taye Mengistae
Publisher : World Bank Publications
Page : 35 pages
File Size : 52,6 Mb
Release : 2004
Category : Infrastructure (Economics)
ISBN : 9782004072818

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Investment Climate and International Integration by David Dollar,Mary Hallward-Driemeier,Taye Mengistae Pdf

Author : Giuseppe Iarossi,Peter Mousley,Ismail Radwan
Publisher : World Bank Publications
Page : 146 pages
File Size : 50,6 Mb
Release : 2009
Category : Business & Economics
ISBN : 9780821378113

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An Assessment of the Investment Climate in Nigeria by Giuseppe Iarossi,Peter Mousley,Ismail Radwan Pdf

This book sheds light on some of the most important policy issues required to put Nigeria on a higher growth path. It highlights the challenges that Nigeria's businesses face today and what government can do to overcome such obstacles.

Author : World Bank World Bank
Publisher : World Bank Publications
Page : 250 pages
File Size : 52,9 Mb
Release : 2015-11-02
Category : Business & Economics
ISBN : 9781464806292

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Investment Climate Reforms by World Bank World Bank Pdf

Private firms are at the forefront of the development process, providing more than 90 percent of jobs, supplying goods and services, and representing a significant source of tax revenues. Their ability to grow, create jobs, and reduce poverty depends critically on a well-functioning investment climate--defined as the policy, legal, and institutional arrangements underpinning the functioning of markets and the level of transaction costs and risks associated with starting, operating, and closing a business. The World Bank Group has provided extensive support to investment climate reforms. This evaluation by the Independent Evaluation Group (IEG) assesses the relevance, effectiveness, and social value of World Bank Group support to investment climate reforms as it relates to concerns for inclusion and shared prosperity. IEG finds that the World Bank Group has supported a comprehensive menu of investment climate reforms and has improved investment climate in countries, as measured by number of laws enacted, streamlining of processes and time, or simple cost savings for private firms. However, the impact on investment, jobs, business formation, and growth is not straightforward. Regulatory reforms need to be designed and implemented with both economic and social costs and benefits in mind; IEG found that, in practice, World Bank Group support focuses predominantly on reducing costs to businesses. In supporting investment climate reforms, the World Bank and the International Finance Corporation use two distinct but complementary business models. Despite the fact that investment climate is the most integrated business unit in the World Bank Group, coordination is mostly informal, relying mainly on personal contacts. IEG recommends that the World Bank Group expand its range of diagnostic tools and integrate them in the areas of the business environment not yet covered by existing tools; develop an approach to identify the social effects of regulatory reforms on all groups expected to be affected by them beyond the business community; and exploit synergies by ensuring that World Bank and IFC staff improve their understanding of each other's work and business models.

Author : Sunita Kikeri,Thomas John Kenyon,Vincent Palmade
Publisher : World Bank Publications
Page : 125 pages
File Size : 43,7 Mb
Release : 2006-01-01
Category : Political Science
ISBN : 9780821368381

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Reforming the Investment Climate by Sunita Kikeri,Thomas John Kenyon,Vincent Palmade Pdf

This paper analyzes the administrative, political and technical challenges involved in passing and implementing investment climate reforms in developing countries. Drawing on more than 25 case studies, the authors emphasize the role of international bench-marking in triggering reform, the importance of pilot projects for policy learning and experimentation and the need to treat implementation and monitoring as an integral part of the reform process and not merely as an afterthought

Author : Pablo Fajnzylber,Jose Luis Guasch,J. Humberto Lopez
Publisher : World Bank Publications
Page : 344 pages
File Size : 49,5 Mb
Release : 2008-11-12
Category : Business & Economics
ISBN : 0821374125

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Does the Investment Climate Matter? by Pablo Fajnzylber,Jose Luis Guasch,J. Humberto Lopez Pdf

Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic stability with an increased emphasis on microeconomic reforms. By providing empirical evidence linking actual firm performance to shortcomings in Latin America's investment climate, the book discusses policies that could have a significant impact on firm productivity by improving the environment in which firms invest and operate.

