The Investment Climate and the Firm : Firm-Level Evidence from China

The importance of a country's "investment climate" for economic growth has recently received much attention. The authors 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.

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Bibliographic Details
Main Authors: Wallsten, Scott, Hallward-Driemeier, Mary, Xu, Lixin Colin
Language:English
en_US
Published: World Bank, Washington, DC 2003-03
Subjects:ACCESS TO INFORMATION, BANK LOANS, BARRIERS TO ENTRY, CAPITAL EQUIPMENT, CAPITAL USE, CITIES, COLLABORATION, COMMUNICATION TECHNOLOGY, COMPETITIVENESS, CONSUMERS, DECENTRALIZATION, DOMESTIC FIRMS, DOMESTIC INVESTORS, DOMESTIC MARKET, ECONOMIC CONDITIONS, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, EMPIRICAL ANALYSIS, EMPIRICAL RESEARCH, EMPLOYMENT, EMPLOYMENT GROWTH, ENVIRONMENTAL PROBLEMS, EXCHANGE RATE, EXCHANGE RATE POLICIES, EXPORT MARKETS, EXPORTS, FINANCIAL MARKETS, FOREIGN FIRMS, FOREIGN INVESTORS, FOREIGN OWNERSHIP, GLOBAL ECONOMY, GROWTH POTENTIAL, GROWTH RATES, IMPORT COMPETITION, IMPORTS, INCOME, INNOVATION, INTEGRATED MARKETS, INVESTMENT CLIMATE, INVESTMENT CLIMATES, INVESTMENT LEVELS, INVESTMENT RATE, INVESTMENT RATES, ITC, LABOR MARKET, LARGE SHAREHOLDERS, LEGAL SYSTEMS, LIBERAL POLICIES, LOCAL FIRMS, MACROECONOMIC POLICIES, MANAGERS, MARKET FAILURES, MARKET POWER, MARKET SHARE, NATIONAL LAWS, NATURAL ENDOWMENTS, PER CAPITA INCOME, PER CAPITA INCOMES, PHONES, POLICY MAKERS, POSITIVE EFFECTS, PRIVATE INVESTMENT, PRIVATE SECTOR, PRODUCERS, PRODUCTION FUNCTION, PRODUCTIVITY, PROTECTIONISM, REGIONAL DIFFERENCES, REGIONAL LEVEL, REGRESSION ANALYSIS, REGULATORY AGENCIES, REGULATORY ISSUES, SCALE ECONOMIES, SIDE PAYMENTS, TAX RATES, TAXATION, TELEPHONES, TOTAL FACTOR PRODUCTIVITY, TRANSITION COUNTRIES, TRANSITION ECONOMIES, WORKERS, WORKING CONDITIONS BUSINESS ENVIRONMENT, INVESTMENT ENVIRONMENT, INTERNATIONAL INTEGRATION, ACCESS TO CREDIT, EXTERNAL FINANCE, REGULATORY FRAMEWORK, ADMINISTRATIVE CONSTRAINTS,
Online Access:http://documents.worldbank.org/curated/en/2003/03/2183612/investment-climate-firm-firm-level-evidence-china
https://hdl.handle.net/10986/18280
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spelling dig-okr-10986182802024-08-08T17:47:31Z The Investment Climate and the Firm : Firm-Level Evidence from China Wallsten, Scott Hallward-Driemeier, Mary Xu, Lixin Colin ACCESS TO INFORMATION BANK LOANS BARRIERS TO ENTRY CAPITAL EQUIPMENT CAPITAL USE CITIES COLLABORATION COMMUNICATION TECHNOLOGY COMPETITIVENESS CONSUMERS DECENTRALIZATION DOMESTIC FIRMS DOMESTIC INVESTORS DOMESTIC MARKET ECONOMIC CONDITIONS ECONOMIC GROWTH ECONOMIC PERFORMANCE EMPIRICAL