Does the Investment Climate Matter? Microeconomic Foundations of Growth in Latin America

This book aims to fill that gap by using extensive and new firm-level data. It provides an alternative, albeit complementary, approach to previous studies of the determinants of the region's growth performance, which are mostly based on cross-country regressions using aggregate data. This book uses the information contained in enterprise surveys performed in 16 Latin American and Caribbean countries, covering more than 10,000 firms. These data are complemented with information from household surveys, as well as from enterprise surveys performed in other regions of the world. The analysis in this volume covers topics that have also been stressed by other authors, such as the need to make progress in the areas of financial sector development, export promotion, and innovation policy. The book's contribution in this regard is to inform the corresponding policy debates with evidence on the effect of different policy environments on firm performance. Overall this book will contribute to identifying some of the underlying factors that are driving Latin America's lackluster growth performance. In particular, objective is to improve our understanding of the policies that could have a larger influence on increasing growth and productivity in the region, by means of improving the environment in which firms invest and operate.

Bibliographic Details

Main Authors:	Fajnzylber, Pablo, Guasch, J. Luis, López, J. Humberto
Language:	English en_US
Published:	Washington, DC : The World Bank 2009
Subjects:	ANNUAL GROWTH, AVERAGE GROWTH, AVERAGE PRODUCTIVITY, AVERAGE PRODUCTIVITY GROWTH, BANK LOANS, BANKRUPTCY, BENCHMARK, BUREAUCRACY, BUSINESS CYCLE, BUSINESS ENVIRONMENT, BUSINESS REGULATIONS, CAPITAL ACCUMULATION, CAPITAL INVESTMENTS, CAPITAL MARKETS, CAPITAL STOCK, CAPITAL STOCKS, CHECKING ACCOUNTS, COMMODITIES, COMMODITY, COMMODITY PRICES, COMPARATIVE ANALYSIS, COMPETITIVENESS, COPYRIGHT CLEARANCE, COPYRIGHT CLEARANCE CENTER, CORPORATE GOVERNANCE, CORPORATE TAXES, CORRUPT OFFICIALS, CORRUPTION, COUNTRY LEVEL, COUNTRY REGRESSIONS, COUNTRY RISK, CREDIT CONSTRAINTS, CREDIT IMPERFECTIONS, CRISES, CURRENT ACCOUNT BALANCE, DEBT, DECREASING RETURNS, DEPENDENT VARIABLE, DEPOSITS, DESCRIPTIVE STATISTICS, DEVELOPING COUNTRIES, DEVELOPING REGIONS, DEVELOPING WORLD, DEVELOPMENT ECONOMICS, DEVELOPMENT PRACTITIONERS, DEVELOPMENT REPORT, DEVELOPMENT RESEARCH, DIMINISHING RETURNS, DOMESTIC CREDIT, ECONOMETRIC ANALYSES, ECONOMETRICS, ECONOMIC ACTIVITY, ECONOMIC ENVIRONMENT, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMICS LITERATURE, ECONOMICS PROFESSION, ECONOMIES OF SCALE, ELASTICITY, EMPIRICAL EVIDENCE, ENTERPRISE SURVEYS, EXPORT PROMOTION, EXPORTS, EXTERNAL FACTORS, EXTERNALITIES, FACTORS OF PRODUCTION, FINANCIAL CRISIS, FINANCIAL DEPTH, FINANCIAL DEVELOPMENT, FINANCIAL INFORMATION, FINANCIAL INSTITUTION, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SECTOR DEVELOPMENT, FINANCIAL SECTORS, FINANCIAL SERVICES, FINANCIAL SYSTEMS, FIRM GROWTH, FIRM PERFORMANCE, FISCAL POLICY, FIXED CAPITAL, FIXED EFFECTS, GDP, GDP PER CAPITA, GLOBAL ECONOMY, GLOBALIZATION, GOVERNANCE MEASURES, GROSS DOMESTIC PRODUCT, GROSS FIXED CAPITAL FORMATION, GROSS INVESTMENT, GROWTH ACCELERATIONS, GROWTH COMPONENT, GROWTH ELASTICITY, GROWTH FRONT, GROWTH MODELS, GROWTH OF LABOR, GROWTH PERFORMANCE, GROWTH PROSPECTS, GROWTH RATE, GROWTH RATES, HIGH GROWTH, HIGH INEQUALITY, HOUSEHOLD SURVEYS, HUMAN CAPITAL, IMPROVING PRODUCTIVITY, INCOME, INCOME GROUPS, INCOME LEVEL, INCOME LEVELS, INCOME PER CAPITA,
Online Access:	http://documents.worldbank.org/curated/en/2008/01/10060787/investment-climate-matter-microeconomic-foundations-growth-latin-america https://hdl.handle.net/10986/6300
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