Author : Alvaro Escribano,J. Luis Guasch
Publisher : World Bank Publications
Page : 107 pages
File Size : 53,8 Mb
Release : 2005
Category : Industrial productivity
ISBN : 8210379456XXX

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Assessing the Impact of the Investment Climate on Productivity Using Firm-level Data by Alvaro Escribano,J. Luis Guasch Pdf

Developing countries are increasingly concerned about improving country competitiveness and productivity as they face the increasing pressures of globalization and attempt to improve economic growth and reduce poverty. Among such countries, investment climate assessments (ICA) have become a standard instrument for identifying key obstacles to country competitiveness and imputing their impact on productivity, in order to prioritize policy reforms for enhancing competitiveness. Given the survey objectives and the nature and limitations of the data collected, the authors discuss the advantages and disadvantages of using different productivity measures based on data at the firm level. Their main objective is to develop a methodology to appropriately estimate, in a robust manner, the productivity impact of the investment climate variables. To illustrate the use of this methodology, the authors apply it to the data collected for ICAs in three countries-Guatemala, Honduras, and Nicaragua. Observations in logarithms (logs) of the variables, and not in rates of growth, are pooled from all three countries. The econometric analysis is done with variables in logs to reduce the impact of measurement errors and allow inclusion of as many observations as possible since the "panel" data set is very unbalanced. The authors address the endogeneity of the production function inputs and of the investment climate variables by using a variant of the control function approach based on individual firm information, and by aggregating investment climate variables by industry and region. The authors show that it is possible to get robust results for 10 different productivity measures, if one follows a consistent econometric methodology of specification and estimation. For policy analysis, they recommend using those results of investment climate variables on productivity that are robust for most of the productivity measures. The also analyze efficiency aspects of firms in each country. Finally, they decompose the results to obtain country-specific impacts and establish corresponding priorities for policy reform. The actual estimates for the three countries show the level of significance of the impact of investment climate variables on productivity. Variables in several categories, red tape and infrastructure in particular, appear to account for over 30 percent of productivity. The policy implications are clear: investment climate matters enormously and the relative impact of the various investment climate variables indicates where reform efforts should be directed. Given the robustness of the results, the authors argue that the econometric methodology of productivity analysis developed here ought to be used as a benchmark to assess productivity effects for other ICAs or surveys with firm-level data of similar characteristics.

Author : World Bank
Publisher : World Bank Publications
Page : 293 pages
File Size : 49,5 Mb
Release : 2004
Category : Economic development
ISBN : 9780821356821

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World Development Report 2005 by World Bank Pdf

Firms and entrepreneurs of all types-from microenterprises to multinationals-play a central role in growth and poverty reduction. Their investment decisions drive job creation, the availability and affordability of goods and services for consumers, and the tax revenues governments can draw on to fund health, education, and other services. Their contribution depends largely on the way governments shape the investment climate in each location-through the protection of property rights, regulation and taxation, strategies for providing infrastructure, interventions in finance and labor markets, and broader governance features such as corruption. The World Development Report 2005 argues that improving the investment climates of their societies should be a top priority for governments. Drawing on surveys of nearly 30,000 firms in 53 developing countries, country case studies, and other new research, the Report explores questions such as: What are the key features of a good investment climate, and how do they influence growth and poverty? What can governments do to improve their investment climates, and how can they go about tackling such a broad agenda? What has been learned about good practice in each of the main areas of the investment climate? What role might selective interventions and international arrangements play in improving the investment climate? What can the international community do to help developing countries improve the investment climates of their societies? In addition to detailed chapters exploring these and related issues, the Report contains selected data from the World Bank's new program of Investment Climate Surveys, the Bank's Doing Business Project, and World Development Indicators 2004-an appendix of economic and social data for over 200 countries. This Report offers practical insights for policymakers, executives, scholars, and all those with an interest in economic development.