ANALYSIS EMPIRICAL RESEARCH EMPLOYMENT EMPLOYMENT GROWTH ENVIRONMENTAL PROBLEMS EXCHANGE RATE EXCHANGE RATE POLICIES EXPORT MARKETS EXPORTS FINANCIAL MARKETS FOREIGN FIRMS FOREIGN INVESTORS FOREIGN OWNERSHIP GLOBAL ECONOMY GROWTH POTENTIAL GROWTH RATES IMPORT COMPETITION IMPORTS INCOME INNOVATION INTEGRATED MARKETS INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT LEVELS INVESTMENT RATE INVESTMENT RATES ITC LABOR MARKET LARGE SHAREHOLDERS LEGAL SYSTEMS LIBERAL POLICIES LOCAL FIRMS MACROECONOMIC POLICIES MANAGERS MARKET FAILURES MARKET POWER MARKET SHARE NATIONAL LAWS NATURAL ENDOWMENTS PER CAPITA INCOME PER CAPITA INCOMES PHONES POLICY MAKERS POSITIVE EFFECTS PRIVATE INVESTMENT PRIVATE SECTOR PRODUCERS PRODUCTION FUNCTION PRODUCTIVITY PROTECTIONISM REGIONAL DIFFERENCES REGIONAL LEVEL REGRESSION ANALYSIS REGULATORY AGENCIES REGULATORY ISSUES SCALE ECONOMIES SIDE PAYMENTS TAX RATES TAXATION TELEPHONES TOTAL FACTOR PRODUCTIVITY TRANSITION COUNTRIES TRANSITION ECONOMIES WORKERS WORKING CONDITIONS BUSINESS ENVIRONMENT INVESTMENT ENVIRONMENT INTERNATIONAL INTEGRATION LABOR MARKET ACCESS TO CREDIT EXTERNAL FINANCE REGULATORY FRAMEWORK ADMINISTRATIVE CONSTRAINTS FOREIGN OWNERSHIP The importance of a country's "investment climate" for economic growth has recently received much attention. The authors 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. 2014-05-13T20:05:04Z 2014-05-13T20:05:04Z 2003-03 http://documents.worldbank.org/curated/en/2003/03/2183612/investment-climate-firm-firm-level-evidence-china https://hdl.handle.net/10986/18280 English en_US Policy, Research working paper series;no. WPS 3003 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ application/pdf text/plain World Bank, Washington, DC
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
en_US
topic ACCESS TO INFORMATION
BANK LOANS
BARRIERS TO ENTRY
CAPITAL EQUIPMENT
CAPITAL USE
CITIES
COLLABORATION
COMMUNICATION TECHNOLOGY
COMPETITIVENESS
CONSUMERS
DECENTRALIZATION
DOMESTIC FIRMS
DOMESTIC INVESTORS
DOMESTIC MARKET
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EMPIRICAL ANALYSIS
EMPIRICAL RESEARCH
EMPLOYMENT
EMPLOYMENT GROWTH
ENVIRONMENTAL PROBLEMS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXPORT MARKETS
EXPORTS
FINANCIAL MARKETS
FOREIGN FIRMS
FOREIGN INVESTORS
FOREIGN OWNERSHIP
GLOBAL ECONOMY
GROWTH POTENTIAL
GROWTH RATES
IMPORT COMPETITION
IMPORTS
INCOME
INNOVATION
INTEGRATED MARKETS
INVESTMENT CLIMATE
INVESTMENT CLIMATES
INVESTMENT LEVELS
INVESTMENT RATE
INVESTMENT RATES
ITC
LABOR MARKET
LARGE SHAREHOLDERS
LEGAL SYSTEMS
LIBERAL POLICIES
LOCAL FIRMS
MACROECONOMIC POLICIES
MANAGERS
MARKET FAILURES
MARKET POWER
MARKET SHARE
NATIONAL LAWS
NATURAL ENDOWMENTS
