Peru - Microeconomic Constraints to Growth: The Evidence from the Manufacturing Sector
This study looks at the investment climate in Peru using a unique database of manufacturing firms. Through detailed analysis, it establishes four key areas that pose constraints to investment and growth in Peru and proposes solutions. The four main...
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| Format: | PSD, Privatization and Industrial Policy |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/06/6591557/peru-microeconomic-constraints-growth-evidence-manufacturing-sector http://hdl.handle.net/10986/14426 |
| Summary: | This study looks at the investment
climate in Peru using a unique database of manufacturing
firms. Through detailed analysis, it establishes four key
areas that pose constraints to investment and growth in Peru
and proposes solutions. The four main areas are: 1) an
uncertain legal and regulatory framework, 2) low level of
market integration and high logistics costs; 3) low levels
of investment and activity in innovation and technology
absorption and, 4) difficulties in accessing finance. The
main findings and the full set of policy recommendations
center on reducing uncertainty by more clearly articulating
the Government legislative agenda; continuing and
intensifying efforts to improve court processes;
facilitating the registration and operational regulation of
firms by further reducing red tape; reducing corruption
awarding public goods and services contracts through a
revision of public procurement at the central, regional and
municipal levels; increasing the focus on quality and
exports; and reforming moveable asset registries. |
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