Author : Gabi G. Afram,Angelica Salvi Del Pero
Publisher : World Bank Publications
Page : 273 pages
File Size : 55,5 Mb
Release : 2012-04-04
Category : Business & Economics
ISBN : 9780821394663

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Nepal's Investment Climate by Gabi G. Afram,Angelica Salvi Del Pero Pdf

This book assesses dimensions of the investment climate in Nepal that shape opportunities for investments, employment, and growth of private firms. It includes data and analysis from five surveys on challenges to the investment climate, and provides policy recommendations to address these challenges.

Author : Geeta Batra,Daniel Kaufmann,Andrew H. W. Stone
Publisher : World Bank Publications
Page : 180 pages
File Size : 53,9 Mb
Release : 2003
Category : Business & Economics
ISBN : UCSD:31822033138231

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Investment Climate Around the World by Geeta Batra,Daniel Kaufmann,Andrew H. W. Stone Pdf

The World Business Environment Survey (WBES) was launched in 1998 to evaluate the investment climate by measuring the state of investment from 10,000 firms across 80 countries and one territory. Areas such as the business and governance environment, the quality of public service and enterprise performance are compared. The publication also includes the original questionnaire from which the survey findings are compiled. A CD-ROM provides the complete WBES core database.

Author : Anonim
Publisher : Unknown
Page : 352 pages
File Size : 53,7 Mb
Release : 1985
Category : Electronic
ISBN : IND:30000104110576

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Investment climate in foreign countries by Anonim Pdf

Author : Vijaya Ramachandran,George Clarke,David E. Kaplan,James Habyarimana,Mike Ingram
Publisher : World Bank Publications
Page : 161 pages
File Size : 48,5 Mb
Release : 2007-05-10
Category : Business & Economics
ISBN : 9780821368992

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An Assessment of the Investment Climate in South Africa by Vijaya Ramachandran,George Clarke,David E. Kaplan,James Habyarimana,Mike Ingram Pdf

Most aspects of South Africa's investment climate the location-specific factors that shape opportunities and incentives for firms to invest productively, create jobs, and grow are favorable. The majority of large, registered firms believe that the legal system is able to protect their property rights. Infrastructure is reliable. Tax rates are relatively low. The burden of regulation is comparable to other middle-income countrries. Few firms pay bribes. And most firms have adequate access to credit. In many dimensions, South Africa has a good investment climate. Consistent with this, large South African firms are very productive. Labor productivity is far higher than in the most productive low-income countries in Sub-Saharan Africa and compares favorably with other middle-income countries such as Brazil, Lithuania, Malaysia, and Poland. And although labor productivity in South Africa is slightly lower than in the most productive cities in China, it is over three times higher than in China as a whole. So, why hasn't South Africa been growing faster? As this title explores, while the investment climate is generally favorable, some problems remain. Firms appear to be particularly concerned about four areas: difficulty hiring skilled and educated workers, rigid labor regulations, exchange rate instability, and crime. Using rigorous statistical information on these and related topics, the book aims to assist policy makers and private sector stakeholders in developing reforms that will improve firm performance and growth.

Author : Laura Gómez-Mera,Thomas Kenyon,Yotam Margalit,José Guilherme Reis,Gonzalo Varela
Publisher : World Bank Publications
Page : 112 pages
File Size : 40,6 Mb
Release : 2014-12-03
Category : Business & Economics
ISBN : 9781464803727

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New Voices in Investment by Laura Gómez-Mera,Thomas Kenyon,Yotam Margalit,José Guilherme Reis,Gonzalo Varela Pdf

This study analyzes the characteristics, motivations, strategies, and needs of FDI from emerging markets. It draws from a survey of investors and potential investors in Brazil, India, South Korea, and South Africa.