PER CAPITA INCOME
PER CAPITA INCOMES
PHONES
POLICY MAKERS
POSITIVE EFFECTS
PRIVATE INVESTMENT
PRIVATE SECTOR
PRODUCERS
PRODUCTION FUNCTION
PRODUCTIVITY
PROTECTIONISM
REGIONAL DIFFERENCES
REGIONAL LEVEL
REGRESSION ANALYSIS
REGULATORY AGENCIES
REGULATORY ISSUES
SCALE ECONOMIES
SIDE PAYMENTS
TAX RATES
TAXATION
TELEPHONES
TOTAL FACTOR PRODUCTIVITY
TRANSITION COUNTRIES
TRANSITION ECONOMIES
WORKERS
WORKING CONDITIONS BUSINESS ENVIRONMENT
INVESTMENT ENVIRONMENT
INTERNATIONAL INTEGRATION
LABOR MARKET
ACCESS TO CREDIT
EXTERNAL FINANCE
REGULATORY FRAMEWORK
ADMINISTRATIVE CONSTRAINTS
FOREIGN OWNERSHIP
ACCESS TO INFORMATION
BANK LOANS
BARRIERS TO ENTRY
CAPITAL EQUIPMENT
CAPITAL USE
CITIES
COLLABORATION
COMMUNICATION TECHNOLOGY
COMPETITIVENESS
CONSUMERS
DECENTRALIZATION
DOMESTIC FIRMS
DOMESTIC INVESTORS
DOMESTIC MARKET
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EMPIRICAL ANALYSIS
EMPIRICAL RESEARCH
EMPLOYMENT
EMPLOYMENT GROWTH
ENVIRONMENTAL PROBLEMS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXPORT MARKETS
EXPORTS
FINANCIAL MARKETS
FOREIGN FIRMS
FOREIGN INVESTORS
FOREIGN OWNERSHIP
GLOBAL ECONOMY
GROWTH POTENTIAL
GROWTH RATES
IMPORT COMPETITION
IMPORTS
INCOME
INNOVATION
INTEGRATED MARKETS
INVESTMENT CLIMATE
INVESTMENT CLIMATES
INVESTMENT LEVELS
INVESTMENT RATE
INVESTMENT RATES
ITC
LABOR MARKET
LARGE SHAREHOLDERS
LEGAL SYSTEMS
LIBERAL POLICIES
LOCAL FIRMS
MACROECONOMIC POLICIES
MANAGERS
MARKET FAILURES
MARKET POWER
MARKET SHARE
NATIONAL LAWS
NATURAL ENDOWMENTS
PER CAPITA INCOME
PER CAPITA INCOMES
PHONES
POLICY MAKERS
POSITIVE EFFECTS
PRIVATE INVESTMENT
PRIVATE SECTOR
PRODUCERS
PRODUCTION FUNCTION
PRODUCTIVITY
PROTECTIONISM
REGIONAL DIFFERENCES
REGIONAL LEVEL
REGRESSION ANALYSIS
REGULATORY AGENCIES
REGULATORY ISSUES
SCALE ECONOMIES
SIDE PAYMENTS
TAX RATES
TAXATION
TELEPHONES
TOTAL FACTOR PRODUCTIVITY
TRANSITION COUNTRIES
TRANSITION ECONOMIES
WORKERS
WORKING CONDITIONS BUSINESS ENVIRONMENT
INVESTMENT ENVIRONMENT
INTERNATIONAL INTEGRATION
LABOR MARKET
ACCESS TO CREDIT
EXTERNAL FINANCE
REGULATORY FRAMEWORK
ADMINISTRATIVE CONSTRAINTS
FOREIGN OWNERSHIP
spellingShingle ACCESS TO INFORMATION
BANK LOANS
BARRIERS TO ENTRY
CAPITAL EQUIPMENT
CAPITAL USE
CITIES
COLLABORATION
COMMUNICATION TECHNOLOGY
COMPETITIVENESS
CONSUMERS
DECENTRALIZATION
DOMESTIC FIRMS
DOMESTIC INVESTORS
DOMESTIC MARKET
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EMPIRICAL ANALYSIS
EMPIRICAL RESEARCH
EMPLOYMENT
EMPLOYMENT GROWTH
ENVIRONMENTAL PROBLEMS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXPORT MARKETS
EXPORTS
FINANCIAL MARKETS
FOREIGN FIRMS
FOREIGN INVESTORS
FOREIGN OWNERSHIP
GLOBAL ECONOMY
GROWTH POTENTIAL
GROWTH RATES
IMPORT COMPETITION
IMPORTS
INCOME
INNOVATION
