Productivity and the InvestmentClimate: What Matters Most?

Bastos, Fabiano ; Nasir, John

World Bank, Washington, D.C.

关键词: BARRIERS TO ENTRY;    BRIBERY;    BUREAUCRACY;    BUSINESS CLIMATE;    BUSINESS ENVIRONMENT;   

DOI  :  10.1596/1813-9450-3335
RP-ID  :  WPS3335

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The authors explore the links betweenthe investment climate and firm-level productivity andattempt to identify which dimensions of the investmentclimate matter most for productivity. Their analysis isbased on data collected in a recent investment climatesurvey of garment and food processing firms in fivecountries in Eastern Europe and Central Asia. The authorsuse the first principal components of a series of indicatorsto summarize broad aspects of the investment climate andidentify those most important in determining productivity.Their results indicate that competitive pressure is the mostcritical factor in the investment climate, accounting formore variation in firm-level productivity thaninfrastructure provision or issues related to governmentrent seeking and bureaucratic burden. This suggests that toimprove productivity, increase output, and reduce poverty,policymakers should focus reform efforts on removingbarriers to entry and creating open, highly competitive markets.