INTEGRATED MARKETS
INVESTMENT CLIMATE
INVESTMENT CLIMATES
INVESTMENT LEVELS
INVESTMENT RATE
INVESTMENT RATES
ITC
LABOR MARKET
LARGE SHAREHOLDERS
LEGAL SYSTEMS
LIBERAL POLICIES
LOCAL FIRMS
MACROECONOMIC POLICIES
MANAGERS
MARKET FAILURES
MARKET POWER
MARKET SHARE
NATIONAL LAWS
NATURAL ENDOWMENTS
PER CAPITA INCOME
PER CAPITA INCOMES
PHONES
POLICY MAKERS
POSITIVE EFFECTS
PRIVATE INVESTMENT
PRIVATE SECTOR
PRODUCERS
PRODUCTION FUNCTION
PRODUCTIVITY
PROTECTIONISM
REGIONAL DIFFERENCES
REGIONAL LEVEL
REGRESSION ANALYSIS
REGULATORY AGENCIES
REGULATORY ISSUES
SCALE ECONOMIES
SIDE PAYMENTS
TAX RATES
TAXATION
TELEPHONES
TOTAL FACTOR PRODUCTIVITY
TRANSITION COUNTRIES
TRANSITION ECONOMIES
WORKERS
WORKING CONDITIONS BUSINESS ENVIRONMENT
INVESTMENT ENVIRONMENT
INTERNATIONAL INTEGRATION
LABOR MARKET
ACCESS TO CREDIT
EXTERNAL FINANCE
REGULATORY FRAMEWORK
ADMINISTRATIVE CONSTRAINTS
FOREIGN OWNERSHIP
ACCESS TO INFORMATION
BANK LOANS
BARRIERS TO ENTRY
CAPITAL EQUIPMENT
CAPITAL USE
CITIES
COLLABORATION
COMMUNICATION TECHNOLOGY
COMPETITIVENESS
CONSUMERS
DECENTRALIZATION
DOMESTIC FIRMS
DOMESTIC INVESTORS
DOMESTIC MARKET
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EMPIRICAL ANALYSIS
EMPIRICAL RESEARCH
EMPLOYMENT
EMPLOYMENT GROWTH
ENVIRONMENTAL PROBLEMS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXPORT MARKETS
EXPORTS
FINANCIAL MARKETS
FOREIGN FIRMS
FOREIGN INVESTORS
FOREIGN OWNERSHIP
GLOBAL ECONOMY
GROWTH POTENTIAL
GROWTH RATES
IMPORT COMPETITION
IMPORTS
INCOME
INNOVATION
INTEGRATED MARKETS
INVESTMENT CLIMATE
INVESTMENT CLIMATES
INVESTMENT LEVELS
INVESTMENT RATE
INVESTMENT RATES
ITC
LABOR MARKET
LARGE SHAREHOLDERS
LEGAL SYSTEMS
LIBERAL POLICIES
LOCAL FIRMS
MACROECONOMIC POLICIES
MANAGERS
MARKET FAILURES
MARKET POWER
MARKET SHARE
NATIONAL LAWS
NATURAL ENDOWMENTS
PER CAPITA INCOME
PER CAPITA INCOMES
PHONES
POLICY MAKERS
POSITIVE EFFECTS
PRIVATE INVESTMENT
PRIVATE SECTOR
PRODUCERS
PRODUCTION FUNCTION
PRODUCTIVITY
PROTECTIONISM
REGIONAL DIFFERENCES
REGIONAL LEVEL
REGRESSION ANALYSIS
REGULATORY AGENCIES
REGULATORY ISSUES
SCALE ECONOMIES
SIDE PAYMENTS
TAX RATES
TAXATION
TELEPHONES
TOTAL FACTOR PRODUCTIVITY
TRANSITION COUNTRIES
TRANSITION ECONOMIES
WORKERS
WORKING CONDITIONS BUSINESS ENVIRONMENT
INVESTMENT ENVIRONMENT
INTERNATIONAL INTEGRATION
LABOR MARKET
ACCESS TO CREDIT
EXTERNAL FINANCE
REGULATORY FRAMEWORK
ADMINISTRATIVE CONSTRAINTS
FOREIGN OWNERSHIP
Wallsten, Scott
Hallward-Driemeier, Mary
Xu, Lixin Colin
The Investment Climate and the Firm : Firm-Level Evidence from China
description The importance of a country's "investment climate" for economic growth has recently received much attention. The authors 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.
topic_facet ACCESS TO INFORMATION
BANK LOANS
BARRIERS TO ENTRY
CAPITAL EQUIPMENT
CAPITAL USE
CITIES
COLLABORATION
COMMUNICATION TECHNOLOGY
COMPETITIVENESS
CONSUMERS
DECENTRALIZATION
DOMESTIC FIRMS
DOMESTIC INVESTORS
DOMESTIC MARKET
ECONOMIC CONDITIONS
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
EMPIRICAL ANALYSIS
EMPIRICAL RESEARCH
EMPLOYMENT
EMPLOYMENT GROWTH
ENVIRONMENTAL PROBLEMS
EXCHANGE RATE
EXCHANGE RATE POLICIES
EXPORT MARKETS
EXPORTS
FINANCIAL MARKETS
FOREIGN FIRMS
FOREIGN INVESTORS
FOREIGN OWNERSHIP
GLOBAL ECONOMY
GROWTH POTENTIAL
GROWTH RATES
IMPORT COMPETITION
IMPORTS
INCOME
INNOVATION
INTEGRATED MARKETS
INVESTMENT CLIMATE
INVESTMENT CLIMATES
INVESTMENT LEVELS
INVESTMENT RATE
INVESTMENT RATES
ITC
LABOR MARKET
LARGE SHAREHOLDERS
LEGAL SYSTEMS
LIBERAL POLICIES
LOCAL FIRMS
MACROECONOMIC POLICIES
MANAGERS
MARKET FAILURES
MARKET POWER
MARKET SHARE
NATIONAL LAWS
NATURAL ENDOWMENTS
PER CAPITA INCOME
PER CAPITA INCOMES
PHONES
POLICY MAKERS
POSITIVE EFFECTS
PRIVATE INVESTMENT
PRIVATE SECTOR
PRODUCERS
PRODUCTION FUNCTION
PRODUCTIVITY
PROTECTIONISM
REGIONAL DIFFERENCES
REGIONAL LEVEL
REGRESSION ANALYSIS
REGULATORY AGENCIES
REGULATORY ISSUES
SCALE ECONOMIES
SIDE PAYMENTS
TAX RATES
TAXATION
TELEPHONES
TOTAL FACTOR PRODUCTIVITY
TRANSITION COUNTRIES
TRANSITION ECONOMIES
WORKERS
WORKING CONDITIONS BUSINESS ENVIRONMENT
INVESTMENT ENVIRONMENT
INTERNATIONAL INTEGRATION
LABOR MARKET
ACCESS TO CREDIT
EXTERNAL FINANCE
REGULATORY FRAMEWORK
ADMINISTRATIVE CONSTRAINTS
FOREIGN OWNERSHIP
author Wallsten, Scott
Hallward-Driemeier, Mary
Xu, Lixin Colin
author_facet Wallsten, Scott
Hallward-Driemeier, Mary
Xu, Lixin Colin
author_sort Wallsten, Scott
title The Investment Climate and the Firm : Firm-Level Evidence from China
title_short The Investment Climate and the Firm : Firm-Level Evidence from China
title_full The Investment Climate and the Firm : Firm-Level Evidence from China
title_fullStr The Investment Climate and the Firm : Firm-Level Evidence from China
title_full_unstemmed The Investment Climate and the Firm : Firm-Level Evidence from China
title_sort investment climate and the firm : firm-level evidence from china
publisher World Bank, Washington, DC
publishDate 2003-03
url http://documents.worldbank.org/curated/en/2003/03/2183612/investment-climate-firm-firm-level-evidence-china
https://hdl.handle.net/10986/18280
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